
Coal News & Price Data – December 8, 2023 – Weekly Met Summary
Asian metallurgical coal market showed stability with limited trading activity.

Asian metallurgical coal market showed stability with limited trading activity.

India’s coking coal imports in November 2023 rose by 19% m-o-m to 4.88 million tonnes on India’s soaring industrial needs

China’s metallurgical coal stocks decreased in early December, signaling increased demand from end-users restocking

State-owned Coal India Limited (CIL) is set to boost its coal transportation network by completing several railway projects by 2025

India’s thermal coal imports in October 2023 picked up by 6% YoY to 160.8 million tonnes in January- November 2023

Central Coalfields (CCL) announced plans to expand its annual production capacity to 200 million tons in the next five years.

The Bureau of Meteorology upgraded a low-pressure system off the Queensland coast to Tropical Cyclone Jasper, a category one system

Coal India Ltd reported a coal output of 66 million tons, marking an 8.7% year-on-year increase and an 8% month-on-month increase.

Coal production and logistical bottlenecks are expected to increase spot market activity for metallurgical coal

India is reinforcing its commitment to increased coal-fired power generation ahead of COP28.

Despite increased domestic steel production, Chinese steel prices came out lowest in October, at just $564 and $581 per ton.

India aims to add 17 gigawatts of coal-based power generation capacity in the next 16 months