Weekly global coal market news summary (Mar 25-Mar 29)

sxcoal.com General,  International 2024-03-29 17:06:51

Newcastle thermal coal prices soar as India, Vietnam ramp up imports

Newcastle thermal coal futures extended the uptick for three consecutive trading days, driven by increased imports from India and Vietnam as the peak demand period is on the horizon.On March 27, ICE N

 

Indonesian thermal coal prices start to fall; Australian coal demand emerges

Indonesian thermal coal prices began to fall notably this week as demand retreated from Chinese buyers, who took a backseat in response to the continued price declines in the Chinese domestic market.S

 

US Baltimore bridge collapse disrupts coal shipments

Coal exports from the bustling port of Baltimore in the US experienced a setback due to a bridge collapse caused by a collision with a massive cargo ship early on March 26, leading to disruptions in r

 

Mongolian coking coal prices in mixed trends; China's market improves

Mongolian coking coal prices posted mixed trends at the border crossing Ganqimaodu on the China's side, a price pattern different from previously continuous downturn, as demand from Chinese buyers par

 

Int'l thermal coal market subdued on lack of demand support

International thermal coal prices generally weakened last week, with tepid demand dragging down Australian and Russian high-CV thermal coal, and elevated import costs dampened Chinese utilities' buyin

 

Pressure mounts on Russian coal supply in 2024

Russia's coal supply are facing multiple challenges in 2024, as production in its key producing region Kuzbass extended the downward trend in the first two months.Kuzbass produced 34.5 million tonnes

 

Indonesia Mar thermal coal reference prices in mixed trends

The HBA (Harga Batubara Acuan), or Indonesian Coal Price Index, exhibited varied trends among its sub-indexes in March, according to the Ministry of Energy and Mineral Resources (ESDM).The HBA for 6,3

 

Vietnam Jan coal power generation surges, emissions hit new record

Vietnam's coal-fired power plants set a new high in carbon dioxide emissions in January, as the country's utilities ramped up output to prevent a recurrence of last year's power outages, Reuters repor

 

Indian power plants cut coal imports for blending as domestic supply surges

Indian coal-fired power plants have significantly reduced coal imports for blending, opting instead for domestic sources, according to data released by the coal ministry.During the period from April 2

 

India auctioned 104 coal mines since 2020, with capacity at 226 Mtpa

A total of 104 commercial coal mines have been auctioned in India as of mid-March 2024, with a combined production capacity of 226 million tonnes per annum (Mtpa). Once operational, these mines will s

 

(Writing by yan.sun  Editing by Alex Guo)
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