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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 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
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.
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.
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
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
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
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
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
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