Coal News & Price Data – July 5, 2023 – New LNG Storage Hub
July 5, 2023
Novatek’s first floating transfer hub for LNG arrived in the Russian Arctic after a journey from South Korea & will export LNG to Europe.
Tag: Coking coal
Coal News & Price Data – June 30, 2023 – Stratospheric Wind Anomaly
June 30, 2023
QBO wind anomaly is developing over the Equator, which will impact winter weather along with the El Nino event in the upcoming 2023/2024 Winter season
Coal News & Price Data – June 28, 2023 – North America at Risk of Energy Shortfalls
June 28, 2023
North American Electric Reliability Corporation (NERC) warns that two-thirds of North America could face electricity supply shortages this summer due to increased demand for cooling during high temperatures.
Note on Met Coal & Steel Markets
June 27, 2023
With Australian PLV trading at a premium to CFR China, the arbitrage for Australian coal into China remains firmly closed.
Coal News & Price Data – June 27, 2023 – Pleasants Power Station
June 27, 2023
Omnis Global Technologies in talks to convert West Virginia’s Pleasants Power Station, one of the state’s largest coal plants, into a clean energy facility powered by hydrogen.
Coal News & Price Data – June 26, 2023 – Tornado Hits NARM
June 26, 2023
A tornado struck the North Antelope Rochelle Mine during shift change, resulting in eight injuries and no fatalities
Coal News & Price Data – June 23, 2023 – Fitch Ratings Update
June 23, 2023
Fitch Ratings has revised its global metals and mining assumptions, resulting in reduced short-term prices for copper, aluminum, zinc, and thermal coal.
Steel & Met Market Update
May 24, 2023
Construction weakness & seasonal influences in China & overcapacity of steel production and oversupply of finished steel the country.
Q1 ’23 Steel Market Overview
April 7, 2023
Q1 ’23 Steel Market Overview – And implications for Met Coal
Metallurgical Coal Market
February 21, 2023
Metallurgical coal prices have been flying again, touching $390/mt (according to Platts, PLV Low Vol FOB Australia) overnight.
BHP Anticipates Lower Coking Coal Production in 2022-23
February 7, 2023
BHP forecasts lower production for BMA coking coal in 2022-23 due to weather disruptions and a longwall move. BMA saw rise in coal sales but faces threats from royalty rate increase.