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Indonesian thermal coal prices found support in firmly-placed Chinese import tender results and rising Chinese domestic spot prices, yet the seaborne import market still lacked direction as the overal
Thermal coal prices at northern China ports continued to rise for the third day on April 18 after declining for weeks, but demand has softened, traders said.
On April 18, benchmark 5500 K
Bearish sentiment in China's metallurgical
coke market weighed on the upstream coking coal mines, with the prolonged
buying prudence prompting miners to keep cutting prices to spur sales.
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China's thermal coal miners generally reported increased inquires and more trucks coming for coal loading as offer prices at port-side market picked up with demand from utilities.
China produced 120 million tonnes of coke during January-March, rising 3.8% year on year, according to data released by the National Bureau of Statistics.
March production came in at 41.7
Thermal coal
Production area The market extended weakness in main production areas. Miners mainly focused on supply guarantee and long-term contract delivery, while spot buyers stayed on the si
China churned out 417.22 million tonnes of raw coal in March 2023, rising 4.3% from a year ago, showed data from National Bureau of Statistics on April 18.
The growth slowed down by 1.5 p
China's industrial sectors registered a 4.4% year-on-year growth in power consumption to 1,360.2 TWh in the first quarter this year, showed the latest data from the China Electricity Council.
China's production of coal, coke, crude steel and other main industrial products in Mar 2023.
Coal exports from the three major North Queensland terminals were 11.29 million tonnes in March, up 7.55% from a year earlier and 17.99% from February, showed data from North Queensland Bulk Ports Cor
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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
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
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
China's imports of coal, natural gas, iron ore, steel products, etc.
Canadian diversified miner Tech Resources completed its metallurgical coal sales target for the first quarter and continued to gain profit thanks to robust selling prices.
The company sol
Siberian Coal Energy Company or SUEK, Russia's largest coal supplier, foresaw a great potential in energy cooperation with its Chinese partners given a strong start of exports this year and the prospe
China's thermal and coking coal markets are on the downward trajectory, mainly owing to extended weakness of demand, though specific drivers behind varied. While thermal coal is in seasonal lull, coki
Australian coal producer Whitehaven Coal Ltd. announced on April 12 that it has lowered its production forecast for the current fiscal year, mainly due to labor shortages and operational constraints a
China's domestic thermal coal prices continued to drop as sellers began to speed up sales after the nation's top miner lowered its purchase prices. Fears that coal stockpiles may catch fire at ports a
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
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