Coal Market News

Indonesia's Dec HBA thermal coal price falls 7.5% on year to $94.04/mt

13 Dec 2017 | Source: Platts

Indonesia's Ministry of Energy and Mineral Resources set its December thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $94.04/mt, falling 7.5% year on year and down about 0.8% from November.

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Javelin, Uniper and Blackjewel form JV, buy Noble Group's US coal business

13 Dec 2017 | Source: Platts

A joint venture formed Tuesday by Javelin Global Commodities, Uniper Global Commodities and producer Blackjewel has bought Noble Group's US coal business.

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November price fluctuation in financial markets

13 Dec 2017 | Source: globalCOAL

Prompt ICE Coal Futures prices for all three hubs fell in November, with the Newcastle contract experiencing the most dramatic drop, of US$9, mid-month. Prices firmed as the month progrssed however, with most of the losses recouped by month-end.

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China Coal Buying Spree Lifts Prices Across Asia on Winter Chill

12 Dec 2017 | Source: Bloomberg

Coal prices from Australia to China have advanced as the world’s largest energy user boosts imports and burns more of the fuel used for electricity generation and heating amid freezing temperatures. Futures on the Zhengzhou Commodity Exchange cl....

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India government favors petcoke import ban, U.S. would be biggest loser

12 Dec 2017 | Source: Reuters

India’s government is in favor of banning imports of petroleum coke on environmental grounds, according to a government affidavit filed with the country’s top court, which could be a big blow to U.S. refiners who export heavily to the country. Th....

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Vietnam fails to export 2 mil mt of coal to China due to technical barriers

12 Dec 2017 | Source: Platts

Vietnam was unable to export 2 million mt of coal to China this year as the latter set strict specification for mercury, arsenic, phosphoric, chlorine and fluorine content in imported coal, according to a Vietnam Ministry of Industry and Trade's lett....

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BHEL commissions coal-fired power plant in Indonesia

12 Dec 2017 | Source: Economic Times

State-run BHEL today announced commissioning of a 54 MW coal-fired captive power project in Indonesia. The 3x18 MW power project located at Sangatta, East Kalimantan, Indonesia has been set up by BHEL for PT Citra Kusuma Perdana (PT CKP) for the....

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Adani says will 'adjust to constraints' after Australia coal loan veto

12 Dec 2017 | Source: Economic Times

Indian conglomerate Adani Enterprises said on Tuesday it would "adjust" to any constraints placed on its A$16.5 billion ($12.4 billion) coal mine project in Australia after seeing a government loan vetoed by the Queensland state premier.

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China’s Anti-Pollution Efforts Get a Reality Check

11 Dec 2017 | Source: Bloomberg

China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid north....

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Shipping Costs are Surging Globally, Squeezing Grain Traders

11 Dec 2017 | Source: Bloomberg

Booming rates to ship iron and coal are giving grain traders a migraine. The cost of moving pretty much every dry-bulk commodity -- from fertilizer to salt to rocks -- has surged since July, lifting the London-based Baltic Exchange’s main freigh....

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