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Indonesian thermal coal prices increased as Chinese buyers cranked up purchases to boost inventories before a potential supply shortage in the fasting month of Ramadan that starts in late March.
Thermal coal prices in northern China presented
diverged trend on March 10 as miners with increased trucks for coal loading
raised offers up by 10-30 yuan/t, and those saw the opposite continued to
Newcastle thermal coal prices reversed recent declines for almost a week, backed by some good news from major buyers in the world and a rebound in natural gas.
On March 10, the April cont
Coking coal inventories held by Chinese mining firms extended decline into the second week, yet this seems not enough to reverse the downtrend of prices against growing prudence among buyers.
Northwestern China's Shaanxi province shipped 463 million tonnes of coal last year, accounting for 62% of its annual production and 64% of sales, local media reported.
A total of 241 mill
Thermal coal
Production area Most miners saw balance in supply and sales, and kept prices steady. Yet a few miners raised prices by 10-30 yuan/t on the back of improved buying appetite from s
India to step
up efforts to ensure sufficient power supply in summer
India is expected to step up efforts to
ensure power supply during peak months of April and May, in a bid to avoid
power
China's
thermal coal pithead market trends up again on bullish sentiment
The thermal coal market at China's main
production heartlands witnessed uptrend this week, after mine-mouth prices
p
Inventory of five major steel products in China's 21 cities fell 1% or 140,000 tonnes from ten days ago to 13.58 million tonnes on February 28, according to data from China Iron and Steel Association
South African thermal coal exporter Thungela expected a 100% increase in its earnings last year, thanks to record-high coal prices in the global market after the Russia-Ukraine conflict.
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The Indian Steel Association (ISA) presented a roadmap on securing 161 million tonnes of coking coal supplies to senior officials including the steel minister, Indian media reported, citing industry s
China will continue tostrengthen the basic supporting role of coalin energy security, and keep boosting clean energies to meet carbon goals, said China's state planner on March 5.
Nippon Steel Corp, the world's fourth-largest steelmaker, may buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, since it sees a risk of com
China will continue to enhance energy supply, reserves and price stability in 2023, according to the National Development and Reform Commission.
The country's energy security is guarantee
Indonesian thermal coal prices stabilized from the previous weeklong downward trend as Chinese utilities issued fresh tenders for seaborne import cargoes.
On March 8, several trades were
Indonesia's coal exports in February jumped nearly 40% from a year earlier to a new high for the same month since 2018, Kpler's cargo-tracking data showed.
In February, Indonesia exported
Coal inventories at China's major transshipment port of Qinhuangdao fell for the fourth straight week to draw near the 5-million-tonne level last week, as daily outflows continued to be supported by h
Russia's seaborne coal exports totaled 11.83 million tonnes in February 2023, retreating 8.42% from the preceding month and marking the fourth straight month of decline, according to Kpler's cargo-tra
China's portside thermal coal market registered higher selling prices but sluggish trading activity, underscoring the perception that sentiment was the main driver to recent rebound rather than change
China's thermal coal prices showed signs of stabilizing on March 6 due to renewing demand from end users, especially from cement factories that are ready to resume operation in mid-March.
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