Coal Market News

Coking coal at $160/mt expected for Q2 and Q3 benchmarks: FBR

23 Mar 2017 | Source: Platts

Coking coal industry reference prices in the second and third quarters of 2017 may end up close to current spot prices, with a growing sense of market stability after a peak in prices seen at the end of last year, US investment bank FBR said Friday.

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Indian power utilities' Apr 2016-Feb 2017 thermal coal imports fall 20% on year

22 Mar 2017 | Source: Platts

Indian power utilities imported 60.38 million mt of thermal coal over April 2016-February 2017, down almost 20% year on year, according to data released by the Central Electricity Authority, seen by S&P Global Platts Tuesday.

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Mitsubishi says it may sell stakes in Australia thermal coal mines

22 Mar 2017 | Source: Nasdaq

TOKYO, March 22 (Reuters) - Japanese trading company Mitsubishi Corp <8058.T> may sell stakes in Australia thermal coal mines as it presses on with a switch to core assets such as coking coal after slumping to its first-ever annual loss last year, a ....

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Tightening supply supports near record thermal coal prices

21 Mar 2017 | Source: Reuters

China's thermal coal prices rose to the highest level since mid November due to tightening supply, shrugging off concerns that prices will fall after policy makers delay introducing radical production controls.

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Sea change as CIF ARA thermal coal market shifts to bilateral trading

20 Mar 2017 | Source: Hellenic News

An increasing number of physical deals are taking place bilaterally in the CIF ARA and South African Richards Bay thermal coal markets, resulting in a significant shift away from the traditional screen and voice-brokered traded environment, numerous ....

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Japan’s Power Producers to Face China Coal Pain After Steel

15 Mar 2017 | Source: Bloomberg News

First it was Japan’s steelmakers, now it’s the nation’s power producers that are set to pay for China’s coal policies.

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Mitsubishi Taps Rothschild for Australia Mine Stake: Sources

15 Mar 2017 | Source: Bloomberg News

Mitsubishi Corp., Japan’s biggest trading house, has hired Rothschild to sell its minority stake in an Australian thermal coal mine, according to people with knowledge of the matter.

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China thermal coal rallies to 2014 highs, defying expectations

14 Mar 2017 | Source: Nasdaq

BEIJING, March 14 (Reuters) - China's thermal coal prices have jumped to their highest in years on Tuesday, amid fresh concerns about tighter supplies and robust demand even as winter draws to an end and a government meeting renewed speculation that ....

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Tightening supply supports near record thermal coal prices

14 Mar 2017 | Source: Reuters

China's thermal coal prices rose to the highest level since mid November due to tightening supply, shrugging off concerns that prices will fall after policy makers delay introducing radical production controls.

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UK Jan thermal coal imports fall 79% on-year to seven-month low

13 Mar 2017 | Source: Platts

The UK's imported 141,670 mt of thermal coal in January, plunging 79% year on year and 77% from December to a seven-month low, according to customs data received Monday.

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Prairie to deliver low cost coal to Europe

13 Mar 2017 | Source: World Coal

A study conducted by CRU confirms Debiensko’s premium hard coking coal will have large pricing and cost advantages when selling to steel makers across Central Europe and wider EU.

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Outlook 2017: Themes to watch in 2017 for the Asia thermal coal market

12 Jan 2017 | Source: Platts

Volatility is the watchword for the thermal coal market in 2017 following a turbulent 2016 when Beijing's self-imposed production constraints fuelled a massive rise in thermal coal prices right across the Asian seaborne market in the second half of 2....

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Atlantic thermal coal derivative volumes up 13% on year in 2016: LEBA

12 Jan 2017 | Source: Platts

Traded volumes of Atlantic market thermal coal derivatives rose 13% on the year in 2016 to 3.42 billion mt, with the year being the first that Australian globalCOAL Newcastle futures were included in the total, according to data Wednesday from the Lo....

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Coal price rise a $770m Australian bonus for Peabody

11 Jan 2017 | Source: The Australian Business

Increased coal prices have bankrupt US miner Peabody Energy expecting a $US562 million ($767m) Australian windfall from its previously loss-making mines

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US west coast thermal coal cargoes primed for Korean market: sources

11 Jan 2017 | Source: Platts

US thermal coal shipped from the Pacific Ocean-facing Westshore coal terminal in Vancouver, Canada could be setting sail for South Korea in the next few months to pose a direct challenge to Indonesian shipments, market sources said Tuesday.

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One more Trump coal threat for Australia

11 Jan 2017 | Source: MacroBusiness

I don’t think the US exporting thermal coal to Asia is likely. But it is one more Trump risk for Australian coal that I was reminded of when I saw the latest EIA coal charts

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US coal exports higher in November, including China-bound cargoes

10 Jan 2017 | Source: Platts

US coal exports totaled 5.95 million mt in November, up 34.8% from the prior month and up 39.2% from the year-ago month, US Census data showed Friday.

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Indonesia’s January HBA thermal coal price slumps 15% on month

09 Jan 2017 | Source: Hellenic News

Indonesia’s Ministry of Energy and Mineral Resources set its January thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $86.23/mt, falling 15.2% from December and recording its first drop in seven months.

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China's miners gamble on spot coal despite Beijing pressure

05 Jan 2017 | Source: Reuters

* Coal mines hope prices stay strong as output slow to rise * Miners agree some fixed-price deals with utilities for 2017 * But keeping most 2017 output available for spot market * Spot prices already down from highs, highlighting strategy....

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US west coast thermal coal cargoes primed for Korean market: sources

04 Jan 2017 | Source: Platts

US thermal coal shipped from the Pacific Ocean-facing Westshore coal terminal in Vancouver, Canada could be setting sail for South Korea in the next few months to pose a direct challenge to Indonesian shipments, market sources said Tuesday.....

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Top Indian Steel Mill Aims for Record Output on Infrastructure

04 Jan 2017 | Source: Bloomberg

India’s biggest steelmaker plans to increase production to a record high to meet expected demand from Prime Minister Narendra Modi’s push to invest in infrastructure.

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Turkey Nov thermal coal imports jump to new high of 3.57 million mt

04 Jan 2017 | Source: Hellenic News

Turkey’s November bituminous thermal coal imports increased 35.1% year on year and 20.6% from October to 3.57 million mt, the highest since S&P Global Platts records began in January 2013, according to data from the Turkish statistical Institute (TUI....

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