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The overall price of China's thermal coal extended downtrend in May, as high stocks in ports and downstream producers along with abundant imported coal, despite the tightening of local supply impacted
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
China's domestic thermal coal extended losses to the third week running as persistently high stocks at ports and utilities suppressed demand and more bookings of far-month imported coal also put press
Thermal coal market showed no signs of improving at China's main production hubs on June 5, as prices slumped another 50-100 yuan/t at some mines.
The increasing stockpiles are the knotty
China's coking coal market is perceived as weak in June by participants, as downstream users are showing prudence in buying, expecting major miners to lower long-term contract prices.
South Africa's coal exports continued to rebound from the month prior in April, hitting a record high since December 2019. Over half of exports was shipped to India in the month.
The coun
Infographic | Indonesia coal exports in Apr 2023
Thermal coal
Production areaCoal prices extended the decline amid lukewarm demand in major production areas. This also led to a weaker hauling for term contract coal. Except for some chemi
Coastal coal freight rates in China have once again experienced a significant decline this week, reaching a new low since mid-April 2020. The coal shipping market shows no signs of stabilizing, althou
Russia plans to resume coal shipments via North Korean port of Rajin for further export to China.
The port used to be the gateway for Russia shipping coal to China and South Korea, but sh
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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
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
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
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.
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
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
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
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