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Source: S&P Global, June 25, 2019

China's May thermal coal import rises 35...

China imported 20.68 million mt of thermal coal in May, up by about 19.3% from April and 34.8% from a year ago, according to the coal import data released by the General Administration of Customs on Sunday.

Register Now  According t... Continue reading

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Source: Montel, June 25, 2019

Coal market faces 25mt overhang in 2019...

“The seaborne coal market is potentially at its highest level of oversupply since 2016,” said Rodrigo Echeverri, head of research for Noble Resources, at a Coaltrans conference in Bali. 

He attributed the glut to lower i... Continue reading

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Source: The Economic Times, June 25, 2019

Noble Group sees lower coal prices for n...

Commodity trader Noble Group sees thermal coal prices coming under pressure over the next few years given an oversupply and waning demand from Europe where natural gas and renewables are gaining a greater market share, analyst Rodrigo Echeverri sa... Continue reading

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Source: Livemint, June 25, 2019

CIL’s relaxed production target still lo...

While the start to the fiscal year has been sluggish, Coal India Ltd (CIL) has not shied away from setting ambitious production targets. It expects to ramp up production to one billion tonnes by FY25. In FY19, it produced about 606 million tonnes... Continue reading

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Source: Business - Standard, June 25, 2019

India buying more US coking coal after d...

India is buying more US coking coal after disruptions in top supplier Australia, and as US miners seek new markets due to declining demand from America's steel industry, an executive at Xcoal Energy & Resources India said on Monday.

... Continue reading

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Source: Argus Media, June 25, 2019

Indonesian physical coal prices hold ste...

Details of deals were slow to emerge, with bids for July-loading geared supramax GAR 4,200 kcal/kg cargoes largely unchanged at around $35/t compared with around $34.50-35.50/t for much of last week. Most offers were also unchanged from late last... Continue reading

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