NOVEMBER 28, 2019 / 14:17 CET
(Montel) Benchmark Asian coal prices slid 1% in the week through to Thursday amid signs of growing pressure to cut air pollution among northeast Asian consumers as well as elevated Chinese inventories.
The Newcastle index, a reference price for high grade (6,000 kcal/kg) Australian coal exports to Asia, last stood at USD 67.77/t, down USD 0.74 week on week.
Traders highlighted pressure from regulatory announcements this week after paper prices for December delivery slumped as much as 5% from a high of 71/t on Monday.
Thursday, 27 June 2019, 09:57 CET By Nathan Witkop, Sydney
Newcastle coal prices hover near 3-year lows
Reporting by Nathan Witkop
(Montel) Asia’s benchmark coal price continues to hover close to its lowest level since May 2017 amid pressures including a trade dispute between the US and China, elevated supplies and limited demand in established markets.
Global Coal’s Newcastle index rose only marginally on the week to Thursday, climbing USD 0.08 to USD 70.79/t. The Pacific basin’s benchmark for high grade (6,000 kcal/kg) Australian coal deliveries to Asia now stands 30% below where it started the year.
Markets await the outcome of US president Donald Trump’s meeting with his Chinese counterpart Xi Jinping on Saturday that could help resolve or further enflame a trade dispute between the world’s two biggest economies.
FILE PHOTO: Australia's Newcastle port. Photo: Liddell Coal
June 7, 2019, 10:29 CET By Nathan Witkop, Sydney
Australian coal miners reroute lost volumes to China
By Nathan Witkop
(Montel) Australia managed to grow its thermal coal exports by 2% in the year through April, despite customs delays forcing a sharp slowdown in volumes to China, analysts told Montel.
Australia shipped 66.4m tonnes of thermal coal in the first four months of the year, compared to 65.2m tonnes over the same period last year, said IHS Markit director of coal Scott Dendy.
This was despite a 17% drop in exports to China that came in at just 14m tonnes.
FILE PHOTO: Alec Trusler2015/Shutterstock.com
MAY 31, 2019, 04:03:00 AM EDT By Reuters
China, India thermal coal imports hit multi-year highs in May
By Henning Gloystein
SINGAPORE, May 31 (Reuters) - Seaborne thermal coal imports by China and India hit multi-year highs in May, shipping data showed on Friday, contrasting with trends in other regions where there is a shift towards cleaner electricity sources like natural gas and renewables.
China's shipped imports of thermal coal, which is used mostly for power generation, will reach 17 million tonnes in May, data in Refinitiv showed, the highest level since at least 2015, and up from around 12 million tonnes a year ago.
FILE PHOTO: A view of a grid station of a coal-fired power plant of Essar Power is pictured in Salaya village. Photo: Reuters
MAY 24, 2019 / 1:58 AM
In Vietnam's booming energy sector coal reigns, but renewables play catchup
Khanh Vu, Henning Gloystein
HANOI/SINGAPORE (Reuters) - Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green.
FILE PHOTO - Power-generating windmill turbines are pictured at a wind park in Bac Lieu province, Vietnam, July 8, 2017. REUTERS/Kham/File Photo
APRIL 5, 2019 / 2:12 AM
Australia coal posts biggest weekly drop in a decade amid weak demand
SINGAPORE (Reuters) - Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged with the end of winter and amid worries over the strength of the global economy.
FILE PHOTO - Coal is unloaded onto large piles at the Ulan Coal mines near the central New South Wales rural town of Mudgee in Austrailia, March 8, 2018. Picture taken March 8, 2018. REUTERS/David Gray