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    Weekly global coal market news summary (Feb 18-23)

    sxcoal.com General,  International 2024-02-23 16:21:50

    Newcastle thermal coal prices extend gains to 3rd day amid supply cut talk in China

    Newcastle thermal coal prices rose for a third consecutive day on February 22 as traders factored in the safety movement in China, which may result in a drop of domestic supply and more imports.The mo

     

    Review: S Korea Jan coal imports jump over 8% on lower prices

    South Korea's coal imports for January increased more than 8% year on year, thanks to a drop in global prices, customs data showed.The country imported 11.52 million tonnes of coal in January, up 8.11

     

    Review: India coal imports fall for second month in Dec, but still above year-ago level

    India's coal imports experienced a second consecutive monthly decline in December 2023, although the figure was substantially higher than the year-ago level. Total coal imports for the full calendar y

     

    Indonesia Feb thermal coal reference prices in mixed trends

    The HBA (Harga Batubara Acuan), or Indonesian Coal Price Index, showed mixed trends across its sub-indexes in February, according to the Ministry of Energy and Mineral Resources (ESDM).The HBA for 6,3

     

    Indonesia's coal exports start 2024 on firm footing, Kpler

    Indonesia's thermal coal exports are expected to rise by nearly 25% in the first two months of 2024, setting the pace for another record year of shipments, according to cargo-tracking data from Kpler.

     

    Teck to finalize coal unit sale to Glencore by Q3

    Teck Resources Ltd, a leading Canadian mining company, is poised to finalize the sale of its steelmaking coal unit to Glencore no later than the third quarter of 2024, Reuters reported, citing CEO Jon

     

    Coal India to establish new production capacity as power demand rises

    Coal India Limited, the country's largest coal miner, plans to increase production capacity to meet growing domestic demand for the fuel, the company's chairman said.India has burned more coal for pow

     

    Canada's NDP bill calls for ban on thermal coal exports as output surges

    Canada's NDP environment critic Laurel Collins presented her own bill on February 14 to ban Canada's thermal coal exports, local media reported.Canada's thermal coal exports reached an eight-year year

     

    Cheaper S African thermal coal prices boost Indian demand

    India observed a rise in preference for South African thermal coal in recent months, as cost-conscious buyers turned to attractive offers from the major exporter, local media reported.The ongoing Red

     

    Mongolia Jan coal exports down for 2nd mth, MCGA

    Mongolia's coal exports totaled 6.59 million tonnes in January 2024, surging 3.06 million tonnes or 86.66% year on year, according to the latest data from the Mongolian Customs General Administration

     

    (Writing by yan.sun  Editing by Harry Huo)
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