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    Weekly global coal market news summary (Aug 12-Aug 16)

    2019-08-18 15:25:34 General,  International sxcoal.com

    India's Jun coal import rises 29% to 24 mln T India's coal imports increased by 28.7% to 24.14 million tonnes in June on the ...

    Turkish bidder to buy British Steel

    2019-08-16 18:19:41 Company,  International chinadaily.com.cn

    British Steel, one of the United Kingdom's most iconic companies and the direct descendant of its once-nationalized steel industry, w...

    Allegiance Coal to broaden coal business in Canada and US

    2019-08-16 17:05:15 Company,  International,  Coking Coal sxcoal.com

    Australia's energy giant Allegiance Coal has been longing to broaden metallurgical coal business in Canada and the US. ...

    S Korea Jul thermal coal imports hit 6-month high

    2019-08-16 16:41:08 Import & Export,  International,  Thermal Coal sxcoal.com

    South Korea's imports of thermal coal (bituminous coal and sub-bituminous coal) climbed remarkably to a six-month high in July, showe...

    Coal India's 54 mining projects facing delays

    2019-08-16 16:15:37 Company,  International ptinews.com

    State-owned Coal India's 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in gree...

    S Korea Jul coal imports up 25.6% MoM

    2019-08-16 13:30:33 Import & Export,  International sxcoal.com

    South Korea saw its coal imports (including thermal coal, metallurgical coal and anthracite) from Australia and Russia surged, helpin...

    Indonesian, Australian coal remain directionless in China seaborne market

    2019-08-16 11:48:08 Import & Export,  International,  Thermal Coal sxcoal.com

    Trends of Indonesian and Australian thermal coal remained murky in the largest import market of China, and prices of major grades hav...

    Russian steel group Mechel expects debt repayment deal soon

    2019-08-16 10:09:38 Company,  Cost & Profit,  International reuters.com

    Russian coal and steel producer Mechel expects to reach an agreement with its main creditors in the near future about pushing back it...

    Coal may be dying, but growth in the seaborne market says not yet: Russell

    2019-08-16 08:59:56 Viewpoint,  International reuters.com

    The prevailing market view on coal is that the industry is now facing terminal decline, as renewables and natural gas displace the po...

    S. Korea Jul anthracite coal imports dip 1.23% on mth

    2019-08-16 08:34:24 Import & Export,  International sxcoal.com

    South Korea's anthracite coal imports dipped 1.23% from a month ago in July, yet it was 3.74% higher than a year prior, the latest cu...

    Whitehaven Coal posts record profit, flags higher costs

    2019-08-15 17:11:45 Company,  Cost & Profit,  International reuters.com

    Whitehaven Coal Ltd on August 15 reported a record full-year 2019 underlying profit and a bumper dividend that beat expectations, alt...

    Brazil regulator pushes back deadline to close dangerous tailings dams

    2019-08-15 16:14:30 International,  Iron Ore miningweekly.com

    Brazil's mining regulator on August 12 extended the deadlines by up to four years for closing many dangerous tailings dams like the o...

    Fitch raises 2019 iron ore price forecast, but says price will weaken beyond 2020

    2019-08-15 13:50:12 Viewpoint,  International,  Iron Ore miningweekly.com

    Consultancy firm Fitch Solutions has raised its iron ore price forecast for this year from $80/t to $90/t. The firm says...

    S. Korea Jul met. coke imports up 4.92% on mth

    2019-08-15 12:04:49 Import & Export,  International sxcoal.com

    South Korea's coke imports picked up in July with a 4.92% increase from a month earlier, after falling for three consecutive months, ...

    China's import thermal coal market stays wobbly; outlook diverges

    2019-08-15 11:44:47 Import & Export,  International,  Thermal Coal sxcoal.com

    Chinese import thermal coal market stayed wobbly, with deals still lacking vitality amid lackluster buying appetite. Yet outlook dive...

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    Editors Recommendations

    1 Weekly global coal market news summary (Aug 12-Aug 16) 2019-08-18

    India's Jun coal import rises 29% to 24 mln T India's coal imports increased by 28.7% to 24.14 million tonnes in June on the back of softening of non-coking coal prices in the international m

    2 Chinese thermal coal prices expected to stabilize and rebound 2019-08-16

    In the past two weeks, Chinese thermal coal prices continued to fall at northern transfer ports. When players are worrying the market will move down further, the prices have finally stabilized.

    3 China Coal Daily Track (Aug 16) 2019-08-16

    Thermal coal Production area About 15 miners adjusted down their prices this week in Shaanxi's Yulin, mainly by 10-20 yuan/t. One miner even slashed its prices by 60 yuan/t. Demand from do

    4 Chinese thermal coal market begins stabilizing; traders hold up sales 2019-08-16

    Chinese domestic spot thermal coal market started stabilizing from half-a-month falling. Most traders expected the market to pick up soon and many of them held up sales for better prices.

    5 Indonesian, Australian coal remain directionless in China seaborne market 2019-08-16

    Trends of Indonesian and Australian thermal coal remained murky in the largest import market of China, and prices of major grades haven't found strong support as tepid buying and high stockpiles from

    6 China thermal coal market shows signs of stabilizing after declines 2019-08-16

    Thermal coal market seemed showing signs of stabilizing at northern Chinese ports these days in the wake of fortnight declines, mainly backed by increased inquiries and improved sentiment.

