Weekly Alert | China portside thermal coal slides; Indonesian coal lacks impetus

China's domestic thermal coal market began to move downward, Indonesian thermal coal showed a lack of upward momentum but was also resilient against substantial declines in the near term...

Jun 03, 2024

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Summary: China's ambitious 2024-25 energy efficiency and carbon reduction plan

China's State Council has announced a comprehensive action plan aimed at enhancing energy efficiency and reducing carbon emissions for 2024-2025, aligning with its carbon neutrality goals for 2060.

China's portside thermal coal heads down amid soured sentiment

Thermal coal prices began to move downward in China's domestic market, as sentiment was hit by the top mining group's latest price adjustment for purchases of coal from other mines.

Indonesian thermal coal lacks momentum, but also not easy to fall

Indonesian thermal coal showed a lack of upward momentum but was also resilient against substantial declines in the near term.

China's coking coal market resists pricier supplies; 1st coke hike pending

Cautious sentiment rebounded in China's coking coal market, as some coking plants shunned purchases of high-priced supplies and returned to on-demand purchases following declines in the futures market

Mongolian coking coal prices fall as buying prudence rises

China's imported Mongolian coking coal prices retreated on May 30, with some traders adjusting down offer prices in response to increased wait-and-see sentiment among downstream users.

Coal stocks continue to rise at N China ports, underscoring destocking pressure

Coal stockpiles at northern China ports continued to increase over the past week, pushing traders to accelerate sales, thus driving prices down potentially.

Multiple countries alert on blistering heat

Meteorologists expect 2024 could be the hottest year in history, posing challenges to energy supply for many countries. In India, where the national election is underway, residents are heading to

Indian steel ministry raises alarm over proposed met coke import restriction

The Indian steel industry has raised concerns over proposed safeguard quantitative restrictions on the import of low-ash metallurgical coke, highlighting the potential disruptions to the supply chain

Anglo American plans to spin off coal assets after rejecting BHP's acquisition

Anglo American is working on a formal process to sell its coal and other assets to help improve its operational efficiencies, the company's CEO Duncan Wanblad said on May 30, a move right after

Key Chinese market updates

Thermal coal prices, port updates, freight rates
We kept a close track of the market and publish the latest developments on our website and in the CCI Daily newsletter. If you wish to take a trial of either the web version or the newsletter, pls sign up HERE or reply to this email directly.
Coking coal, met coke and steel prices, freight rates

Data watch

Sxcoal has summaried the latest official coal import/export updates as follows:

Sxcoal Newsletter

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