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    Weekly steel market news summary (May 20-May 24)

    2019-05-27 10:57:07 Production & Sales sxcoal.com

    UK's 2nd biggest steel firm in bankruptcy British Steel, the second largest steel firm in the UK, British Steel Ltd was ordere...

    Weekly natural gas market news summary (May 20-May 24)

    2019-05-27 10:55:41 General,  Import & Export,  Production & Sales,  Resource sxcoal.com

    China Apr LNG imports up 35% YoY, GAC China's liquefied natural gas (LNG) imports registered a surge of 35.1% from a year ago ...

    Rains hit Vale's Moatize coal operation in Q1 2019

    2019-05-24 11:45:02 Company,  Production & Sales,  International miningweekly.com

    Brazilian mining group Vale has reported that heavy rains significantly reduced production at its Moatize coal operation, in the Tete...

    Fenwei thermal and coking coal survey on May 23

    2019-05-24 11:23:02 Production & Sales,  Thermal Coal,  Coking Coal sxcoal.com

    Coal industry consultant Fenwei Energy Information Services surveys thermal and coking coal mines in northern production provinces ea...

    Corsa Coal updates US coal mines production targets

    2019-05-24 10:13:33 Company,  Production & Sales,  International sxcoal.com

    Corsa Coal Corp., a Canadian premium quality metallurgical coal producer, has recently revised production targets for coal mines unde...

    China synthetic ammonia capacity sags 6.4% in 2018

    2019-05-24 09:17:55 Production & Sales sxcoal.com

    China posted a 6.4% year-on-year decrease in synthetic ammonia production capacity in 2018, showed official data, indicating an ease ...

    Thailand's Banpu Public to produce 47.7 Mt of coal this yr

    2019-05-24 08:31:28 Company,  Production & Sales,  International sxcoal.com

    Banpu Public Company Limited, a Thailand-based energy company, is about to produce 47.7 million tonnes of coal this year, sources rep...

    Hancock Prospecting to fully take over Grassy met coal project

    2019-05-23 18:59:13 Company,  Production & Sales sxcoal.com

    Hancock Prospecting Pty Ltd., a privately owned Australian mining company, is going to become a real owner of Grassy Mountain metallu...

    Japan Apr crude steel production down 4.8% MoM

    2019-05-23 17:13:39 Production & Sales sxcoal.com

    Japan registered a month-on-month decline of crude steel production in April, showed the data from Japan Iron & Steel Federation....

    Colombia coal production up 6.5% YoY in Q1

    2019-05-23 15:53:31 Production & Sales,  International reuters.com

    Colombia, the world's fifth-largest exporter of coal, produced 20.9 million tonnes of the fuel in the first quarter, up 6.5% from the...

    Guangdong: muggy weather pushes up power demand

    2019-05-23 11:15:44 Production & Sales sxcoal.com

    Muggy weather since May has been ramping up electricity demand in southern China, with economic hub Guangdong province seeing a surge...

    SW China shale gas block daily output breaks 10 mln cu m

    2019-05-23 10:59:02 Production & Sales sxcoal.com

    Daily shale gas output has punched up through 10 million cubic meters at a pioneering well in southwestern China's Sichuan province, ...

    Indonesia govt rejects calls for DMO reduction, source

    2019-05-23 10:06:36 Policy,  Production & Sales,  International sxcoal.com

    The Indonesian government reportedly rejected calls from miners for a reduction in the Domestic Market Obligation (DMO) that requires...

    China steel majors enjoy stronger sales in Apr

    2019-05-23 08:58:35 Production & Sales sxcoal.com

    Leading Chinese steel firms registered a 6.32% rise year on year in steel products sales in April, showed official data. ...

    Shanxi Jan-Apr raw coal output rises

    2019-05-22 16:50:25 Production & Sales sxcoal.com

    Northern China's Shanxi province witnessed a year-on-year growth in its raw coal production over January-April, official data showed....

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    Editors Recommendations

    1 Indonesian thermal coal prices drift lower despite recovering demand 2019-05-27

    Indonesian thermal coal prices edged lower late last week in China's seaborne import market even though some state-owned power groups started a new round of purchase. The most-traded 3,80

    2 China's thermal coal to head for 2nd downside week, traders 2019-05-27

    China's spot thermal coal market is heading for a second straight downside week, as most participants predicted coal prices would likely further sag along with sustained weak purchase from coastal pow

    3 Weekly steel market news summary (May 20-May 24) 2019-05-27

    UK's 2nd biggest steel firm in bankruptcy British Steel, the second largest steel firm in the UK, British Steel Ltd was ordered into bankruptcy liquidation on May 22. The company w

    4 Mongolia green lights Aspire's coal reserve estimates 2019-05-27

    Metallurgical coal developer Aspire Mining has received the thumbs up from the Mongolian Mineral Reserve Council, which approved the total ore reserves estimate for its Ovoot Early Development Project

    5 China Apr coking coal exports surge 61.2 pct on yr, GAC 2019-05-27

    China saw its coking coal exports shoot up 61.2% year on year in April, bucking a downtrend for total coal exports, official data showed. Exports of coking coal reached 0.2 million tonnes

    6 Chinese miners report stagnating thermal coal sales 2019-05-27

    Thermal coal sales lulled at some mines in Chinese key production bases last week, putting prices under pressure after reaching a plateau. Traders were less willing to deliver thermal coa

    7 Weekly global coal market news summary (May 20-May 24) 2019-05-24

    China's import thermal coal prices to further weaken, traders Prices of overseas thermal coal are poised to further weaken in Chinese seaborne import market in the days ahead even though the

