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Indonesian and Australian thermal coal prices eventually bottomed out after weeks of falling in the wake of a rebound in China's domestic market, and a rise in natural gas prices also stoked the posit
China's thermal coal miners remained skeptical about whether the mine-mouth prices could bottom out, despite a rebound in spot prices at ports.
While portside prices have shown signs of r
China's coking coal supply little affected by Shanxi mines suspension
Several coal mines suspended production in China's leading coking coal-producing province, due to equity issues, yet
China's domestic thermal coal market trend has and will continue to attract attention. Current market conditions indicate that loose supply may exert downward pressure on prices in the second half of
China's anthracite market continued downtrend during the past week, as coal sales still didn't perform well and miners can only attract buyers by lowering prices.
Power consumption from b
Newcastle thermal coal prices accelerated the upward pace, propelled by potential demand from countries especially in Asia.
On June 5, the July contract on the ICE closed at $143.75/t, a
Italy could shut down its coal-fired power utilities in 2024, a year earlier than planned, if gas prices remain at current low levels, Environment Minister Gilberto Pichetto Fratin said on June 5.
Thermal coal
Production area Coal prices further declined in major production areas. A few mines halted or cut production due to stagnant sales and the resultant high inventory pressure, lead
Huichun land port on China's border with Russia has completed construction of a coal industrial park with static coal storage capacity of 1 million tonnes and annual throughput reaching 10 million ton
China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
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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
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, the CC
Indonesian thermal coal prices moved lower to win over Chinese buyers from competition with Chinese domestic coal, whose prices have been falling rapidly in recent two weeks, traders noted.
Declines decelerated in China's spot thermal coal market after benchmark prices fell below the upper limit of medium- and long-term contract price range.
On June 2, benchmark 5,500 Kcal/k
Russia's coal production rose for the third consecutive month in April, according to data from the Russian Federal State Statistics Service.
The country's coal output reached 36.7 million
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
Turkey Apr
coal imports fall to 11-mth low, yet up 17.7% YoY
Turkey's coal imports in April rose 17.74%
on the year but dropped 39.14% on the month, marking the lowest level since
June 2022,
Jinneng Holding Shanxi Electric Power Co., Ltd., a Shenzhen-listed power utility in Shanxi, said it may optimize the share of long-term contract coal as the spot prices continue to move down.
Guangdong Electric Power Development Co., Ltd, one of the major power producers in China, said imported coal accounted for approximately 50% of its coal supply as of the end of April 2023.
China's portside thermal coal prices rebounded earlier than expected at the start of the week, thanks to increased demand from utilities seeking prompt cargoes amid rising temperatures in the southern
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