Safety operators at BHP’s coking coal mines are considering strike action, with voting on underway and the ballot closing on December 20
Asian metallurgical coal market showed stability with limited trading activity.
US metallurgical coal exports stood at 3.91 mmt, down 5% on a daily average basis compared to September but up 13% YoY.
China’s metallurgical coal stocks decreased in early December, signaling increased demand from end-users restocking
The Bureau of Meteorology upgraded a low-pressure system off the Queensland coast to Tropical Cyclone Jasper, a category one system
Coal India Ltd reported a coal output of 66 million tons, marking an 8.7% year-on-year increase and an 8% month-on-month increase.
Coal production and logistical bottlenecks are expected to increase spot market activity for metallurgical coal
India is reinforcing its commitment to increased coal-fired power generation ahead of COP28.
There has been a notable increase in coal mine accidents in China, at least 57 accidents have occurred in 2023, resulting in 160 deaths.
Eleven people lost their lives in a coal mine accident in China’s Heilongjiang province.
Australian metallurgical coal prices are experiencing volatility due to competing interests in a market with pockets of opportunistic demand.
Yuan Wenjiong, CEO of Dao Fortune, believes expectations for the Chinese steel market for 2024 may be corrected in a more positive direction