
Coal News & Price Data – April 8, 2024 – Shanxi Production Cuts
The 2024 Shanxi Province Coal Production and Stable Supply Work Plan confirms acoal output decrease of 50 million tons from 2023

The 2024 Shanxi Province Coal Production and Stable Supply Work Plan confirms acoal output decrease of 50 million tons from 2023

Steel prices are pretty dismal. There’s clearly an oversupply in Asia, Europe and North America.

China’s imports of coking coal from all origins during January-February 2024 totalled 17.89 million tonnes, logging a jump of 36.5% on year

Fitch Ratings, a prominent international credit rating agency, has updated its financial price forecasts for iron ore and coking coal

Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices.

Decline in Australian coking coal prices can be attributed Weak global steel demand

According to S&P Global, Australian coking coal quotations (FOB Australia) fell by 11.7% over two weeks in March (March 1-14) to $270.9/t

Bearish: Premium PLV Hard Coking Coal benchmark prices were down $12/my to $251/mt on Wednesday, March 20, 2024.

Turkey has experienced a significant increase in coking coal imports in January, as evidenced by the latest data.

Prices for Australian metallurgical coal in China that have been weakening since early February have slid further in the past few days

Overnight in Asia, coking coal prices continue to sell off, with PLV down another $1 from Friday to $270/mt.

China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner.