
Coal News & Price Data – February 2, 2024 – Weekly Met Market Summary
Australian seaborne prime hard coal prices declined by $2.00/t on February 2, influenced by lower offers both on-screen and off-screen

Australian seaborne prime hard coal prices declined by $2.00/t on February 2, influenced by lower offers both on-screen and off-screen

India is set to start operating new coal-fired power plants with a combined capacity of 13.9 GW, the highest annual increase in six years

India enters 2024 with a more comfortable electricity supply situation compared to the previous two years…

US coal consumption is projected to decline to 482 million tons in 2024, a 29% decrease from 2019. Exports will make up 19% of total demand

Alliance Resource Partners L.P. (ARLP) reported a decrease in Q4 2023 net income to $115.4 million, falling short of expectations

The BMA acquisition is expected to be completed on April 2, 2024. I continue to believe this acquisition will prove to be a transformational

Let’s start with the big overall trend, and for that we need to think in terms of thermal coal, generally when discussing US coal production.

Met coke demand in the Atlantic Basin increased, with a Turkish steel mill tendering for 30,000 t for end-March loading

Demand for coking coal is increasing as downstream companies actively purchase and replenish raw material inventories.

Australian coal mines are preparing for the impact of Cyclone Kirrily, which is expected to hit Queensland state.

Stanmore Resources reported steady saleable coal production of 3.4 million metric tons (mt) in October-December,

Chinese metallurgical coal prices have stabilized after a recent decline caused by a mining accident in Henan province