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After falling for weeks, China's portside thermal coal market has seen increased inquires that help put an end to the downward trend, market sources said.
Inquiries improved in the market
Coking coal inventories have been built to a relatively high level at mines in major production areas of China, as demand from coke and steel makers was slack, pressuring miners and suppliers to cut t
Several thermal coal miners contacted by
Sxcoal expressed pessimism about the near-term market and were worried about
further price drops, as no strong support enough to reverse current downside
tr
Mongolia's Gashuunsukhait border port, connecting China's Ganqimaodu border crossing, exported 260,000 tonnes of coal on April 11, notching the highest in history, Chief Cabinet Secretary D. Amarbayas
Thermal coal
Production area Following top miner's cut of purchase prices for third-party coal, some miners adjusted down prices by 20-60 yuan/t. Most mines did not face too much inventory pres
China's coal imports surged to the second highest in March, just below the all-time high registered in January 2020, showed the latest customs data released on April 13.
The country
China's imports of coal, natural gas, iron ore, steel products, etc.
Mongolia's coal exports totaled 13.78 million tonnes during January-March 2023, surging 11.26 million tonnes or 446.17% year on year, showed data from the Mongolian Customs General Administration (MCG
Vietnam imported 8.57 million tonnes of coal during January-March 2023, rising 35.3% year on year, while the value of the imports amounted to $1.47 billion, up 0.9% year on year, customs data showed.
China's maximum power load may exceed 1.36 TW this year, a further rise from the year-ago level, and some provinces are likely to experience power shortages during peak hours, Liang Changxin, spokesma
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India's coal imports were 148.58 million tonnes during April 2022-February 2023, the first 11 months of the fiscal year 2022-23, marking an increase of 32% from 112.38 million tonnes in the same perio
Global mining giant Glencore and Japanese power producer Tohoku Electricity Power have possibly entered into a long-term contract for supplies of thermal coal from Australia at around $200/t FOB, acco
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 prices continued to move downward, struggling to find support amid abundant availability and weak demand.
On April 11, prevailing offers for the most-traded
Russia's seaborne coal exports totaled 14.38 million tonnes in March 2023, climbing 21.57% from the preceding month and marking the first rebound after four straight months of decline, according to Kp
China's coking coal prices are facing further downward risk in major production regions as sales remained stagnant with little support from recent price cuts.
On April 11, CCI index
India's power generation grew at an unprecedented rate of 11.5% in the last fiscal year 2022-23, the highest in 33 years, mainly driven by increase in coal-fired generation.
The summer he
Germany's hard coal imports stood at 3.24 million tonnes in January, down 10.12% year on year, preliminary data from German Statistics Bureau showed.
The imports increased
India's power generators saw their thermal coal imports rise for the second consecutive month in February, and surpassed 3 million tonnes again, more than doubling the year-ago level.
Ind
South Africa's coal exports in February posted clear year-on-year and month-on-month drops, marking new ebb of the same month since 2017.
The country exported 5.3 million tonnes of coal i
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