Weekly global coal market news summary (Dec 29, 2023)

Eastward global coal trade surges, demand in advanced economies falls

The global coal trade is undergoing a significant transformation from traditionally concentrating in the Pacific and Atlantic basins to the Indian Ocean, driven by increasing demand in India, Pakistan

 

Seaborne import thermal coal market continues to face subdued demand

Trading activity in the Asian seaborne import thermal coal market stayed subdued on December 28, with many participants yet to resume trading after holidays, sources said.Offer prices remained unchang

 

Indonesia coal output to hit record high in 2023

Indonesia's coal production is on track to reach an all-time high this year, not just surpassing the government's target, as strong global demand and good weather spurred mining operations.Coal produc

 

Review: Japan Nov coal imports edge down; Australian coal takes 65%

Japan's coal imports trickle down in November from the previous month, with coal supplies from Australia accounting for 65% of the total, according to data from Japan's Ministry of Finance.Japan impor

 

Indonesia to increase underground coal mining amid declining reserves

Indonesia's energy ministry (ESDM) is actively seeking increased investments in underground coal mining to tap into high-quality coal resources that lie in deeper seams, media reported.With declining

 

Russian Railways to deliver 100 Mt coal to Far East for export in 2024

Russian Railways has entered into agreements to deliver about 100 million tonnes of coal from key production areas to its Far East region for exports in 2024, the company said on Telegram.Specifically

 

U.S. Nov coal output up 0.4% YoY, EIA

The United States produced 48.95 million short tons (44.41 million tonnes) of coal in November of 2023, edging up 0.4% from 48.75 million short tons a year ago yet down 0.25% from the previous month's

 

Int'l thermal coal prices face growing downward pressure on rising bearish sentiment

Global thermal coal market extended the weak trend in both supply and demand and faced growing downward pressure last week from declined prices of oil and natural gas, eased supply tightness of high-C

 

India's coal imports slump 44% in current financial year

India's coal imports to blend with domestic cargoes slumped 44.28% from 27.21 million tonnes a year ago to 15.16 million tonnes during April-November of the current fiscal year, data showed from the c

 

Japan's JERA accelerates Yokosuka coal-fired unit launch amidst winter demand

JERA, Japan's leading power generator, announced the operational kickoff of its new Yokosuka thermal power station No.2 coal-fired unit on December 22, marking an earlier commencement than original sc

 

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