
Asia thermal coal imports hit record but supply keeps prices muted
Asia’s imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand

Asia’s imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand

From the perspective of the European natural gas market, winter is over as the region’s mild weather has left supplies plentiful

Mainly driven by peak winter demand period from Chinese buyers, Asia’s seaborne thermal coal imports rose to a record high in December 2023

Nippon Steel President Eiji Hashimoto said that despite opposition the company is still confident of completing the acquisition of U.S. Steel.

Australian thermal coal exports rose by 13% y-o-y to 199.48 mnt in CY’23 as against 176.89 mnt in the same period last year

Indonesia raised its coal output target for 2024, although projections of a steep increase in domestic consumption could curb exports

Chinese prices of coking coal are seen softening this month amid a mild glut, as expected declines in hot metal output weigh on demand

China’s crude steel output may stay at its current high levels or even rise marginally in 2024 thanks to stimulus-fuelled demand growth

From 2021 to 2023, China’s production of high-quality coal has been consistently increasing, resulting in a high level of domestic supply

Australian coking coal exports dropped 4% y-o-y to 147.84 million tonnes (mnt) in CY’23 as against 153.48 mnt in CY’22

The blast furnace capacity utilization rate among Chinese steel producers had fallen for the 10th consecutive week to 81.59%

India’s consumption of petroleum coke will likely rise in 2024 on easing of Venezuelan sanctions & growing cement consumption