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China's seaborne import thermal coal market saw a quiet day on November 6, with few trades concluded for Indonesian or Australian cargoes, sources said.
Offers for November-loading geared
Chinese downstream users generally shrugged off high-priced spot cargoes despite a lingering structural supply shortage, in anticipation of the government's price limit as the benchmark 5,500 Kcal/kg
The latest derailment accident on Daqin railway has interrupted rail coal delivery and caused a mild rise of inventory at some large coking coal mines in Shanxi.
This may not impact the m
China's power consumption in the fourth quarter is expected to increase 6% on a year-on-year basis, a higher speed extending from the 5.8% rise in the third quarter, said China Electricity Council (CE
Australian coal exports to China from Gladstone climbed up in October from a month earlier, but remained the second lowest this year, showed the latest data from Australia Gladstone Ports Corporation.
Chinese metallurgical coke market continued with another two rounds of price rally in October, adding up to five consecutive rises since early August, fueled by supply tightness compounded by a swift
Indonesian low-calorific value (CV) thermal coal prices slightly moved downward in the Chinese seaborne import market, in spite of some supportive factors, sources said on November 5.
The
Chinese power plants began taking a wait-and-see stance after upward strength showed signs of tapering in the spot thermal coal market in the middle of this week.
The spot market seems at
Prices of primary coking coal further ticked up 20-50 yuan/t in northern China's Shanxi province in early November, backed by tight domestic supply which was aggravated by decreased inflows of Austral
Thermal
coal
Production
area Spurred by the continuous rise at northern
ports and rail stations, coal prices increased 10 yuan/t at some mines in Inner
Mongolia on November 4, but there we
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Mongolia's coking coal exports to China will enjoy a 50% tariff reduction after Mongolia acceded to the Asia Pacific Trade Agreement (APTA) as its seventh member.
According to the agreeme
China has notified to ban imports of seven categories of Australian products including coal, effective November 6, several foreign media reported on November 3.
These banned products incl
Mongolia will lower export tariff of coking coal to China by 50% effective January 1 next year, as part of its commitment in the Asia-Pacific Countries Trade Agreement, yet it may have little impact o
Brazilian miner Vale expected the global seaborne metallurgical coal market will rebound in the fourth quarter, amid continued recovery in global industrial and construction activities, coupled with t
Thermal coal suppliers at northern Chinese ports were mostly prudent about the latest price pickups, doubting the underlying strength.
In spite of rising market sentiment amid port supply
Indonesian low-calorific value (CV) thermal coal prices edged down in the Chinese seaborne market at the beginning of this week, another thinly-traded session when buyers held back purchasing awaiting
Mongolia's recent shortage of diesel supply has quickly pushed up truck freight rates and slowed coal shipments to its largest importer China, market sources said. This raised concerns over coking coa
A new rail line has lately completed construction in an effort to boost coal transport from northern China's production bases to the eastern province of Shandong.
The Huangda (Huanghua-Da
Sentiment in China's thermal coal market was further up at the beginning of this week, along with persistent structural shortage of low-sulfur cargoes at northern ports and concerns after another dera
With sentiment fueled by continued tight supply, more Chinese metallurgical coke producers called for a sixth price rally at the start of the week.
One Changzhi-based coke producer in Sha
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