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Indonesian thermal coal prices drifted lower on May 25 under the pressure of competition from other origins that offered alternatives to China, its major buyer.
On May 25, Chinese traders
China's metallurgical coke prices are facing renewed downside pressure as some steelmakers asked for further price cut just after coking plants saw a significant alleviation of inventory pressure.
China's coking
coal imports in April remained robust despite a slight drop compared with last
month, and Mongolia and Russia were still the top two source countries with
high supplies to China, sho
Power coal supply in northern coal-rich Inner Mongolia could be slightly tight during peak periods in the upcoming summer season, said Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd, the first
Hydropower generation in China reached 68.36 TWh in April 2023, marking a year-on-year decrease of 25.9% despite flat compared to the previous month, according to the latest data from the National Bur
China's
coal imports experienced a substantial year-on-year increase in April, and Fujian
became the largest coal importing province with over 10 million tonnes of
imports for the first time.
Xinjiang Uygur autonomous region in northwestern China is preparing to open a new railway by the end of September, facilitating the transportation of coal from the region to other provinces.
Thermal coal
Production area Mine-mouth coal prices extended the decline. With the high fulfillment of term contracts, power plants shunned spot purchases. Non-power end users also maintained
Newcastle thermal coal futures dropped again after a brief period of improvement, impacted by the decrease in natural gas prices.
On May 24, the June contract tumbled 7% from a day earlie
Southern China's Guangdong province vowed to build coal storage capacity to 33 million tonnes by 2025, including 6 million tonnes of government's dispatchable capacity, according to a work plan for pr
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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 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
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 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.
Indonesian thermal coal prices experienced a substantial decline, pressured by sluggish demand from Chinese utilities, which are currently holding high stockpiles.
On May 20, June-loading
While coking coal market sentiment continued to improve on the back of rebounding sales and prices regionally in China, concerns arose that a significant price increase may be elusive, with coking pla
State mining group Coal India Ltd has developed 52 coal mining projects, including 13 new mines, as part of its efforts to achieve the coal production target of 1 billion tonnes by the fiscal year 202
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