
Coal News & Price Data – November 28, 2023 – Another Mining Accident in China
Eleven people lost their lives in a coal mine accident in China’s Heilongjiang province.

Eleven people lost their lives in a coal mine accident in China’s Heilongjiang province.


Australian metallurgical coal prices are experiencing volatility due to competing interests in a market with pockets of opportunistic demand.

Yuan Wenjiong, CEO of Dao Fortune, believes expectations for the Chinese steel market for 2024 may be corrected in a more positive direction

In October 2023, China experienced fluctuations in coal imports, with coking coal reaching 7.98 million tons, showing a YoY increase of 28.5%

Top meeting were held focusing on safety in China, investigating hidden risks, and preventing major accidents.

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.

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