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Weekly global coal market news summary (Apr 8-Apr 12)

sxcoal.com General,  International 2024-04-12 16:18:04

Int'l thermal coal market lacks strong incentives to move upward

International thermal coal prices sustained the weakness last week, with no prominent supportive factors showing around. The prices growth in high-calorific value (CV) cargoes notably contracted, whil

 

Indonesian thermal coal prices face downward risk from lower tender offers

Indonesian spot thermal coal prices are likely to move downward, pressed by lower offers for tenders released by Chinese power utilities.On April 11, a Fujian-based utility closed a tender for several

 

Global thermal coal trades expected to fall in the next five years, REQ

Global thermal coal trades are anticipated to broadly decline over the next five years, yet with mixed trends in different nations, according to the Resources and Energy Quarterly issued by Australia'

 

Indonesian coal producers underperform in 2023 amid price decline

Indonesian coal companies experienced substantial decreases in their net profits last year, mainly due to the decline in coal prices, according to their annual reports of late.PT Adaro Energy Indonesi

 

India doubles new coal-fired power capacity in 2023

India added 5.5 GW of new coal-fired power capacity in 2023, doubling the capacity added in 2022, according to the Global Energy Monitor's annual survey,.Last year also marked the lowest rate of coal

 

South Africa's coal industry faces regulatory scrutiny amid calls for sustainability

South Africa's coal industry is facing increasing regulatory scrutiny as concerns mount over environmental sustainability and compliance with air-quality standards.The industry, long regarded as a cor

 

Russian Railways aims for record coal transport via Eastern Polygon in 2024

Russian Railways has set ambitious targets for coal transportation via the control section of the Eastern Polygon in 2024, aiming to deliver 111 million tonnes throughout the year, according to a TASS

 

Mongolian coal exports rebound in Mar, MCGA

Mongolia's coal exports totaled 17.66 million tonnes over January-March 2024, increasing 28.14% from the year-ago level, according to the latest data from the Mongolian Customs General Administration

 

Russia Mar seaborne coal exports down 8.1% on mth, Kpler

Russia's seaborne coal exports declined 8.11% month on month to 10.86 million tonnes in March 2024, according to Kpler's cargo-tracking data.The volume was also 29.81% lower compared with the same mon

 

(Writing by yan.sun  Editing by Harry Huo)
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