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The thermal coal market in China's main production regions lost more strength after the top coal miner lowered its purchasing prices for third-party coal.
Sources disclosed that China's t
China's domestic thermal coal prices posted big declines at the beginning of this week, due to a combination of weak demand and sufficient supply, curtailing the outlook for potentially strong restock
China's domestic thermal coal market dropped moderately for the second consecutive week, as utilities were still relying on long-term contract supply to replenish their stocks, while non-power end use
China's metallurgical coke prices remained under downside pressure as some large steelmakers proposed to cut coke prices by another 50-100 yuan/t just days after the first round of price cuts.
Thermal coal
Production area Demand remained weak as a whole, as participants mainly placed orders on a need-to basis. Some miners' online auctions continued to settle lower. Inventory pressu
China State Railway Group delivered 398 million tonnes of power coal during January-March 2023, rising 13% year on year, in response to the country's supply guarantee request for the winter heating pe
China's metallurgical coke market completed the first round of price cuts last week, yet sustained weak buying interests of steelmakers continued to put further downside risks on the material.
Coal shipments via China's Daqin railway increased significantly in March, possibly to make up for the supply decline in April when it undergoes routine spring maintenance.
Last mo
Coal inventories at China's major transshipment port of Qinhuangdao extended the rise to notch a new high since mid-April 2020, as inflows still outpaced offtakes despite decline in both compared with
China's coking coal producers faced increased selling pressure last week, with further price drops reported as coking plants became more cautious about purchases after first round of coke price cut.&n
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Many Chinese thermal coal traders opted to directly sell their cargoes to CHN Energy, or Shenhua, at rail stations, instead of transporting and then selling at northern ports, as the cost eclipses the
Domestic thermal coal prices moved downward at northern China transfer ports as demand remained weak after the Qingming Festival.
On April 6, the benchmark 5,500 Kcal/kg NAR thermal coal
China's coking coal market has maintained a downward trend since mid-March amid growing supply but prudent buying among downstream users. The pace of decline has accelerated somewhat this week followi
Japan's coal imports in February posted an over 11% month-on-month decline, mainly due to slumped imports from countries likely Australia, Canada and Russia.
The island country's coal imp
China's 10 largest coal mining groups (in terms of production) produced 377.45 million tonnes of raw coal during January-February 2023, rising 11.88 million tonnes or 3.25% year on year, according to
Mongolia's Tavantolgoi JSC started its first shipment of coal for export by rail on April 5, Montsame reported.
On April 5, 1,395 tonnes of coal in 44 containers carried by 22 wagons were
China's domestic coking coal prices weakened on April 4 as the first round of coke price cuts contributed to cautious purchasing sentiment.
On April 4, the CCI Index for Shanxi low-sulfur
Daqin Railway, known as China's No. 1 heavy-duty line, has started a 30-day spring intensive maintenance from April 6, which will make it the longest since the line was opened and also the intensive m
Thermal coal
Production area With stable term contract delivery, most major miners did not face much inventory pressure. Downstream buyers remained in a cautious buying stance and were inacti
Australia's export revenue is projected to reach a new record high this financial year, according to the Australian government's five-year outlook update.
Driven by an increased demand fo
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