    7 Coal may be dying, but growth in the seaborne market says not yet: Russell 2019-08-16

    The prevailing market view on coal is that the industry is now facing terminal decline, as renewables and natural gas displace the polluting fuel. The problem is the facts don't quite fit the narrativ

    8 Shanxi's de-capacity campaign will have limited effect on coke supply, insiders 2019-08-15

    Shanxi aims to cut coke production capacity by about 40 million tonnes per annum (Mtpa) in 2019-20, to control its total coke capacity within 147.68 Mtpa, according to a document issued by the prov

    9 Chinese steel production curbed, backing prices 2019-08-15

    Steel production has been constrained in China, partly as environmental departments asked mills to trim output to improve air quality and partly as some mills voluntarily produced less to uphold price

    10 China Coal Daily Track (Aug 15) 2019-08-15

    Thermal coal Production area Coal sales remained dull in Shaanxi's Yulin even after several rounds of price declines. Miners were poised for further price cuts to whet buying interest.

    Most Read News Stories

    1 Allegiance Coal to broaden coal business in Canada and US 2019-08-16

    Australia's energy giant Allegiance Coal has been longing to broaden metallurgical coal business in Canada and the US. The company has been going on with a project in Telkwa, Brit

    2 Russian Mechel signs annual coking coal supply contracts with Chinese steel majors 2019-08-12

    Mechel, one of the leading Russian mining and metals companies, signed annual contracts for coking coal supplies with two Chinese steel giants, the company said on its website. The supply

    3 Shandong: Almost all coal mines halt operation for typhoon Lekima 2019-08-12

    Most coal mines suspended mining operations on August 11 in eastern China's Shandong province to ensure safety during the transit of typhoon Lekima to the province, said the provincial coal mine safet

    4 CHN Energy ranks first among top 50 Chinese coal producers 2019-08-13

    State-owned China Energy Investment Corporation (CHN Energy) ranked first among top 50 coal producers in China based on output in 2018, and the energy giant saw coal output reach 524.13 million tonnes

    5 China to strengthen safety checks at coal mines 2019-08-13

    China is about to launch a series of safety checks at coal mines over late-August to the end of September, in a bid to snuff out any production loopholes and prevent calamities, National Coal Mine Saf

    6 Australian Pacific Coal mulls options after regulator bars mine extension 2019-08-13

    Australian Pacific Coal said on August 13 it was considering its options after a state regulator refused to extend the life of a mothballed coal mine, partly due to a lack of information around the pr

    7 China Jul raw coal output down 3.34% MoM, NBS 2019-08-14

    China's raw coal production fell in July from an over 3-year high of 333.35 million tonnes a month earlier, data showed from the National Bureau of Statistics (NBS) on August 14. Even tho

    8 Ganqimaodou Jul coal imports up 4.62% MoM 2019-08-16

    Ganqimaodou, an inland hub for China-Mongolia coal transportation, saw a month-on-month growth of 4.62% in coal imports in July, statistics data showed. It imported 1.73 million tonnes of

    9 Shaanxi registers highest natural gas output among Chinese provinces 2019-08-15

    Northwestern China's Shaanxi province churned out 24.8 billion cubic meters of natural gas in the first half of the year, ranking first among main production bases, showed official data.

    10 China Shenhua expects H1 net profit to grow 5% on yr 2019-08-12

    China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp., expected to see its net profit attributable to shareholders grow 5% from a year ago to 24.2 billion yuan ($3.43 billion)

    Most Read Analysis & Comments

    1 China Jul coal imports at 2nd highest this yr; tighter curbs expected 2019-08-09

    China's coal imports reached a six-month peak of 32.89 million tonnes in July, only second to 33.5 million tonnes in January this year when large volumes of the fuel cleared customs following newly re

    2 Chinese ports tighten coal import control for non-local buyers, sources 2019-08-08

    Some southern China ports have halt customs clearance for non-local coal importers, sources said, possibly as they don't have enough quotas for the rest months this year. Customs authorit

    3 Indonesian thermal coal prices may hit bottom, traders 2019-08-07

    Indonesian thermal coal prices may have already touched the lowest level following a spate of decreases since early July, traders suspected, as miners seemed to have no leeway to compromise.

    4 Indonesian thermal coal prices further soften amid waning demand 2019-08-09

    Indonesian thermal coal prices further weakened in China's seaborne import market, where traders and utilities showed poor buying appetite due to volatile Chinese yuan and customs restrictions.

    5 China spot thermal coal outlook dims on worries of waning buying 2019-08-05

    The short-term outlook continued to deteriorate for China's spot thermal coal market, as participants generally worried the summer demand peak could come to an end alongside onset of autumn this week.

    6 China spot thermal coal extends downside; negative factors to further bite 2019-08-06

    Spot thermal coal market has been on a downward trajectory at northern China ports since late last week, with prices of most-active 5,500 Kcal/kg and 5,000 Kcal/kg NAR grades further diving down to er

    7 Weekly China thermal coal market analysis and forecast 2019-08-06

    Spot thermal coal prices were divided at northern China ports last week, with low- and mid-CV coals trending up further amid tight supply while high-CV grades heading lower because of poor demand. The

    8 Typhoon and rainstorms affect thermal coal handling at N China ports 2019-08-13

    Thermal coal loadings have been affected greatly at northern China ports since last weekend, disrupted by Typhoon Lekima and consequent torrential rains. Both inbound rail deliveries and

    9 China's import thermal coal market set for a new week of downside 2019-08-13

    China's seaborne import thermal coal market is set for a new week of declines, as power producers' buying appetite seemed to be subduing amid high inventory and low consumption, in addition to import

    10 Indonesian low-CV coal falls below $40 CFR China 2019-08-12

    CFR price of Indonesian 3,800 Kcal/kg NAR coal, the most favored grade for Chinese utilities, has dropped below the $40/t threshold late last week following seven sessions of declines. On

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