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China's domestic thermal coal market kept the upswing on June 7 although many insiders were skeptical about the sustainability as buyers shunned high-priced cargoes.
During the ses
Thermal
coal prices rebounded 5-20 yuan/t at China's main production areas following
the pickup of spot prices at northern ports.
It was
learned that some traders in Shanxi
China's coking coal prices were largely unchanged on June 7, with a regional supply shrink outweighing the fact that demand did not experience a significant improvement despite the increase in steel p
China's steel products imports were registered at 3.13 million tonnes during January-May 2023, a year-on-year slump of 37.1%, according to the data released by the General Administration of Customs on
China's coal imports continued to see strong year-on-year growth yet slightly declined from the preceding month, according to the latest customs data released on June 7.
The country impor
China's imports of coal, natural gas, iron ore, steel products, etc.
Thermal coal
Production areaCoal prices remained on the downtrend, but decline narrowed in major production areas. A few miners overshot their recent falls and made mild upward correcti
Newcastle thermal coal prices experienced a sharp decline after a short upswing, as profit-taking and coal sales in Europe contributed to the decline. Additionally, coal prices weakened alongside the
Indonesia's coal exports decreased noticeably in April from a month ago, but still lingered above 40 million tonnes, representing the highest level of the same month since 2014.
The count
Thermal coal prices in major markets across the world extended losses in the past week due to an ongoing supply-demand mismatch, which was particularly evident in Europe, Northeastern Asia, and China.
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Indonesian thermal coal prices moved lower to win over Chinese buyers from competition with Chinese domestic coal, whose prices have been falling rapidly in recent two weeks, traders noted.
Indonesian and Australian thermal coal prices eventually bottomed out after weeks of falling in the wake of a rebound in China's domestic market, and a rise in natural gas prices also stoked the posit
Declines decelerated in China's spot thermal coal market after benchmark prices fell below the upper limit of medium- and long-term contract price range.
On June 2, benchmark 5,500 Kcal/k
Bangladesh's power situation may continue to deteriorate for another two weeks as local power plants face a shortage of fuel due to increased electricity consumption driven by rising temperatures, acc
Russia's coal production rose for the third consecutive month in April, according to data from the Russian Federal State Statistics Service.
The country's coal output reached 36.7 million
China's portside thermal coal prices rebounded earlier than expected at the start of the week, thanks to increased demand from utilities seeking prompt cargoes amid rising temperatures in the southern
China Energy Investment Corporation has started operations at Asia's largest coal plant-wise carbon capture and utilization storage (CCUS) project.
After days of running at full ca
Turkey Apr
coal imports fall to 11-mth low, yet up 17.7% YoY
Turkey's coal imports in April rose 17.74%
on the year but dropped 39.14% on the month, marking the lowest level since
June 2022,
Guangdong Electric Power Development Co., Ltd, one of the major power producers in China, said imported coal accounted for approximately 50% of its coal supply as of the end of April 2023.
Jinneng Holding Shanxi Electric Power Co., Ltd., a Shenzhen-listed power utility in Shanxi, said it may optimize the share of long-term contract coal as the spot prices continue to move down.
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