Coal News & Price Data – March 8, 2024 – Weekly Met Market Summary
March 8, 2024
Australian metallurgical coal spot offers approach $300/t FOB floor amid declining steel prices in India. Asia explores alternatives…
Author: The Coal Trader
CONSOL Trade/Positioning
March 8, 2024
On February 24, I published the following technical analysis on CONSOL, you can see it here:
Coal News & Price Data – March 7, 2024 – Newcastle Prices Surge to Yearly Highs
March 7, 2024
Pacific Basin coal prices surged to their highest levels of the year due to concerns over tightening supply amid efforts to avoid Russian coal
Coal News & Price Data – March 6, 2024 – Steel Sector Demand Seen Waning
March 6, 2024
China targets 5% GDP growth in 2024, with measures including $541 billion in bonds and easing foreign investment restrictions.
Met Market Update
March 5, 2024
Premium low vol hard coking coal prices have pulled back toward $300/mt, but they’re holding up fairly well compared to iron ore and HRC
Coal News & Price Data – March 5, 2024 – Adaro Energy Update
March 5, 2024
Indonesian miner Adaro Energy plans to sell 65-67 million metric tons (mt) of coal in 2024, slightly higher than in 2023
Coal News & Price Data – March 4, 2024 – Russian Exports Struggle Amid Sanctions and Duties
March 4, 2024
Russian coal exports decline in 2024 due to sanctions and logistical challenges. Recent US sanctions affect 20% of exports
Coal News & Price Data – March 1, 2024 – Weekly Met Market Summary
March 1, 2024
Australian metallurgical coal prices face downward pressure due to weak demand and moderately improving supply.
Alpha Post-Earnings Thoughts
February 29, 2024
Alpha is the largest met producer in the US, and the dominant player in Central Appalachia.
Coal News & Price Data – February 29, 2024 – South32 sells Illawarra Metallurgical Coal for $1.65 Billion
February 29, 2024
South32 sells Illawarra metallurgical coal project to Golden Energy and Resources (GEAR) and M Resources for $1.65 billion.
Coal News & Price Data – February 28, 2024 – Futura Resources Commences New Met Mine
February 28, 2024
Futura Resources commenced operations at its Wilton coal mine in Queensland’s Bowen Basin. The mine, along with its sister mine Fairhill…
Coal News & Price Data – February 27, 2024 – Thermal coal markets show signs of support
February 27, 2024
Low-CV thermal coal demand in Asia remains stable, driven by strong Chinese buying amid high domestic prices