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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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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
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
The thermal coal market at China's main
production heartlands witnessed uptrend this week, after mine-mouth prices
posted two rounds of declines since the Chinese New Year holidays ended in late
Ja
Russia plans to export coal mined from the deep in the heart of Siberia via the Yenisei River and Russia's Northern Sea Route (NSR) to the demand-growing Asia market, with the initial shipment expecte
China's portside thermal coal prices picked up again on March 7 propelled by growing inquiries and increased trading activity, although many traders viewed the upward trend less sustainable.
Spot thermal coal prices continued to move higher at northern China ports, with participants citing bullish sentiment as the main driver, while the downstream began to adopt a wait-and-see mode again
China's coking coal market saw mounting downside risks as supplies continued to recover along with resumption of some opencast coal mines in Wuhai of Inner Mongolia, yet sales were subdued with growin
China's coal imports recorded a sharp increase in the first two months of 2023, rising 70.8% year on year, driven by utilities' strong demand for restocking to take advantage of low prices and in anti
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