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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.
China's coking coal market remained steady on March 16, yet sentiment further softened owing to rebounding production and sustained prudent buying from coke firms.
On March 16, the
Thermal coal prices at China's major
production areas moved sideways amid weak demand, thanks to steady shipment to
long-term contract buyers.
Though miners expressed pessim
Colombia's largest coal producer Drummond exported 2.35 million tonnes of coal in February, up 4% from a year earlier and nearly 27% from a month ago, data from the company showed, mainly driven by a
India's power producer Haryana Power Generation Corporation Limited (HPCGCL) issued a tender seeking up to 587,000 tonnes of seaborne thermal coal for its three power plants, according to a latest ten
China's met coke market has been relatively stable after the Chinese New Year holidays, with proposals by either steel mills to further lower prices or coke makers more recently to raise prices failin
Thermal coal
Production area Prices were generally steady. Miners could still strike a balance between production and sales, as they mainly dispatched coal for term contracts. Some power plan
South Korea's coal imports fell to a four-month low in February as warmer-than-normal weather reduced the country's coal demand and declined natural gas prices cut back coal consumption for power gene
Schedule
of Mongolian coal e-auction on Mongolian Stock Exchange over Mar 17-20, 2023
Seller Name
Coal Type
Quan
China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
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Mongolia's coal exports totaled 7.83 million tonnes during January-February 2023, up 6.54 million tonnes or 504.01% year on year, showed data from the Mongolian Customs General Administration (MCGA).
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.
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
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.
India is expected to step up efforts to ensure power supply during peak months of April and May, in a bid to avoid power cuts amid surging demand.
The country's power ministry said on Mar
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
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
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
Infographic | China Taiwan coal imports in Feb 2023
The ongoing stalemate between coke producers and steelmakers over the first round of coke price hike has started to add bearishness to the coking coal market.
Coke firms continued to limi