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Increased arrivals of competitively-priced Colombian thermal coal have given Chinese buyers the upper hand in negotiating lower prices for cargoes from Indonesia and Australia.
In June, a
China is likely to see a significant sequential decline in coking coal imports from Mongolia in May, with daily inflows through the largest inland border port hitting the lowest in eight month amidst
China's online coking coal auctions continued to settle at high prices on May 23, despite a moderate retreat in restocking demand from coking plants and buying interests of traders.
This
China's power grid operators are gearing up to meet potential surge in electricity demand during the upcoming summer season.
Based on recent data, experts predicted a significant increase
China's PCI coal market marginally perked up last week, as the continued decline in PCI coal prices started to spur buying interests of low-stocked steelmakers.
On May 18, Fenwei CCI inde
China's thermal coal imports in April spiked to the highest since December 2020, propelled by strong demand due to clear price advantages against Chinese domestic coal.
China imported 30.
China's top coal-producing Shanxi province will target six types of coal mines in the latest safety overhaul that will last till the end of the year, according to a notice issued recently by the Shanx
Thermal coal
Production area The market remained lackluster in major production areas. Mine-mouth coal supply was stable after some Yulin-based mines in Shaanxi resumed production. Traders co
Newcastle thermal coal prices gained ground following developments at the G7 summit that benefit for the industry.
On the trading session of May 22, 2023, Newcastle coal futures for June
China imported 8.39 million tonnes of coking coal in April 2023, rising 97% year on year but down 13.1% from the previous month, according to data released by the General Administration of Customs.
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Indonesian thermal coal prices experienced a significant correction due to persistently weak demand from China, despite anticipation of demand pickup for the upcoming summer peak demand season.
China's portside thermal coal prices remained unchanged on the whole, as the potential downward correction due to sluggish demand was balanced out by high costs of newly-arrived shipments from product
High cost,
weak demand keep China's portside coal prices flat
China's portside thermal coal prices
remained unchanged on the whole, as the potential downward correction due to
sluggish demand
Indonesian
thermal coal prices fall on lackluster Chinese demand
Indonesian thermal coal prices experienced
a significant correction due to persistently weak demand from China, despite
antic
Thermal coal
Production area Thermal coal prices mildly increased in Yulin of Shaanxi, but maintained generally steady in Ordos of Inner Mongolia and northern Shanxi. Miners in major producti
Coal exports from Australia's Newcastle port continued to decline in April and hit a new low for the same month since at least 2019.
The port exported 11.18 million tonnes of coal in Apri
Coal production in the top three provinces of China experienced a notable decline in April compared to the previous month, primarily due to stringent safety inspections, railway maintenance, and slugg
Coal production of Mongolia came in at 5.85 million tonnes in April this year, surging 339.49% year on year but dropping 1.52% month on month, showed data from the National Statistical Office of Mongo
Several coal-transporting railways are undergoing maintenance in China, with most of the work expected to be completed by early next month. This measure has been taken to eliminate any safety concerns
Most participants saw a high possibility of materialization for the ongoing eighth round of coke price cuts in China, but do not anticipate further reduction as coking coal prices continued to strengt