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China's spot domestic thermal coal prices witnessed another steep decline on June 1, approaching the upper limit of the contract price range set by the government.
Benchmark 5,500 Kcal/kg
China's thermal coal mine-mouth prices started the new month lower, mainly pressured by sluggish demand.
While a mild drop in supplies was observed near the end of May as some miners scal
Coking coal dispatches continued to slide in major production areas of China, with a more prudent buying stance observed amid the ongoing tenth round of coke price cuts.
On June 1,
China is experiencing increased hydropower generation with sustained rise of water flow at Three Gorges Dam following rising precipitations in central and southwestern China in recent days.
The futures price of Newcastle thermal coal displayed signs of a rebound after a recent downward trend, due to growing demand in Asia that provided a much-needed boost to the market.
On M
Thermal coal
Production area Thermal coal prices extended decline in key production areas. Supply slightly reduced as a few mines suspended or cut production at the end of May after completing
The Indian government has announced its intention to sell a stake of up to 3% in state-owned miner Coal India Ltd, it said in a filing on May 31.
The plan entails selling up to 1.5% of th
The recent surge in temperatures across southern China, with some areas in excess of 40 degrees Celsius, has failed to provide significant boost to the thermal coal market, despite the increase in dai
Ikongwe Mine, Botswana's sole iron ore mine, has stopped its operation owing to falling export prices of iron ore, Reuters reported on May 31, citing a senior company official.
Owned by B
Ningxia Baofeng Energy Group, a Shanghai-listed chemical products producer, said its buy prices of third-party coal have been declining month by month since the start of the year.
The ave
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Steel prices in China plummeted to a three-year low last week, primarily due to the weakness in its property sector, according to a Reuters report.
On May 25, the spot price of HRB400 20m
Shanghaimiao coal-fired power project, located in northern China's Inner Mongolia, was fully operational after the No.4 steam turbine wrapped up a 168-hour trail run, media reported.
This
China's portside thermal coal prices continued their downward trajectory at the start of the week, impacted by lackluster demand, stiff competition from imported coal, and the ongoing oversupply. Trad
China's domestic thermal coal market has been in the middle of a fast downward trend, with prices falling by more than 120 yuan/t during the past two weeks to the lowest since mid-January 2022.
China's installed wind power and solar power capacity combined reached 820 GW by the end of April 2023, accounting for 30.9% of China's total power capacity, according to the National Energy Administr
Trading enthusiasm started to cool in China's coking coal marketon May 26, with lower settlement and failure seen in online auctions after the coke market completed a further round of 50 yuan/t
Ganqimaodu border port, the largest artery in China for importing coal from Mongolia, saw its coal intakes reach 12.09 million tonnes from the start of 2023 to May 25, according to the port's official
Nippon Steel, a prominent Japanese steelmaker, remained engaged in negotiations with Teck Resources regarding its strong interest in acquiring a stake in Teck's esteemed high-grade coking coal asset,
China's coking coal market started the week with a slight drop in settlement prices for some online auctions conducted in major production areas, reflecting growing caution among coking plants in resp
China's power utilities are awarding tenders for imported coal at even lower prices, reinforcing expectations of persisting price declines in a buyers' market.
On May 26, several Chinese
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