Weekly Alert | China portside thermal coal remains tepid; import coking coal drifts lower

N. China portside thermal coal further slid with muted demand; imported coking coal drifted lower amid lack of demand and further declines in domestic market.

Dec 06, 2024

Oversupply may ease in China's Dec thermal coal market

China's thermal coal market continues to grapple with a surplus of supply, even as seasonal demand for power generation and heating increases due to recent cold waves.

China's portside thermal coal remains tepid as vessel arrivals dwindle

China's northern coal ports witnessed a significant decline in anchoring and arriving vessels this week following an end of strong wind-induced operation suspensions.

China's import coking coal prices drift lower on lack of demand

China's imported coking coal market faced sluggish demand, which dampened trading activities and prices, especially at a time when the domestic spot prices hovered at a relatively low level.

Xinjiang railway's coal shipments surge 52.4% YoY as of Nov 29

Xinjiang railway, operated by the China Railway (CR) Urumqi Group, shipped 81.48 million tonnes of coal in the year to November 29, jumping 52.4% on the year, local media reported.

World Bank: coal prices to decline in next two yrs

Global coal prices are expected to drop in 2025 and 2026 while remaining above pre-pandemic level, according to the?Commodity Markets Outlook published by the World Bank (WB) on December 3.

Russia unlikely to reinstate coal export tariffs starting Jan 1, 2025

Russia announced a significant policy shift regarding coal export tariffs on November 29, aimed at supporting coal-related enterprises in the country, Tass reported.

India Apr-Nov coal production rises 6.21% on yr

India's coal output reached 628 million tonnes in the first eight months this financial year, climbing 6.21% from 591 million tonnes in the same period previous year, according to the coal ministry.

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Data watch

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

Sxcoal Newsletter

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