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China's portside thermal coal market appeared to be struggling as more Australian coal flowed into coastal regions, adding pressure to the already weakened dynamics.
Offer prices moved si
Little price changes were reported by thermal coal miners at China's main production areas, as the market was dominated by long-term contract supplies, with little to no spot trading liquidity.
Shanxi, a major energy base in China, is expected to increase raw coal output by more than 60 million tonnes in 2023, setting a production target of at least 1.365 billion tonnes.
Accordi
Coking coal prices are poised to further decline in China's top production hub of Shanxi, owing to limited improvement in sales after price cuts and weak online auctions.
On March 2
Thermal coal
Production area Miners mainly delivered coal for term contracts and rigid demand. Most miners reported poor spot coal sales as traders kept a wait-and-see stance amid low selling
China coking coal, met coke and steel market key figures in focus.
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.
China's portside domestic thermal coal market has been less volatile in recent days, with limited demand and few trading activity during the shoulder season.
Offer prices of main products
China's coking coal market started the week with extended decline on March 27, as the previous price cuts were still not enough to spur sales.
On March 27, the CCI Index for Shanxi
China's domestic thermal coal prices remained range-bound last week as a big offer-bid spread curtailed trading activity. With current high prices and seasonally low consumption, utilities are showing
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China will continue to implement zero-import tariffs for coal imports until the end of this year, according to a government document issued late last week.
The State Council's Tariff Comm
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
Check out latest updates on the Chinese futures market for thermal coal, coking coal, coke and others at close.
China's growing imports of Australian metallurgical coal are likely to dampen its demand for Russian shipments, although it won't threathen the status of Russia as the second-largest supplier.
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
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
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.
It has been more than seven months since the EU imposed a ban on Russian coal imports last August 11. In the meantime, European countries have been experiencing energy shortages, soaring prices and el
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
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
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