China’s Coal-Fired Future
October 8, 2023
It’s important to think about Chinese policy and ask ourselves why their actions don’t quite line up with their rhetoric.
Tag: China
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 28, 2023 – Glencore Considers Job Cuts in S. Africa
September 28, 2023
Glencore & Seriti to potentially cut jobs in South Africa due to challenges faced by Transnet, in transporting coal.
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.
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.
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 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.