Weekly global coal market news summary (Nov 27-Dec 1)

China's rapid renewables expansion challenges Australian coal exports

China has witnessed a remarkable surge in renewable energy installed capacity in 2023, propelling it ahead of the rest of the world and posing a significant challenge to Australia's future coal shipme

 

Climate activists disrupt cargo handling at Australia's Newcastle port

Climate change activists from Rising Tide disrupted operations at Australia's largest coal export port, Newcastle port, on November 25, Reuters reported, citing the port operator.The 30-hour blockade

 

Indonesia's coal miner PTBA forecasts 2024 Newcastle prices

Indonesian state coal miner PT Bukit Asam Tbk (PTBA) expected Newcastle thermal coal (6,000 Kcal/kg NAR) prices to find support at $130-140/t in 2024 after steep declines this year, as demand graduall

 

South Africa's rail bottlenecks threaten 6th annual drop in coal deliveries

South Africa's ongoing rail bottlenecks pose a threat to coal deliveries to its primary export hub for the sixth consecutive year, warns Exxaro Resources Ltd., one of the nation's largest coal produce

 

India to boost Russian coking coal imports as Australian supplies drop

India is looking to increase imports of coking coal from Russia as shipments from top supplier Australia decline and local steel mills face higher prices, Reuters reported, citing government and indus

 

Russia's China-bound coal exports to reach 100 Mt in 2023

Russia's deputy energy minister Sergei Mochalnikov said Russian coal exports to China will reach 100 million tonnes this year, according to a report on wire service Interfax.Despite the absence of of

 

EU coal port inventory reaches 5-wk high

Coal stocks at northwestern European import terminals notched a five-week high on the back of slower withdrawals and increased vessel arrivals, media reported, citing port data released on November 28

 

Russian coal output up slightly in Jan-Oct, but falls in Oct

Russia's coal production inched 0.7% higher in the first ten months of 2023 from a year earlier to 353 million tonnes, showed data from the country's statistics service Rosstat.During the period, hard

 

Turkey Oct coal imports up 6.8% MoM

Turkey imported 3.88 million tonnes of coal in October this year, up 7.88% from the preceding year and 6.8% from a month earlier, hitting a new high in recent three months, the country's trading stati

 

Indonesian coal production expected to exceed 695 Mt by 2023

Coal production of Indonesia is expected to exceed the official target of 695 million tonnes by 2023, Reuters reported, citing Hendra Sinadia, the executive director of the Indonesian Coal Mining Asso

 

India aims to expand underground coal mining to satisfy growing energy demand

India is embarking on an ambitious plan to revive underground coal mining in a bid to meet its rapidly increasing energy demand, despite international pressure to reduce reliance on this polluting fos

 

All rights reserved. No reproduction is allowed without written permission.

Ctrl + Enter to quick post

emptyNo Content
Like
Save
toggle