Coal News & Price Data – December 29, 2023 – Weekly Met Market Summary
December 29, 2023
During the holiday season, activity in the Australian seaborne prime hard market was limited, PLV Hard Coking Coal prices were $323.75/mt
Author: The Coal Trader
Coal Market Thoughts to End the Year
December 20, 2023
Benchmark PLV prices have been recently consolidating above $300/mt. Cyclone Jasper caused a price spike to $335 early in its development
Coal News & Price Data – December 20, 2023 – China Handles Cold Snap with Ease
December 20, 2023
Severe cold weather across various regions in China has led to record-high electricity and gas demands, challenging the energy supply
Coal News & Price Data – December 19, 2023 – The Red Sea Transit Situation
December 19, 2023
Key Asian shipping and commodity firms are reviewing their Red Sea transit strategies due to escalating risks
Coal News & Price Data – December 18, 2023 – Nippon Steel to Buy US Steel
December 18, 2023
Nippon Steel plans to acquire U.S. Steel for $14.9 billion, an offer that represents a significant premium
Coal News & Price Data – December 15, 2023 – Met Market Weekly Summary
December 15, 2023
Australian metallurgical coal prices dropped this week due to an influx of offers from traders and selling activity from end-users
Developing Thesis for 2024
December 14, 2023
I’m developing a new macro perspective on the global economy that deglobalization is wrong or basically irrelevant
Coal News & Price Data – December 14, 2023 – Another Accident in Shanxi Closes Multiple Mines
December 14, 2023
An accident at Huajin Coking Coal’s Shaqu No.1 mine in Shanxi, China, on December 13 resulted in three fatalities and one injury.
Coal News & Price Data – December 13, 2023 – December Coal Supply in China Resilient
December 13, 2023
December coal mining in China has remained resilient despite safety checks and winter weather, as per China Railway Corp’s data
Downgrading Thermal
December 12, 2023
I’m going to kick this off by reiterating my avoidance call on all thermal coal, that is US domestic and seaborne thermal.
Coal News & Price Data – December 12, 2023 – Indian Domestic Production up 13% YoY
December 12, 2023
India’ is boosting its domestic coal production to reduce reliance on imports and satisfy increasing demand
Coal News & Price Data – December 11, 2023 – Strikes threaten BHP’s Coking Coal Operations
December 11, 2023
Safety operators at BHP’s coking coal mines are considering strike action, with voting on underway and the ballot closing on December 20