Coal Market News

Japan's trading houses offload thermal coal assets amid climate concerns

21 Jun 2017 | Source: Reuters

TOKYO, June 13 Japanese trading houses including top-ranked Mitsubishi Corp are offloading thermal coal assets on growing concerns about the fuel's environmental impact, in a move also reflecting a shift in their focus to the more profitable coking c....

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Focus on converting thermal coal into coking coal: Minister

19 Jun 2017 | Source: Hellenic News

Union Steel Minister Chaudhary Birender Singh on Thursday said the ministry is hoping to replace 25-30 per cent of coking coal required for producing steel by converting thermal coal into coking coal.

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Taiwan April thermal coal imports hit six-month high at 6.24 mil mt

19 Jun 2017 | Source: Platts

Taiwan imported 6.24 million mt of thermal coal in April, down 1% on the year but up 17% from March to a six-month high, customs data showed Friday.

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Atlantic May thermal coal derivative volumes fall 55% on-year: LEBA

15 Jun 2017 | Source: Platts

May traded volumes of Atlantic market thermal coal derivatives fell 55.3% year on year to 129.55 million mt, which was up 19.9% from April's record low, according to data from the London Energy Brokers' Association (LEBA) Tuesday.

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CalSTRS agrees to divest non-U.S. thermal coal assets

13 Jun 2017 | Source: Reuters

The California State Teachers’ Retirement System board voted unanimously on Wednesday to divest from non-U.S. thermal coal, affecting a very small fraction of the public pension fund's portfolio.

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Cheaper Solar in India Prompts Rethink for Coal Projects

13 Jun 2017 | Source: Bloomberg

India’s coal-power plant developers are growing more pessimistic about their projects after a plunge in the cost of electricity from solar panels improved the economics of renewable energy

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China Coal Giant Awaits Rio Response to Glencore's Rival Bid

13 Jun 2017 | Source: Bloomberg

China’s Yanzhou Coal Mining Co. is holding fire on a counteroffer for Rio Tinto Group’s Australian coal assets as it waits to hear if Glencore Plc has succeeded in trumping the deal it struck six months ago.

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Is coking coal pricing moving away from quarterly benchmarks?

12 Jun 2017 | Source: mining.com

Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.

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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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