
Coal News & Price Data – January 5, 2024 – Met Market Weekly Summary
Australian prime hard metallurgical coal prices are showing signs of potential increase due to ongoing supply tightness

Australian prime hard metallurgical coal prices are showing signs of potential increase due to ongoing supply tightness

India’s coal production in December increased 10.75% year-on-year to 92.87 million mt, with total production of 684.31 mmt, April to December

US export thermal coal prices are expected decline in 2024 amid mild global demand and poor Domestic market sentiment

During the holiday season, activity in the Australian seaborne prime hard market was limited, PLV Hard Coking Coal prices were $323.75/mt

Severe cold weather across various regions in China has led to record-high electricity and gas demands, challenging the energy supply

Key Asian shipping and commodity firms are reviewing their Red Sea transit strategies due to escalating risks

China’s apparent crude steel consumption is expected to recover by 2% or around 19 million tonnes on year to reach 962 million tonnes in 2024

Nippon Steel plans to acquire U.S. Steel for $14.9 billion, an offer that represents a significant premium

Australian metallurgical coal prices dropped this week due to an influx of offers from traders and selling activity from end-users

An accident at Huajin Coking Coal’s Shaqu No.1 mine in Shanxi, China, on December 13 resulted in three fatalities and one injury.

December coal mining in China has remained resilient despite safety checks and winter weather, as per China Railway Corp’s data

India’ is boosting its domestic coal production to reduce reliance on imports and satisfy increasing demand