Coal News & Price Data – September 22, 2023 – India to Burn 40% More Coal
September 22, 2023
India’s plans to add 25-30 GW of thermal power on top of 49 GW already under construction, resulting in 40% more coal burn.
Tag: Australia
Coal News & Price Data – September 21, 2023 – Chevron Foresees Prolonged LNG Deadlock
September 21, 2023
Chevron hasn’t reached an agreement with unions regarding strike action at the Gorgon and Wheatstone LNG facilities.
Met Producer Share Price Action
September 19, 2023
In terms of metallurgical coal equity share price action, it has been pretty exciting to say the least as they’ve rallied.
Met Market Update
September 19, 2023
Why is met rallying? Supply has become incrementally tighter and demand coming out of the summer doldrums is picking up again.
Coal News & Price Data – September 15, 2023 – Peak Downs Suspended
September 15, 2023
Haul truck operations at Peak Downs might be suspended for two more weeks after two trucks slid over 100 meters during an overnight shift.
Coal News & Price Data – September 14, 2023 – Low Water Levels on Mississippi River Disrupting Shipments
September 14, 2023
Low water levels in the Mississippi River led to a 57% drop in Gulf Coast coal shipments, only six ships left in the week ending Sept. 10.
Coal News & Price Data – September 13, 2023 – EIA Coal Update
September 13, 2023
The EIA has raised its 2023 total coal production outlook to 583 million short tons, a slight increase from August’s estimate.
Coal News & Price Data – September 12, 2023 – South Korea to limit Russian Imports
September 12, 2023
South Korean government urged power companies to reduce their imports of Russian coal, particularly through spot market transactions.
Coal News & Price Data – September 11, 2023 – Met Coal Prices Continue Higher
September 11, 2023
Asian metallurgical coal prices rose due to increased buying interest. Bids for October-loading coal ranged from $276-$290/mt FOB Australia.
Coal News & Price Data – September 8, 2023 – Strike Commences at Chevron’s LNG Plants
September 8, 2023
Approximately 500 workers from a coalition of the Australian unions, initiated a three-week strike at Chevron’s LNG plants.
Coal News & Price Data – September 7, 2023 – India’s Thermal Supply & Demand Increases
September 7, 2023
Weak monsoon rainfall in India has led to a decline in hydropower generation, increasing reliance on coal-fired power.
Met Market Update
September 6, 2023
US domestic met coal market is currently facing several challenges, with the UAW strike looming on the horizon.