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Indonesian
thermal coal rebounds to 3-mth high in China import market
Prices of Indonesian thermal coal have
rebounded to a three-month high in China's seaborne import market, presenting a
s
China's spot thermal coal prices rebounded to 600 yuan/t ($88.6/t) at northern ports after holding flat for six days following five-day lose since late-January, fanning bullish sentiments among market
South Korea imported 2.28 million tonnes of metallurgical coal (including coking coal and PCI coal) in January, decreasing 18.08% year on year and 14.33% month on month, according to the latest custom
China's coal hub Shanxi province discovered new coal reserves totaling 2.44 billion tonnes in 2018, Xinhua News Agency reported on February 14, citing Shanxi Natural Resources Department.
Hunan Valin Steel Co., Ltd. (SZSE: 000932), one state-owned company of China, sold 1.7 million tonnes of finished steel last month, up 10% from a year ago, the company said in an announcement on Febru
Thermal coal
Domestic market
Production area In Shaanxi, some small mines intended to lower their prices following several big ones' cuts a couple of days ago. Not many coal mines resume
Prices of Indonesian thermal coal have rebounded to a three-month high in China's seaborne import market, presenting a sharper growth following small rises after Chinese Lunar New Year holidays.
Chinese thermal coal market became more active with increased inquiries and trades at northern transfer ports, driving prices to move up further.
On February 14, the Fenwei CCI index for
China's factory-gate inflation slowed for a seventh straight month in January to its weakest pace since September 2016, raising concerns the world's second-biggest economy may see the return of deflat
China's coke exports totaled 716,000 tonnes in January, rising 4.4% from a year yet falling 35.96% from a month ago, showed data from the General Administration of Customs on February 14.
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China is said to possibly maintain its tight controls on import coal for the coming months after February, an expectation among market players shortly after the nation strengthened coking coal import
China's coal imports surged to a new high in January since February 2014, Chinese customs data showed on February 14, more than triple of the size of December.
January's coal imports tota
Australia is expected to increase investment in coal projects significantly in the next few years, according to the latest "Resources and Energy Quarterly" report for December quarter published by the
China's coastal thermal coal market ran a bit stronger as participants gradually returned from the Spring Festival holiday, with offer prices inching higher two days after the weeklong break.
Most utilities in China were still staying on the sidelines after the weeklong Spring Festival break, with market sentiment shadowed by a lack of clarity on the government's import policy.
Hosted by China's coal industry portal
sxcoal.com, the 9th (2019) Global Coking Coal Resource & Market Summit is
set to convene in Beijing in April 10-11, 2019.
China's cok
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
Spot cargo prices for Australian thermal coal
Trades of thermal coal remained light in Chinese seaborne import market so far this week, as domestic power plants were reluctant to restock given their high stockpiles and customs clearance issues im
Chinese domestic thermal coal market kept gaining strength from growing demand for Shanxi premium cargoes, which also helped push up prices in other coals.
On February 13, the Fenwei CCI
Coal-rich Indonesia exported 36.66 million tonnes of coal in December, increasing 5.64% from the preceding year and up 2.76% from November, showed data from BPS-Statistics Indonesia.
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