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China's portside thermal coal prices remained unchanged on March 22, as steady purchase price of the nation's top miner for third-party coal partly offset worries of further downside.
On
Thermal coal prices in China's production
heartlands stabilized from the downtrend started from the beginning of this
week, giving confidence to miners for the near-term market.
China's metallurgical coke market came under pressure amid weakened cost support from the upstream sector and signs of a downtrend in the downstream market.
Coking coal miners in major pr
Newcastle thermal coal futures closed slightly higher on March 21 after falling for six consecutive sessions as turmoil in the global financial system has eased and boosted optimism in the economic ou
China's thermal coal imports rebounded markedly during the first two months of 2023, after two straight years of fall during the same period, notching the second highest for the same period since at l
Thermal coal
Production area Bearish sentiment grew after some mines cut prices by 20-40 yuan/t to ease inventory pressure. Coal dispatches further slowed as buyers shifted to cautious stance
China's cumulative power generation capacity of all sources totaled 2,599.93 GW by the end of February, an 8.5% rise year on year, data from the National Energy Administration (NEA) showed.
Australian coal company New Hope Corp. reported a 103% year-on-year surge in net profit from August 2022 to January 2023, the first half of the fiscal year 2022-23, driven by a surge in global commodi
Coal exports from the three major North Queensland terminals were 9.57 million tonnes in February, up 3.12% from a year earlier but down 2.05% from January, sinking to the lowest in ten months, showed
Russia plans to increase coal exports to Asia-Pacific countries in 2023, TASS quoted Russian Deputy Energy Minister Sergey Mochalnikov as saying.
Mochalnikov said Russia's coal exports sl
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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
China's raw coal production during January-February this year notched the highest for the same period in history, yet its year-on-year growth significantly shrank to 5.8%. Potential decline of product
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
Newcastle thermal coal futures edged lower in tandem with underperformance of energy commodities amid spillover uncertainty due to concerns over the financial stability after closure of the Silicon Va
The U.K. National Grid has announced that the government is considering reserving some coal-fired power plants as backup power for next winter to ensure sufficient electricity supply.
How
Australia earned A$9.59 billion ($6.43 billion) in January from coal exports, dipping 0.64% from a year ago and down 20.6% on the month, showed data from Australian Bureau of Statistics.
India targets higher domestic production and plans to reduce its dependence on imports despite the global geopolitical turmoil that put pressure on supply chain.
The country is expe
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
The spot thermal coal market at northern China ports remained stagnant, with sellers firm in offer prices on high costs and buyers waiting for more price corrections.
The situation has ca
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.
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