
Coal News & Price Data – November 17, 2023 – Met Market Weekly Summary
Australian seaborne metallurgical coal prices increased for the second consecutive trading day following a sell-side tender at $326.77/t.

Australian seaborne metallurgical coal prices increased for the second consecutive trading day following a sell-side tender at $326.77/t.

Three fatal accidents in as many days have led to mining suspensions in Shanxi, a major coal-producing province in China.

France has embraced nuclear power as a green energy source, aiming to build six new reactors and considering an additional eight.

Australian metallurgical coal prices dropped up to $54.00/t in a week due to ample prime hard spot availability and competitive alternatives.

India’s steel industry executives gathered in Delhi to discuss ways to reduce carbon emissions. Indian Met Coke Reliance to Increase

Chinese steelmakers are facing a dilemma as steelmaking margins have been in the negative for over five weeks

The average operating rate of blast furnace (BF) steel mills decreased by 0.44 percentage points to 90.94% last week

Chinese premium metallurgical coal prices were steady in early November, driven by soft coke prices and sustained demand from end-users.

China is facing an oversupply of coal, with robust domestic production and surging imports creating a glut in the market.

Shaanxi, one of the top three coal-producing bases in China, summoned major miners in the province in an effort to ensure mining safety

Australian metallurgical coal prices have seen a small rally, influenced by factors like supply tightness and market tactics.

Australian mining company South32 experienced an unexpected 18% decline in first-quarter metallurgical coal production.