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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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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 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
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
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 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.
Mongolia is on course to increase its coal exports to 50 million tonnes in 2024, said Bold Javkhlan, the country's Minister for Finance, during a plenary session of the State Great Khural on May 18.
India's largest power company, National Thermal Power Corporation (NTPC), has recently announced a series of tenders to procure a total of 3 million tonnes of imported coal to meet the fuel demand of
Coking coal restocking fervor started to ease in the leading production hub of Shanxi after concentrated purchases in the previous week, putting further uncertainty on the near-term market outlook.
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
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
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