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    Weekly global coal market news summary (Dec 18-Dec 22)

    sxcoal.com Import & Export,  Production & Sales 2023-12-22 15:13:07

    Indonesian thermal coal prices under pressure amidst weak demand

    Indonesian thermal coal prices mostly held steady but are likely to soften in the near term, as demand remained anemic from China and India.On December 21, January-loading cargoes for 3,800 Kcal/kg NA

     

    China imports record Mongolian coal in Nov amidst mining accidents

    China experienced a surge in coal imports from neighboring Mongolia last month, reaching an all-time high of 7.89 million tonnes, according to data from General Administration of Customs.The volume so

     

    Australia remains India's primary supplier of coking coal

    Australia continues to be the leading source of coking coal to India, with India receiving 28.01 million tonnes of the steelmaking material from April to November 2023 out of a total of 49.22 million

     

    India aims to wean off coal imports by FY2025-26

    India aims to phase out coal imports completely, starting from brining it down to 2% in the next financial year and totally weaning off by FY2025-26, as an important move towards realizing energy self

     

    Newcastle thermal coal prices fall for 5 days as oversupply concerns bite

    Newcastle thermal coal futures fell for a fifth consecutive session on December 20, dropping below the key $140/t level, as record global supply and softer demand expectations weighed on the market.Th

     

    Indonesia eyes higher coal output in 2024 as domestic demand rises

    Indonesia is targeting coal production of 710 million tonnes in 2024, higher than this year's goal, as the coal-rich country expects more domestic consumption of the fuel to power economic growth.Irwa

     

    Int'l thermal coal prices soften on weak supply and demand

    Global thermal coal market extended the upward trend earlier last week but retreated later as transportation disruptions tightened thermal coal supply and major importers slowed demand.Chinese end use

     

    Indonesia trims Dec thermal coal HBA prices

    The HBA (Harga Batubara Acuan), or Indonesian Coal Price Index, was cut notably for December amid weaker market conditions, according to the Ministry of Energy and Mineral Resources (ESDM).In December

     

    India's gov't to auction 26 coal mines to boost domestic production

    The India's government will conduct the next round of commercial auction for 26 coal mines on December 20, the Ministry of Coal announced on December 18.Of these mines, 12 are located in Madhya Prades

     

    Indonesia finalizes plans to launch coal levy collection agency early next year

    Indonesia's energy ministry has finalized regulations to establish an agency tasked with collecting levies on coal sales from miners to domestic power plants, a senior official said on December 15, wi

     

    (Writing by Rebecca Liu  Editing by Emma Yang)
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