Met Coal Futures Hustle into October
October 1, 2024
A quick rundown of global metallurgical coal markets heading into Q4…
Category: news
Flurry of Deals Push Met Market Higher
September 25, 2024
Australian coking coal prices are continuing their upward momentum, driven by some (finally!) robust trading activity and slightly improving market sentiment. The physical market has now seen multiple deals concluded at prices above previous index levels, while futures prices on the Singapore Exchange (SGX) are also moving up in concert…
Thermal Coal Markets Run As Met Retracts
August 13, 2024
There has been a huge shift in momentum from the met coal side to the thermal coal side over the last few weeks as we reported in our $CEIX earnings preview last week. And having just returned from the West Virginia Coal Association’s Annual Meeting at the Greenbrier, I can confirm that attitudes are cautiously optimistic about a solid back half of the year…
Coal News & Price Data – August 2, 2024 – API 2 Thermal Rises as Met Tries to Stabilize
August 2, 2024
A rundown of the week’s news and price assessments…
Fire Extinguished at Grosvenor Coal Mine, Anglo American CEO Confirms
August 1, 2024
Anglo American announced that the fire at the Grosvenor coal mine in central Queensland is believed to be extinguished…
Q2 Earnings Preview – HCC
July 31, 2024
A walk through our Q2 estimates for HCC relative to expectations…
Coal News & Price Data July 25, 2024 – Russian Coal Shipments Down, But Met Prices Continue to Slide
July 24, 2024
Met coal prices are down again, but by less as the deceleration continues leading into August as market participants wait on their saviors in India…
Coal News & Price Data July 23, 2024 – Met Prices Soften Further as China Steel Exports Climb
July 23, 2024
Met coal prices continue to weaken, but have finally begun to decelerate as we approach August and the return (hopefully) of Indian end users to the spot market…
Coal News & Price Data July 20, 2024 – Whitehaven Coal Reports Strong Q1 FY24 Production, Successful Integration of Acquisitions
July 20, 2024
Whitehaven Coal reported a solid quarter with saleable coal production coming in at 4.0Mt, while sales of 3.2Mt were impacted by initial rail logistics delays, which have since been resolved…
India Continues to Explore Mongolian Import Options
July 20, 2024
India’s increasing dependence on imported coking coal has led the government to seek to diversify its sources, including exploring imports from Mongolia in a broader strategy to avoid over-reliance on any single country…
Coal News & Price Data July 12, 2024 – German Government Maintains 2038 Coal Phase-Out Despite Push for Earlier Exit
July 12, 2024
The German government, led by Chancellor Olaf Scholz’s coalition, has confirmed it will not advance its coal phase-out deadline from 2038 to 2030, despite previous intentions signaled by the coalition partners…
Anglo Engages Banks for $5 Billion Coal Asset Sale Amid Restructuring Efforts
July 10, 2024
Anglo American has enlisted the expertise of three prominent banks to facilitate the sale of its steelmaking coal operations, valued by analysts at up to $5 billion…