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Weekly global coal market news summary (Jun 5-9)

sxcoal.com General 2023-06-09 15:05:14

EIA forecasts a 15% reduction in coal-fired power this summer

The coal-fired power generation in the U.S. is forecast to reduce 15% year on year this summer due to higher generation from natural gas and renewables…

 

Newcastle May coal exports down over 5% YoY, slightly increase MoM

Coal exports from Australia's Newcastle port grew compared to the previous month, marking a new high in five months, while presenting...

 

Australia May coal exports to top destination Japan surge 37.26% MoM, Kpler

Australia exported 8.73 million tonnes of coal to its No.1 destination Japan in May, surging 37.26% month on month yet still 4.60% lower compared with the year-ago level…

 

EIA: U.S. power consumption to see modest decline YoY in 2023

Power consumption in the U.S. is expected to decrease slightly in 2023 compared with a year ago, owing to economic slowdown and mild ...

 

SAIL plans long-term coking coal contracts with Australia, Russia, US and Canada

Steel Authority of India Ltd (SAIL) is giving consideration to sign long-term coking coal contracts with Australia and Russia and dis...

 

Review: Indonesia's Apr coal exports retreat amid fasting month

Indonesia's coal exports decreased noticeably in April from a month ago, but still lingered above 40 million tonnes, representing the...

 

Russia May seaborne coal exports retreat 1.19% MoM, Kpler

Russia's seaborne coal exports totaled 16.23 million tonnes in May 2023, falling 1.19% from the preceding month but gaining 0.85% on ...

 

Italy could abandon coal 1 yr earlier, environment minister says

Italy could shut down its coal-fired power utilities in 2024, a year earlier than planned, if gas prices remain at current low levels...

 

Review: S Africa Apr coal exports at 3-1/2-yr high, over 50% to India

South Africa's coal exports continued to rebound from the month prior in April, hitting a record high since December 2019. Over half ...

 

(Writing by Rebecca Liu  Editing by Harry Huo)
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