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Thermal coal market at China's major production areas extended the weakness with coal miners reporting reduced trucks coming for loading.
Traders remained on the sideline waiting for more
China's portside thermal coal prices started the week lower as high stockpiles at all links and weakened coal consumption curtailed demand. Some utilities looked to scale up imports and canceled plans
Coking coal prices showed signs of a downward spirl in major producing areas of China due to a lack of buying strength from coke firms, some miners informed.
On March 20, CCI Index
China's domestic thermal coal prices were generally stable last week. Divided views about the market direction led to diverged approaches between sellers and buyers and constrained trading activity.
Northern China's Inner Mongolia produced 198 million tonnes of raw coal in the first two months of 2023, up 1.9% year on year, showed the latest data from the local statistics bureau.
Thi
China's coking coal market remained steady but weak during the past week. Thick wait-and-see sentiment amid the ongoing tussle over coke price hike led to prudence purchases of the feed coal. Some min
Thermal coal
Production area The market was roughly in balance, with most miners prioritizing term contracts and non-power users maintaining rigid demand. Traders, washing plants and storage yar
Chinese metallurgical coke prices stayed unchanged last week amid continued price tussle between coke and steel makers and limited change in supply-demand fundamentals.
The Index
Indonesia's Ministry of Energy and Mineral Resource (ESDM) has released its thermal coal reference price (HBA) for March, the first use since the formula for calculation was changed.
Acco
Coal inventories at China's major transshipment port of Qinhuangdao stayed generally flat on March 17 compared with a week ago along with growing but matched inflows and outflows.
Qinhuan
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Indonesia's Ministry of Energy and Mineral Resources (ESDM) has officially revised the formula for coal reference price (HBA) as stated in the Decree of the Minister of Energy and Mineral Resources co
Thermal coal prices stayed stable at northern China ports for the fourth consecutive day, with no clear trends formed, leaving both sellers and buyers to sit on the sidelines for more clues.
Mongolia exported 828,500 tonnes of iron ore in January-February, jumping 168.27% or 519,700 tonnes from a year ago, showed latest data from the Mongolian Customs General Administration (MCGA).
Two members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, have called for reliable coal supply and streamlined
Chinese buyers remained inactive in importing Australian coking coal even though the import barrier has been gradually lifted, partly due to cheaper domestic supplies and price-competitive alternative
Spot thermal coal prices moved sideways on March 14 across major transfer ports in northern China, as sellers and buyers waited for hints amid uncertainties to make next moves, adding to the trading s
China's coal imports from Australia are expected to increase as all domestic companies are reportedly allowed to resume the coal trade with the country.
Ports and customs offices have bee
China's portside thermal coal prices remained flat as market participants stood on the sidelines for more clues. Some traders expected demand from the cement industry to pick up and drive coal prices
China registered a 71.4% year-on-year surge in coal imports to 60.64 million tonnes during the first two months of 2023. While the higher growth mainly resulted from the lower year-ago imports, the Ja
China churned out 734.23 million tonnes of raw coal during January-February 2023, rising 5.8% from a year ago, with the growth expanding 3.4 percentage points compared with December, showed data from
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