China Coking Coal hits 13-mth Peak on Firmer Demand, Tighter Supply

Chinese coking coal futures climbed to their strongest in more than a year on Wednesday as Beijing’s flexible approach to industrial production curbs fueled demand with supply restrictions also supporting the steelmaking raw material. The rally in coking coal spread to iron ore, which rose to a seven-month peak, and coke which jumped nearly 2
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India is hit by an intense coal crisis this festival season with average coal stock at power plants dropping to six days in October, from nine days in September. While coal is in short supply for more than a year now, it is arguable if the situation was as bad in the recent past. The
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The slowdown in Australian thermal coal trade to China is resulting in shipments of off-specification coal traveling longer distances to Europe and even Africa, according to an analysis of shipping data from cFlow, Platts trade flow software. “What is happening in China is having an impact further west,” a market source said. “There is some
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China’s coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply. Total arrivals last month fell 12 percent from August to the lowest since May at 25.14 million tonnes, data from the General Administration of Customs showed.
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Fourth-quarter Pacific basin thermal coal prices will likely average 8% more than forecast last month, due to the prospect of strong Chinese demand and limited Australian output, economic analysis firm FocusEconomics said. It estimated Asia-Pacific benchmark Newcastle prices to average USD 105/t in October-December, up from a forecast of USD 97/t a month ago but
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China’s Dalian coke futures jumped more than 4 percent on Wednesday as investors worried about tighter supplies after the major coal mining province of Shanxi vowed to reduce annual coke output. The northwestern province on Tuesday pledged to cut coking capacity and coke production, as part of its long-term campaign against air pollution. Coke producers
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NEW DELHI: India’s coal import increased substantially by 35 per cent to 21.1 million tonnes (MT) in September, as against 15.61 million tonnes in the corresponding month previous fiscal. The rise in imports comes at a time when the captive power plants in the Country are grappling with the issue of coal shortages. “The increase
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The price of steelmaking raw material coking coal jumped nearly 6 percent in China on Monday and coke rose more than 4 percent, buoyed by worries over tighter supply amid longer production curbs as investors returned after a week-long public holiday. The city of Handan in the smog-prone Hebei province issued a draft winter output
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Australia’s competition regulator said on Monday the Port of Newcastle must reduce its charges for ships entering the port to carry coal for Glencore , in a big win for the global miner. The Australian Competition and Consumer Commission said Port of Newcastle Operations Pty Ltd (PNO) should cut its current rate by about 20
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Australia’s metallurgical coal and iron ore export volumes are forecast to rise and prices to fall over the next two years, the country’s Office of the Chief Economist said. Metallurgical coal earnings are tipped to fall 3.8% in the current fiscal year to A$36 billion ($25 billion), weighed down by softer global prices, the office
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