Prices in China's domestic thermal coal market slumped dramatically in Monday's Asian trading session as the effect of Shenhua's cut to its thermal coal prices late last week and depressed buying interest among Chinese power plants took a ...
Tags: Thermal Coal, Coal Prices, coal
Uncertainty over the scale of widely-expected price cuts by Chinese coal producers for July domestic cargoes has cast a cloud over the South China market for imported thermal coal, market sources said Tuesday. Because of this, buyers and ...
Tags: Thermal coal, Domestic Cargoes
China's largest coal producer Shenhua Group is trying to persuade traders and utilities to buy more coal in a bid to reduce inventories at ports as relatively high stocks at utilities and robust hydropower production continue to weigh on ...
Tags: Coal Stocks, China's Shenhua
China's coastal coal freight rates are showing signs of stabilizing this week, after falling for three months amid lackluster shipping demand from utilities. As of June 18, the shipping rate for vessels of 50,000-60,000 dwt from ...
Tags: Fenwei Energy, Freight Rates
The Asian seaborne cargo market for 5,500 kcal/kg NAR imported thermal coal was weaker Monday, with bids slipping to about $70/mt CFR South China amid talk Chinese coal producer Shenhua was on the verge of cutting prices. Buying interest ...
Tags: Shenhua Price, CFR China
Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...
Tags: Thermal Coal, Limited Demand
Large Chinese thermal coal miners were dropping their selling prices for domestic 5,500 kcal/kg NAR coal, depressing demand for imported material, sources said Friday. An Indonesia-based trader said that Shenhua had cut its price for ...
Tags: Thermal Coal, power plants
China's Shanghai Shipping Freight Exchange plans to launch dry bulk freight futures contracts on June 18, the first of its kind in the global freight market, SSEFC President Yu Jun said late last week. "Being the first to launch such a ...
China's National Development and Reform Commission (NDRC) has announced that in April of the current year coal shipments by Chinese railways amounted to 178 million mt, down 0.3 percent year on year, while in the January-April period this ...
Tags: Coal Shipments
Freight rates to ship coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou fell for a third straight week, Qinhuangdao port said Tuesday. Rates from Qinhuangdao to Zhangjiagang for ...
Tags: Coal stocks, Qinhuangdao Port
Coal stocks at China's four major Bohai Sea ports totaled 16.359 million mt Sunday, down 654,000 mt or 3.8% week on week, Qinhuangdao Port said Tuesday. Coal stocks at Qinhuangdao Port fell 11.2% week on week to 5.24 million mt, at ...
Tags: Combined Coal, Bohai Sea Ports
Chinese inquiries for imported thermal coal have picked up amid stabilizing domestic prices and lower freight rates, but a wide bid-offer spread continues to deter spot deals, sources said Tuesday. Australian suppliers have raised their ...
Combined coal stocks held by six major power generation companies in eastern and southern China averaged 12.753 million mt in the week ended Tuesday, down 0.1% week on week, Qinhuangdao Port said in a weekly report Thursday. Based on the ...
Tags: Coal Stocks, power generation
Coal stocks at China's four major Bohai Sea ports totaled 17.185 million mt on Sunday, down 600,000 mt or 3.4% week on week, Qinhuangdao Port said Monday. Coal stocks at Qinhuangdao Port fell 9.7% week on week to 5.74 million mt on ...
Tags: Coal Stocks, thermal coal, coal shipments
Softer coastal freight rates for shipping domestic thermal coal from northern to southern ports in China has put seaborne-traded cargoes at a slight price disadvantage, and renewed downward pressure on CFR South China prices, said traders ...