
Coal News & Price Data – July 25, 2023 – Met Coal Price Update
Australian metallurgical coal prices were stable, while CFR China strengthened on higher domestic & increased interest in prompt cargoes.

Australian metallurgical coal prices were stable, while CFR China strengthened on higher domestic & increased interest in prompt cargoes.

Bidders in the auction for BHP’s Blackwater and Daunia, are vying to attract five Japanese commodities houses to join their ranks.

European natural gas prices rose 3.9% as traders considered extreme heat and concerns over reduced Russian fuel supplies.

Chinese President Xi Jinping made it clear that China will not allow its path to curb emissions to be dictated by others.

BHP is open to selling its coal mines separately, potentially allowing Whitehaven Coal to bid for the Daunia mine without raising equity.


After a partial closure due to environmental management non-compliance the Port of Richards Bay has resumed its operations.

Asian metallurgical coal prices saw significant declines in Q2, with PLV Hard Coking Coal falling by 22.3% quarter on quarter to $233/mt.

China increased permits for new coal power plants in 2022, with local governments approving permits for 106 GW of new coal-fired capacity.

Latest EIA Energy Outlook reveals coal output expected to decline by 4.19% y/y to 572.2 mst in 2023, surpassing an earlier projection.

Alliance Coal (ARLP) has started the construction of the Henderson County Coal Mine, a multi-million-dollar operation in Kentucky.

The dry bulk shipping market is expected to face challenges in the third quarter due to China’s sluggish economic recovery and weak commodity demand.