Weekly global coal market news summary (Mar 20-Mar 24)

sxcoal.com 2023-03-24 15:47:49

Higher Australian intake likely to curb China's demand from Russia

China's growing imports of Australian metallurgical coal are likely to dampan its demand for Russian shipments, although it won't thr...


Holiday curbs activity in Indonesian thermal coal market

A collective leave of Indonesian miners for the Hindu New Year holiday subdued activity in the Indonesian thermal coal market, leavin...


Mongolia Feb rail coal shipment drops; iron ore keeps rising

Mongolia's coal shipment through railway was registered at 1.26 million tonnes in February, up 32.21% compared with the preceding yea...


Newcastle thermal coal prices moderately higher as banking jitters ease

Newcastle thermal coal futures closed slightly higher on March 21 after falling for six consecutive sessions as turmoil in the global...


Russia to ramp up coal exports to Asia-Pacific in 2023

Russia plans to increase coal exports to Asia-Pacific countries in 2023, TASS quoted Russian Deputy Energy Minister Sergey Mochalniko...


India coal & lignite output up 9.6%YoY in Jan-Feb

India produced 185 million tonnes of coal and lignite in January-February, up 9.6% year on year, data from the Ministry of Coal showe...


Mongolia's Feb coal output jumps 214.1% YoY; iron ore falls 63.4%

Coal production of Mongolia came in at 4.98 million tonnes in February, surging 214.05% year on year but falling 16.57% month on mont...


Global thermal coal prices in mixed trends amid uneven demand

Prices of Indonesian, Russian and South African thermal coal gained momentum last week, driven by growing demand from China and India...


UK considers coal power capacity for backup next winter

The U.K. National Grid has announced that the government is considering reserving some coal-fired power plants as backup power for ne...

(Writing by Rebecca Liu  Editing by Alex Guo)
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1 High stockpiles drives down China's portside thermal coal prices 2023-05-29

China's portside thermal coal prices continued their downward trajectory at the start of the week, impacted by lackluster demand, stiff competition from imported coal, and the ongoing oversupply. Trad

2 Weekly China thermal coal market analysis and forecast 2023-05-29

China's domestic thermal coal market witnessed an unexpected slump last week, as oversupply caused by influx of cheap imported coal exacerbated the downward pressure stemming from weak demand.

3 China coking coal auction settled lower on growing buying prudence 2023-05-29

China's coking coal market started the week with a slight drop in settlement prices for some online auctions conducted in major production areas, reflecting growing caution among coking plants in resp

4 Weekly: China's anthracite market generally stable 2023-05-29

China's anthracite prices changed little during the past week amid weak demand. Main anthracite miners have maintained high production since the production recovery in Shaanxi. Mine

5 China's Ganqimaodu's Mongolian coal imports exceed 12 Mt 2023-05-29

Ganqimaodu border port, the largest artery in China for importing coal from Mongolia, saw its coal intakes reach 12.09 million tonnes from the start of 2023 to May 25, according to the port's official

6 Weekly China coking coal market analysis and forecast 2023-05-29

China's coking coal market remained steady last week with miners generally turning prudent in raising prices following the continued decline in coke and steel prices as well as weakened buying appetit

7 Weekly China met. coke market analysis and forecast 2023-05-29

China's metallurgical coke market completed the ninth round of 50 yuan/t cuts, adding the total decline to 700-800 yuan/t since April. Coke demand remained weak after the reduction as steelmakers were

8 Weekly: China's PCI coal prices temporarily steady 2023-05-29

China's PCI coal prices stabilized but orders were still inactive last week, with major miners holding prices temporarily unchanged after consecutive price cuts and seeing thermal coal prices level of

9 China coastal coal freight rates in minor fluctuations amid limited demand 2023-05-29

Limited demand for vessels led to slight fluctuations in coal freight rates along China's coast last week, dashing hopes for a rebound in near days. The China Coastal Coal Freight Composi

10 China's coal mining and washing industry profit down 14.6% YoY in Jan-Apr 2023-05-29

China's coal mining and washing industry earned a total profit of 295.42 billion yuan (around $41.8 billion) in the first four months of this year, down 14.6% year on year, according to data from the

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