Weekly global coal market news summary (May 29-Jun 2)

1 Indonesian thermal coal prices drop to vie with Chinese domestic coal 2023-06-02

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.

2 China's portside thermal coal price decline slows after falling below contract limit 2023-06-02

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

3 China's pithead thermal coal prices in freefall 2023-06-02

Most mines in China's main thermal coal production regions continued to lower their offer prices as sales showed no significant signs of improvement following previous price cuts. On June

4 Qinhuangdao coal stocks remain high despite small retreat 2023-06-02

Coal inventory at China's major transshipment port of Qinhuangdao slightly pulled back during the week ended on June 2, partly as inflows declined amid high port-side inventory and on-hand stocks at p

5 Russia's Apr coal output rises for 3rd straight month 2023-06-02

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

6 Chinese coking coal miners feel hard to maintain destocking on weak new orders 2023-06-02

While coking coal miners continued to deliver cargoes to meet existing commitments, the weakening buying strength from coking plants is adding uncertainty to their ability to maintain the pace of dest

7 Weekly global coal market news summary (May 29-Jun 2) 2023-06-02

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,

8 Weekly China coal market news summary (May 29-Jun 2) 2023-06-02

Jizhong Energy optimizes mine's coal production amid falling prices Jizhong Energy Group Co., Ltd. reported that it has increased coal production potential at Wannian mine by about 200,000 t

9 Asia's largest coal-linked carbon capture project commences operation 2023-06-02

China Energy Investment Corporation has started operations at Asia's largest coal plant-wise carbon capture and utilization storage (CCUS) project. After days of running at full ca

10 India plans 30 Mt annual coal exports to neighbors from 2030 2023-06-02

India aims to export around 30 million tonnes of coal to Bangladesh and Sri Lanka each year starting from 2030,according to plan drafted by Indian coal ministry on June 1. The volum

1 China's spot thermal coal prices down close to contract upper limit 2023-06-01

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

2 How long will price decline last in China's portside thermal coal market? 2023-05-30

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.

3 Mongolia seeks to supply coking coal to India 2023-05-30

Mongolia has expressed interest in becoming a potential supplier of coking coal to India and has approached the country's Steel Ministry to explore possible partnerships, sources familiar with the mat

4 Indonesian thermal coal market undermined by tender prices in China 2023-05-31

Indonesian thermal coal prices experienced a palpable fall on May 31, affected by aggressive tender prices in China in the wake of straight price corrections in the domestic market. Some

5 Coking coal buying appetite retreats in China amid 10th coke price cut 2023-06-01

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

6 Mongolia-China Shivee Khuren-Ceke railway starts construction, benefiting coal exports 2023-05-30

Mongolia has started construction of a 7.1-km railway linking Shivee Khuren and China's Ceke border port, which is likely to boost bilateral coal trades through the artery after it completes construct

7 Downturn in China's thermal coal market shows no signs of abating 2023-05-31

China's spot domestic thermal coal market was still grappling with steep decline on May 31, as utilities are well stocked with limited buying interest in anticipation of further price declines.

8 Coal India hikes high grade non-coking coal prices by 8% 2023-05-31

India's largest coal supplier Coal India Ltd (CIL) has raised prices of its non-coking coal of grade G2 to G10 by 8%, marking the first hike in five years, according to local media. The a

9 China's manufacturing PMI falls to 48.8 in May 2023-05-31

China's factory activity weakened further in May as a lack of demand suppressed the release of manufacturing capacity. The official manufacturing purchasing managers' index (PMI) stood at

10 China's steel PMI down for 3rd mth in May 2023-05-31

The Purchasing Managers' Index (PMI) in China's steel sector, an economic indicator for the industry, fell to 35.2 in May, marking the third straight month of decline after returning to expansion t