Weekly global coal market news summary (May 6-May 10)

sxcoal.com General,  International 2024-05-10 17:03:36

Asian heatwave spurs Newcastle thermal coal prices

Newcastle thermal coal futures have maintained an upward trajectory since late April, propelled by soaring demand from Asian countries grappling with sweltering heat.On May 6, the June contract closed

 

Indonesian thermal coal prices rise on strong demand

A string of deals on May 9 solidified the upward trend in the Indonesian thermal coal market at a time when China's domestic market continued to increase, market sources noted.May-loading Panamax carg

 

Int'l thermal coal market extends increase on robust demand

The international thermal coal market continued to move upward last week, mainly backed by growing demand from Southeast Asian countries and a positive demand outlook in the peak summer season among C

 

Mongolia Apr coking coal e-auctions hit new high; spot prices improve post holiday

Mongolian coking coal auctions on the Mongolian Stock Exchange (MSE) notched the highest level in April since the first trading began in February 2023, despite partial cargoes being aborted.Totaling 4

 

India Mar coal production and power generation reach record highs

India's coal production and power generation hit record highs in March this year, as local miners and utilities ramped up production to avoid fuel shortages and power outages witnessed in the past two

 

Indonesia's PTBA on track to lift coal output to 60 Mt by 2026

PT Bukit Asam Tbk (PTBA), a state-owned coal producer in Indonesia, is poised to ramp up its annual production to 60 million tonnes by 2026, as the government has approved its three-year Work Plan and

 

Review: Indonesian Mar coal exports up 4.76% MoM, 40% flows to China

Indonesia's coal exports in March increased for the second straight month, reaching a new high for this year, but still lower than the same period last year.In March, Indonesia's coal exports hit 46.1

 

Review: S Africa Mar coal exports jump on mth; half goes to India and Vietnam

South Africa's coal exports in March jumped over 17% compared with the previous month, while increased only moderately on a year-on-year basis, customs data showed, driven by growing demand from India

 

Vietnam's top coal miner boosts sales to power plants amid soaring demand

Vietnam Industry Coal and Mineral Industries Group (Vinacomin), the country's top coal producer, said it had significantly increased coal sales to power plants to catch up with soaring energy demand a

 

EIA raises expectations for U.S. coal exports in Apr and May

Coal exports in the United States are projected to rise in April and May compared with last month's forecast as a result of the higher-than-expected exports of metallurgical coal in February and the c

 

China rises to top Australian coal export destination in Apr, Kpler

Coal exports from Australia picked up by 0.54% year on year to 28.34 million tonnes in April, which were 3.87% lower than the month-ago level, according to cargo tracking data from Kpler.For the first

 

Mongolian coal exports dip 3.8% on mth, MCGA

Mongolia's coal exports totaled 24.43 million tonnes over January-April 2024, increasing 28.27% from the year-ago level, according to the latest data from the Mongolian Customs General Administration

 

(Writing by yan.sun  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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