Coal News & Price Data – October 27, 2023 – Met Coal Weekly Summary
October 27, 2023
Australian metallurgical coal prices have seen a small rally, influenced by factors like supply tightness and market tactics.
Tag: Australia
Coal News & Price Data – October 23, 2023 – South32 Met Production Falls 18%
October 23, 2023
Australian mining company South32 experienced an unexpected 18% decline in first-quarter metallurgical coal production.
Coal News & Price Data – October 20, 2023 – Met Coal Weekly Summary
October 20, 2023
The interest in seaborne metallurgical coal in China is waning due to a slowdown in steel production and sustained losses in steelmaking.
Coal News & Price Data – October 19, 2023 – Indian Coal Inventories Drop
October 19, 2023
In first half of October, coal stocks at power plants in India experienced a rapid depletion, dropping by 12.6% to 20.58 million tonnes.
Coal News & Price Data – October 16, 2023 – China’s Coal Production Outlook
October 16, 2023
China’s coal production is projected to continue growing this year, albeit at a slower pace due to increased emphasis on cleaner energy.
Coal News & Price Data – October 13, 2023 – Metallurgical Coal Market Summary
October 13, 2023
Seaborne buying interest for CFR China basis increased due to tight domestic met coal supply and higher Q4 prices for domestic PLV.
Coal News & Price Data – October 10, 2023 – Start of an Indian Infrastructure Boom?
October 10, 2023
India’s crude steel output for January-September increased14% compared to the previous year, mainly due to infrastructure growth.
Coal News & Price Data – October 9, 2023 – TECK Confident in Sale to JSW
October 9, 2023
Teck CEO Price expressed confidence in the company’s stake sale to India’s JSW despite geopolitical tensions between Canada and India.
Reasons for the Metallurgical Coal Rally
October 5, 2023
Metallurgical coal markets continue to rally. Front-month (Oct ‘23) is at $362/mt, whereas long-term prices are currently in the $280’s:
Coal News & Price Data – October 5, 2023 – China’s Coal Production to Slow in 2023
October 5, 2023
China’s coal production growth is anticipated to slow in 2023 due to increased safety checks following a surge in fatal coal mine accidents.
Coal News & Price Data – September 29, 2023 – Metallurgical Coal Weekly Update
September 29, 2023
Atlantic met coal market is experiencing notable price increases, particularly for Premium High Volatile Coking Coal (HCC).
Coal News & Price Data – September 25, 2023 – Met Mine Fire in Guizhou Province Claims 16 Lives
September 25, 2023
A coal mine accident in Guizhou province, China, claimed 16 lives after a conveyor belt caught fire, trapping workers underground.