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China's
import thermal coal prices to further weaken, traders
Prices of overseas thermal coal are poised
to further weaken in Chinese seaborne import market in the days ahead even
though the
China's six leading power groups requested the nation's top economic planner to mediate and help lower thermal coal prices again in order to alleviate their cost burden, said market sources familiar w
Thermal coal
Production area Coal production increased in Shaanxi's Yulin after a batch of private mines resumed operation. Some miners were also in preparation of production resumption. A few
Chinese spot thermal coal prices have been falling in fits and starts for weeks, as demand from end buyers was tepid for most of the time though deals were concluded sporadically.
The Fen
Prices of overseas thermal coal are poised to further weaken in Chinese seaborne import market in the days ahead even though the typical peak consumption season is soon to arrive, traders said.
China's liquefied natural gas (LNG) imports registered a surge of 35.1% from a year ago in April, latest customs data showed on May 23.
China imported 4.54 million tonnes of LNG last mont
China's imports of thermal coal (bituminous and sub-bituminous coal) dropped 14.56% year on year in April, showed data from the General Administration of Customs on May 23.
April thermal
South Korea's metallurgical coal imports
hit a seven-month high in April with a significant increase from March, yet
dipping a little from the same month last year. The imports have waved largely in
Shaanxi's government announced to cut electricity costs for
industrial and commercial users effective July 1, local media reported, which
is the second time since the province lower the costs in Apr
China's thermal coal market appears turning sour as lingering weak appetite from utilities bucked expectations for a demand pickup for pre-summer restocking.
High coal stockpiles re
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Coal exports of Canada's Ridley Terminals posted a year-on-year decrease of 10.5% in April, showed the latest data.
The volumes came in at 0.57 million tonnes, down from 0.64 million tonn
Steadily growing thermal coal inventories at coastal utilities and northern transfer ports were souring traders' confidence in the short-term market, as demand from end buyers would likely further go
China's import thermal coal prices are losing ground as pressure is mounting alongside weeklong depreciation of Chinese yuan.
On May 20, the Fenwei CCI index for Indonesian 3,800 Kcal/kg
Decline of Indonesian thermal coal prices gathered pace in China's seaborne import market, along with depreciating Chinese currency and utilities' lukewarm buying.
On May 22, the Fenwei C
China Apr thermal coal imports down nearly 14.6% on yr
China's imports of thermal coal (bituminous and sub-bituminous coal) dropped 14.56% year on year in April, showed data from the General Admi
Chinese spot thermal coal market was clouded with bearish sentiment as demand turned sour. Some traders dumped cargoes to accelerate money return, while some others halted sales temporarily.
Sea freight rates for shipping coal along China's northern-southern routes were range-bound these days, influenced by demand and shipment capacity dynamics.
The freight rate of 50,000-60,
Prices of overseas thermal coal are poised to further weaken in Chinese seaborne import market in the days ahead even though the typical peak consumption season is soon to arrive, traders said.
Bearish sentiment was simmering among traders on Chinese thermal coal market in June, as they were concerned that demand would remain tepid from utilities.
Unlike late May last year, when
China's met coke market continued to run strong with the 3rd round of price increases generally being accepted by steel mills.
The faster-than-expected acceptance was mainly ascribed to a
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