Weekly global coal market news summary (Oct 11-Oct 15)

sxcoal.com General,  Viewpoint,  Price 2021-10-15 15:27:51

Indonesian thermal coal prices jump higher amid solid Chinese demand

Indonesian thermal coal prices posted big rises on October 14, supported by robust demand and positive bids from Chinese buyers. ...


Indonesia Aug coal exports at 7-mth high; China intakes double

Indonesia's coal exports reached a 7-month high of 37.72 million tonnes in August, up 28.8% from the year-ago level and 12.65% from t...


India allows captive coal mines to sell 50% of output to market

India's captive coal mines, which produce coal for their own downstream companies, are allowed to sell half of their annual output in...

 

Indian state-run ports' coal imports at yr-low in Sep

India's coal imports from 12 state-run ports sank to a new low since October last year in September 2021, data showed. C...

 

Indian allows power plants to use imported coal to blend with domestic fuel

The Indian government asked utilities to use at least 10% of imported coal to blend with domestic fuel to ease the current coal short...


India says it has ample coal stocks, but Delhi minister tells a different story

India's coal stocks are currently abundant to meet the needs of power generation, a coal ministry statement said on October 10, but t...


Vietnam Sep coal imports register 7-mth low

Coal imports of Vietnam came in at 2.14 million tonnes in September, slumping 43.9% from the year-ago level and 43.8% from August, to...

 

US coal output to rise 10% YoY this year, EIA

The US coal extraction is estimated to grow 9.88% year on year in 2021 to 588 million short tons (533 million tonnes), showed the Sho...

 

Asian Development Bank lifts climate financing goal to $100 bln for 2019-2030

Asian Development Bank will raise its climate financing goal by $20 billion to $100 billion for the 2019-2030 period and will announc...


Soaring natural gas prices drive European electric companies back to coal

As natural gas prices soared in European countries, more and more power companies returned to coal-fired power generation with higher...


Russia coking coal exports at record high in Aug

Russia exported 4.14 million tonnes of coking coal in August, jumping 72.9% year on year and 105.49% month on month respectively, hit...


S Korea Sep coal imports up 15.69% MoM

South Korea imported 12.77million tonnes of coal in September, up 8.47% year on year and 15.7% month on month, showed South Korea cus...


Whitehaven coal output down 4% in Jul-Sep on poor weather

Australian coal producer Whitehaven Coal Co., Ltd. posted a 4% decline in commercial coal production over the first quarter of FY2021...


Richards Bay declares force majeure after a fire burns conveyor

Transnet Port Terminals (TPT), operator of South Africa's Richards Bay Dry Bulk Terminal, has declared force majeure on all operation...


World Steel revises down its forecast for global steel demand

The World Steel Association adjusted down its forecast for the year-on-year growth in global steel demand to 4.5% compared with the p...


(Writing by Emma Yang  Editing by Tammy Yang)
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1 Indonesian coal prices stable with mixed views on market direction 2021-12-03

China's seaborne thermal coal buyers remained on the sidelines waiting for further developments despite the tight supply for prompt cargoes. Traders reported Indonesian 3,800 Kcal/kg NAR

2 Chinese thermal coal prices edge lower as demand wanes 2021-12-03

Chinese domestic thermal coal prices edged lower on December 3 as many buyers stayed out of the market following the government's announcement for a new pricing mechanism for long-term contracts for 2

3 Weekly global coal market news summary (Nov 29-Dec 3) 2021-12-03

Indonesian thermal coal trades quiet as buying enthusiasm fades Indonesian thermal coal market saw an uneventful session at the beginning of this month with offers and bids largely unchanged

4 Weekly China coal market news summary (Nov 29-Dec 3) 2021-12-03

Chinese utilities slow coal purchases awaiting further market cues Chinese utilities have slackened spot coal purchases in the domestic market this week as they expected prices to fall back s

5 China's seaborne import coking coal market extends decline on weak purchases 2021-12-03

Chinese downstream users shunned procurement of seaborne coking coal on limited price advantage compared with domestic and imported Mongolian coking coal, further accelerating declines of seaborne pri

6 China Nov lump anthracite market: stabilizing from late-Oct declines 2021-12-03

China's lump anthracite marketextended decline entering November before stabilizingon the back of recovered demand alongside resumption of production at chemical plants and increased resid

7 Is rising Omicron scare triggering fall in global thermal coal prices? 2021-12-03

The fluctuations in global thermal coal prices seem unlikely to lose momentum as these rates, which saw an average rise of $30/t till the last week, have corrected down by $40/t this week.

8 China Coal Daily Track (Dec 3) 2021-12-03

Thermal coal Production area Coal prices at major production areas stabilized temporarily, except for 20-60 yuan/t downward corrections by some miners in Shaanxi. Most mines with commitment to

9 China issues draft plan for long-term contract coal pricing mechanism 2021-12-03

The long-awaited coal pricing mechanism for 2022 long-term contracts has been unveiled, according to a draft plan issued at the National Coal Trade Fair held on December 3. The draft, mad

10 Rail capacity restraint puts S Africa's Oct coal exports well below year-ago level 2021-12-03

South Africa's coal exports fell again in October from a six-month high in the previous month and hit the lowest level for the same month since at least 2011, affected by restraints of railway capacit

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2 China's Manzhouli suspends coal imports on COVID-19 2021-12-01

China's largest land port Manzhouli, located in Inner Mongolia and bounded by Russia and Mongolia, temporarily banned imports of coal as well as some other products, as the recent cases of COVID-19 fo

3 China's NDRC to start cost investigation on coal production and circulation 2021-11-30

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4 Mongolian coking coal prices extend rise after China tightens entry rule 2021-12-02

Mongolian coking coal prices extended gains on December 2 in anticipation of reduced supply after China's Ganqimaodu border crossing, the largest gateway for Sino-Mongolia coal trades, announced to fu

5 China's 5,000 Kcal coal edges down; sentiment sours amid policy uncertainty 2021-11-30

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7 S Africa's Richards Bay Oct coal exports down 25% YoY 2021-12-01

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8 China issues draft plan for long-term contract coal pricing mechanism 2021-12-03

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9 China tightens grips on imports through inland ports on pandemic concerns 2021-12-01

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10 Chinese utilities slow coal purchases awaiting further market cues 2021-12-02

Chinese utilities have slackened spot coal purchases in the domestic market this week as they expected prices to fall back soon amid looming government price adjustment. Growing supplies also weighed