    8 China's power groups plea for thermal coal price decrease; NDRC responds 2019-05-24

    China's six leading power groups requested the nation's top economic planner to mediate and help lower thermal coal prices again in order to alleviate their cost burden, said market sources familiar w

    9 China Coal Daily Track (May 24) 2019-05-24

    Thermal coal Production area Coal production increased in Shaanxi's Yulin after a batch of private mines resumed operation. Some miners were also in preparation of production resumption. A few

    10 China spot thermal coal market continues to be lackluster 2019-05-24

    Chinese spot thermal coal prices have been falling in fits and starts for weeks, as demand from end buyers was tepid for most of the time though deals were concluded sporadically. The Fen

    Most Read News Stories

    1 Canada Ridley Apr coal exports slide 10.5pct on yr 2019-05-20

    Coal exports of Canada's Ridley Terminals posted a year-on-year decrease of 10.5% in April, showed the latest data. The volumes came in at 0.57 million tonnes, down from 0.64 million tonn

    2 Weekly China coal market news summary (May 20-May 24) 2019-05-24

    China Apr thermal coal imports down nearly 14.6% on yr China's imports of thermal coal (bituminous and sub-bituminous coal) dropped 14.56% year on year in April, showed data from the General Admi

    3 China Apr LNG imports up 35% YoY, GAC 2019-05-24

    China's liquefied natural gas (LNG) imports registered a surge of 35.1% from a year ago in April, latest customs data showed on May 23. China imported 4.54 million tonnes of LNG last mont

    4 China Apr thermal coal imports down nearly 14.6% on yr 2019-05-24

    China's imports of thermal coal (bituminous and sub-bituminous coal) dropped 14.56% year on year in April, showed data from the General Administration of Customs on May 23. April thermal

    5 China coal supply and demand basically balanced in Apr, NDRC 2019-05-20

    China saw coal supply and demand in rough balance during April, the country's top economic planner said in a news briefing on May 17. By May 8, China's key power plants held 77.56 million

    6 Full-blown trade war will push world toward recession - Morgan Stanley 2019-05-21

    A collapse of U.S.-China trade talks and hike in tariffs on Chinese goods would push the world economy toward recession and see the Federal Reserve cut U.S. interest rates back to zero within a year,

    7 India's thermal coal output seen growing 4.3% annually till 2028: Report 2019-05-22

    Fitch Solutions on May 21 said India's thermal coal output is projected to grow at an average annual rate of 4.3% by 2028. "In absolute volume terms, China and India will have the largest

    8 Indian power utilities' Apr thermal coal imports surge 71.35% YoY 2019-05-21

    Indian power utilities' thermal coal imports saw a year-on-year surge in April, according to data from India Central Electricity Authority (CEA). The utilities imported 6.39 million tonne

    9 Fenwei thermal and coking coal survey on May 23 2019-05-24

    Coal industry consultant Fenwei Energy Information Services surveys thermal and coking coal mines in northern production provinces each day to track prices and capacity utilization. On Ma

    10 Australian state leader calls for timeline on Adani coal mine approvals 2019-05-22

    Australia's Queensland state premier on May 22 called for India's Adani Enterprises to sit down with the state regulator to work out a definitive timeline to obtain approvals for a controversial coal

    Most Read Analysis & Comments

    1 Falling Chinese yuan dampens domestic buying appetite for import coal 2019-05-14

    Chinese buying interest for overseas thermal coal subdued, due to the fall of Chinese yuan triggered by the suspension of China-US trade negotiations after the U.S President Donald Trump raised tariff

    2 Chinese traders expect a weaker spot thermal coal market this week 2019-05-13

    Chinese traders anticipated thermal coal prices to weaken at northern China's Bohai-rim ports this week following stableness in the past week. Utilities' buying appetite has stayed lukewa

    3 High cost to limit downside room for China thermal coal 2019-05-15

    Spot thermal coal prices are less likely to drop much at northern China ports, underpinned by firm cost and expectations for pre-summer stockpiling. It is more likely for spot price

    4 Growing inventories stir worries over thermal coal price trend at N China ports 2019-05-20

    Steadily growing thermal coal inventories at coastal utilities and northern transfer ports were souring traders' confidence in the short-term market, as demand from end buyers would likely further go

    5 Indonesian thermal coal prices soften on lack of demand 2019-05-16

    Offer prices of Indonesian spot thermal coal cargoes edged down amid a lack of demand from Chinese buyers rattled by the falling Chinese yuan caused by US-China trade rift. One Zhejiang-b

    6 Import thermal coal comes under pressure amid poor China demand 2019-05-17

    Following further decline of Chinese yuan amid escalation of US-China trading rift, import thermal coal prices edged lower late this week, and will probably remain under pressure in the short term, tr

    7 A 3rd round met coke price hike looms in China amid tight supply 2019-05-16

    Several producers in Jiexiu of Shanxi have proposed to increase met coke price further by 50 yuan/t on the back of active trading. The new offer of Quasi Grade I coke with 0.7% sulfur and

    8 China's railway freight cuts spur concerns on spot thermal coal retreat 2019-05-16

    Concerns over possible retreat of spot thermal coal prices were growing among participants at Bohai-rim ports in northern China, after several railway branches under the China Railway Corporation (CRC

    9 Indonesian thermal coal price drops quicken, outlook bleak 2019-05-23

    Decline of Indonesian thermal coal prices gathered pace in China's seaborne import market, along with depreciating Chinese currency and utilities' lukewarm buying. On May 22, the Fenwei C

    10 China import thermal coal loses ground under weeklong pressure 2019-05-21

    China's import thermal coal prices are losing ground as pressure is mounting alongside weeklong depreciation of Chinese yuan. On May 20, the Fenwei CCI index for Indonesian 3,800 Kcal/kg

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