Weekly global coal market news summary (May 20-May 24)

sxcoal.com Company,  Price,  Import & Export,  International,  Thermal Coal,  Coking Coal 2024-05-24 16:57:43

Newcastle thermal coal prices dip to $140/t on harsh monetary policy

Newcastle thermal coal futures continued to fall this week, due to concerns about the U.S. delaying interest rate cuts, now at a 23-year high.On May 22, the June contract on the ICE closed at $140/t,

 

Int'l thermal coal market diverges amid mixed factors

The international thermal coal market saw mixed trends last week. Weak demand from major importers exerted downward pressure on coal prices, while regional logistical constraints and resilient demand

 

Asian heatwave fuels Newcastle coal prices

Newcastle thermal coal futures have stayed above $140/t for three days, supported by strong demand and a positive outlook in Asia.?Despite a slight 0.35% dip in the June contract on ICE on May 17 to $

 

Indonesian thermal coal prices may not rise as much as expected in peak season

Indonesian thermal coal prices may not increase as much as expected during the peak summer demand period, due to proactive purchases by many Chinese utilities, potentially dampening the expected inten

 

Summit Focus | Global coal supply chain has been reshaped

Coal supply chain across the globe has been reshaped, and new supply-demand conflicts arise from geopolitics rather than supply shortages, said one industry expert at a market seminar held late last w

 

Review: India Mar coal imports grow moderately despite expected high demand

India's coal imports continued a moderate month-on-month growth in March 2024, registering a rise of 2.95%, despite potential higher consumption during summer, partly as high domestic production restr

 

Indian met coke prices move up marginally WoW

Indian met coke prices have edged up to INR 33,500/t ($402/t) ex-Jajpur, recording an increase from a week earlier. Prices have picked up slightly as demand has emerged from buyers. Also, another reas

 

Indonesian coal HBA prices mixed in May

The HBAs (Harga Batubara Acuan), or Indonesian Coal Price Indexes, were set in mixed trends for various grades in May, with the high-calorific value (CV) grade posting a notable decline, according to

 

India to discuss met coke import quota

India's government is about to convene a meeting on May 28 to discuss issues with regard to the imposition of quantitative restrictions on low-ash metallurgical coke imports, as a sudden influx of the

 

Anglo American rejects BHP's 3rd takeover offer but still leaves door open

Anglo American rejected a third takeover proposal from BHP Group on May 22, but it agreed to extend the deadline for making a binding offer for another week.This marks the third unsuccessful intention

 

Baosteel Resources and Adaro Mining forge strategic pact for coking coal

Baosteel Resources Singapore Limited, a subsidiary of China's Baowu Resources, and Adaro Minerals Indonesia, run by Adaro Mining, inked a strategic agreement in Singapore, setting the stage for furthe

 

Mongolia Apr coal output up 25.2% YoY; iron ore up 179.9%

Coal production of Mongolia came in at 7.76 million tonnes in April 2024, rising 25.22% year on year yet falling 5.99% month on month, showed data from the National Statistical Office of Mongolia.The

 

(Writing by yan.sun  Editing by Harry Huo)
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1 Mongolia May rail coal and iron ore shipments fall for 2nd mth 2024-06-17

Mongolia's railway-carried coal shipments were registered at 872,400 tonnes in May 2024, down 12.41% from last month and marking the second straight month of decline, showed data from National Statist

2 Regional supply disruptions may limit downward space of China's coking coal prices 2024-06-17

Chinese coking coal prices started the week with a positive note amid sustained on-demand purchases and potential regional supply constraints as some miners in Shaanxi planned to halt production and d

3 China port-side thermal coal prices down amid rising inventory pressure 2024-06-17

China's thermal coal prices declined at major transfer ports, as some traders lower prices to complete for limited demand due to growing inventory pressure.On June 17, offers of 4,500 Kcal/kg NAR coal

4 China's coastal coal freight rates sustain downtrend as demand lags 2024-06-17

China's coastal coal freight rates extended the downward trend overall last week, hitting a record low since mid-April this year despite a slight rebound as of late last week.The China Coastal Coal Fr

5 Indonesia May coal exports rebound to multi-year high, Kpler 2024-06-17

Indonesia's seaborne coal exports rebounded from the previous month, hitting new highs for the same month in history, according to cargo-tracking data from Kpler.The country exported 44.24 million ton

6 Weekly: China's coking coal prices weaken further after 2nd coke price cut 2024-06-17

China's coking coal market continued to weaken last week amid sustained steel price reductions and cautious buying from end buyers. Bearish sentiment further spread after the second coke price cut. Pr

7 China futures market updates at close (Jun 17) 2024-06-17

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

8 Weekly: China's met coke prices drift lower on lack of support 2024-06-17

Chinese coking plants basically accepted the 50-55 yuan/t coke price cut proposed by major Chinese steel mills last week amid the weakened steel market and lower feed coal costs.This coke price declin

9 Weekly: China's thermal coal prices dip amid lack of demand 2024-06-17

Thermal coal market extended weakness at northern China ports last week, due to lukewarm demand from power plants vis-a-vis high selling costs. Some traders began softening their offers under high inv

10 China Coal Daily Track (Jun 17) 2024-06-17

Thermal coalProduction area Thermal coal prices were stable in major producing regions, apart from about 10 yuan/t price corrections in both directions at a few mines. End buyers made steady purchases

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