Indonesia, the world's largest exporter of thermal coal, plans to build 14 dedicated coal terminals in the islands of Kalimantan and Sumatra in a bid to curb illegal coal exports, a government official said Monday. Around 50 million-60 ...
Tags: thermal coal, coal terminals
Sentiment in India following the general elections appears bullish, boding well for the Indonesian thermal coal market, but there is no near-term catalyst being seen to drive Chinese demand up, sources said Friday. "It would still require ...
Tags: Thermal Coal, Mineral
The Chinese thermal coal market is seeing some positive fundamental trends in the near term, helped by coal investment cuts, production declines and a slowdown in imports, even as seasonal weakness is expected to weigh on the market, an ...
Tags: Thermal Coal, Coal
Despite shutdown of nuclear power plants, Japan is not expected to raise its thermal coal imports significantly over the next five-seven years, as existing coal-fired power plants are running at high rates and new facilities are still on ...
Tags: Thermal Coal, nuclear power plants
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
US miner Arch Coal on Tuesday cut its 2014 met coal sales guidance by 1 million short tons, to 6.3-7.3 million st, as shipments and pricing remain weak for the foreseeable future. Arch, in its quarterly earnings statement, said it expects ...
Tags: Soft Market, Arch Coal, miner
US Powder River Basin 8,800-Btu/lb thermal coal for May delivery closed 20 cents higher at $13.05/st on Wednesday, the highest level for the front month since November 23, 2011, when the price closed at $13.75/st. PRB 8,800 physical May ...
Tags: thermal coal, coal production, PRB basin
US over-the-counter thermal coal prices changed little Thursday, as competing natural gas futures got a boost from end-of-season gas storage stocks falling to 822 Bcf, a level not seen since 2003. The increased consumption of gas this ...
Tags: natural gas, gas, Metallurgy, Mineral, Coal
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 ...
Australia's New Hope Corporation Tuesday reported an 11.3% year-on-year fall in thermal coal production to 2.7 million mt in the half year ended January 31. The drop in production was attributed to the planned closure of its New Oakleigh ...
Central Appalachian thermal coal spot prices closed mixed Monday, with the April barge contract rising 70 cents/st and the rail-delivered (CSX) April contract falling 15 cents/st. The front-month river-rail spread widened to $3.85/st, up ...
Tags: Coal Spot, thermal coal, SPOT MARKET
Seaborne prices at China's southern ports searched for direction in thin Asia trade Monday as currency and freight issues for the most part precluded deals in the CFR South China market, said traders. The Platts/Fenwei CFR South China ...
Tags: Thermal Coal, China market, weaker currency
Chinese buyers refrained from meeting the delivered-price expectations of seaborne cargo sellers in unsettled Asian trade Friday, as weak fundamentals in the domestic market prolonged a week-old standoff between buyers and sellers, said ...
Tags: China Cargo Market, coal producer, thermal coal market
Coal shipments to South Korea from Port Waratah Coal Services' terminals at the Australian port of Newcastle slumped 55% from January to 993,000 mt in February, the company said Thursday. The drop comes after Port Waratah's terminals ...
Tags: Coal Imports, Newcastle Port, Coal shipments
Bearish sentiment blanketed the Indonesian thermal coal market Wednesday amid reports of price discounting by major Chinese coal producers to their domestic customers, said traders. A medium-sized Indonesian coal producer said he expected ...
Tags: Thermal Coal Market, Deal-Making