• Weekly global coal market news summary (Nov 20-Nov 24)

    sxcoal.com Price,  Import & Export,  Production & Sales 2023-11-24 17:22:53

    Newcastle thermal coal prices strengthen on coal-exit protest

    Newcastle thermal coal prices continued to rise, nearing the psychological level of $130/t, driven by supply concerns as protest calling for coal exit is set to blockade the world's largest coal port.

     

    Indonesia to start coal levy collection in Jan, coking coal excluded

    Indonesia plans to start collecting levies from coal miners beginning in January in an effort to maintain steady domestic supply, Minister of Energy and Mineral Resources Arifin Tasrif said on Novembe

     

    Mongolia's coal exports hit record 60 Mt

    Mongolia has exported 60 million tonnes of coal, with 40 days left until the end of 2023, hitting a historical high, local media reported.The volume surpassed the government's initially projected 50 m

     

    India's power demand surge drives coal imports

    The rapidly increasing power consumption in India, driven by growing industrial and residential usage, led to a surge in coal imports for thermal power plants.Domestic thermal power utilities with a c

     

    Russian coal exports to China could reach 100-102 Mt in 2023

    Russian coal exports to China could reach 100-102 million tonnes in 2023, roughly a 50% increase compared with the year-ago level, Pyotr Bobylev, department director of Russian Energy Ministry, said o

     

    S Africa's coal export prices go higher by logistics challenges

    Thermal coal exports from South Africa have been impacted by logistical constraints, which could bolster prices ahead of the winter season, Montel reported, citing industry experts.Vinesh Chetty, head

     

    Germany's coal exit plans come under question as energy crunch bites

    Germany's commitment to phase out coal by 2030 is facing growing doubts, as the largest economy in Europe has become vulnerable to energy crisis since it cut Russian gas due to the conflict in Ukraine

     

    Russia Jan-Oct coal output up 0.3 YoY; exports rise 3.9%

    Russia churned out 360.4 million tonnes of coal in January-October 2023, reflecting a slight increase of 0.3% or 1.2 million tonnes on the year, according to the country's energy ministry.Coal exports

     

    Indonesia unveils $20 bln plan to mobilize energy transition

    Indonesia started a plan on November 21 to tap $20 billion from global financing to help decarbonize its power sector, Reuters reported.The funds were pledged by the U.S., Japan and other developed gl

     

    Transnet halts coal truck at Richards Bay terminal amidst congestion

    South African state-owned logistics giant Transnet announced the suspension of coal truck processing at its Richards Bay terminal in a bid to address the chaotic influx of trucks and restore operation

     

    (Writing by Rebecca Liu  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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