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A collective leave of Indonesian miners for the Hindu New Year holiday subdued activity in the Indonesian thermal coal market, leaving offers mostly unchanged.
On March 23, few offers wer
China's growing imports of Australian metallurgical coal are likely to dampan its demand for Russian shipments, although it won't threathen the status of Russia as the second-largest supplier.
China's non-power coal consumers like cement and chemical plants may lend limited support to thermal coal market in the near term, at a time when the demand strength from the power utilities waned.
China's state safety watchdog urged coal mines to step up efforts to prevent mining risks from gas explosion and water leaks, a day after a deadly accident in southwest China.
On March 20
China's coking coal imports surged 54.3% or 4.61 million tonnes year on year to 13.11 million tonnes during the first two months this year, with about 83% coming from Mongolia and Russia.
China has resumed coal imports from Australia this year, ending a vacuum period since October 2020. The resumption will make a difference in China's coal supply pattern, especially for steelmakers, bu
Thermal coal
Production area Prices remained generally steady, except for individual corrections, yet sentiment marginally took a turn for better after a leading miner kept its buy prices for th
Mongolian Mining Corporation (MMC), a Mongolian coking coal producer listed on the Hong Kong Stock Exchange, reported a 196.8% year-on-year rise in revenue to $546 million in 2022, the company said in
India produced 185 million tonnes of coal and lignite in January-February, up 9.6% year on year, data from the Ministry of Coal showed.
State-owned Coal India produced 141 million tonnes
China coking coal, met coke and steel market key figures in focus.
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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
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
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
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
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
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
China's coal exports totaled 620,000 tonnes in the first two months of 2023, up 2.3% year on year, customs data showed.
The exports were worth $217.81 million, up 22.8% year on year, data
Five workers were trapped and on dead after a coal and gas outburst accident occurred in southwestern China's Guizhou province on March 19, according to an announcement from local governmental website
Infographic | China coal imports in Feb 2023
China's coking coal market came under pressure as more miners cut prices to spur sales after inventories accumulated.
Some 50-100 yuan/t price cuts were heard at mines in Shanxi, Sh
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