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Weekly global coal market news summary (Apr 22-Apr 26)

sxcoal.com General,  International 2024-04-26 16:11:50

Indonesian thermal coal prices rise on increased demand from China, India

Indonesian thermal coal prices rose on April 25 due to increased interest from Chinese and Indian buyers. Yet, this price increase might not last long given the unchanged fundamentals.Chinese traders

 

Newcastle thermal coal prices fall nearly 3% as Mid-East conflict impact fades

Newcastle thermal coal prices retreated as the impact of the Iran-Israel conflict has been disproved to sustain.On April 22, Newcastle benchmark coal contract on the ICE closed at $138/t, down 2.65% f

 

Indonesia Apr coal HBA prices show mixed trends

The HBAs (Harga Batubara Acuan), or Indonesian Coal Price Indexes, were set in a narrow range of rises and losses for various grades in April, with the high-calorific value (CV) grade posting a notabl

 

Int'l thermal coal prices trend upward amid positive factors

International thermal coal market gained strength to edge up last week, mainly due to the Middle East tensions and improved demand from Chinese and Indian buyers.Supply SideIndonesia Indonesian miners

 

How are India's met coal import dynamics changing?

India's imports of coking coal have increased by over 9% in FY 2023-24 to 57.28 million tonnes compared with FY 2021-22. Imports have edged up by around 6% year on year in FY 2023-24 from 54.05 millio

 

BHP proposes $38.8 billion takeover bid for Anglo American

Australian mining behemoth BHP has announced a proposed $38.8 billion takeover bid for its British counterpart Anglo American, in a bid to reinforce its dominance in the copper industry.This could be

 

India aims to ensure adequate coal inventories at power plants before monsoon

India plans to boost coal stocks to 38-40 million tonnes at power plants by June 30 ahead of the monsoon, according to the country's coal ministry.The stocks would be 13-19% higher than the year-ago l

 

Vietnam calls for increased coal production to avert summer blackouts

Vietnam is urging coal miners to maximize production ahead of the upcoming hot summer, one of the emerging nations seeking fossil fuels to meet rising electricity demand, Bloomberg reported.The need f

 

Anglo American's Q1 2024 met coal output rises 7%, sales up nearly 15% YoY

Anglo American's metallurgical coal production in the first quarter of this year increased 7% year on year but slid 20.5% from the previous quarter to 3.78 million tonnes, showed the miner's quarterly

 

Newcastle Port Mar coal exports up 10%+ MoM

Newcastle port, the world's largest coal port located in Australia's New South Wales, exported 12.17 million tonnes of coal in March this year, rising 5.84% year on year and 10.76% month on month, Por

 

(Writing by yan.sun  Editing by Harry Huo)
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