Indonesian portside thermal coal prices remain stable amid Diwali holidays Indonesian portside thermal coal prices were unchanged w-o-w. Participants were absent from the market this week, owing to Diwali, a key Indian festival. Prices of 3400 GAR at Navlakhi remained stable at INR 4,700/t. At Kandla and Vizag, 4200 GAR stood unchanged at INR 5,950/t […]
Thermal coal or non-coking coal stocks at Indian ports decreased marginally by 2.3% to 12.46 million tonnes (mnt) in week 43 from 12.75 mnt in week 42, according to BigMint’s data. Company-wise break-up Port-wise break-up Market overview: Portside prices of South African thermal coal in India remained stable last week, with RB2 (5500 GAR) at INR […]
Mysteel: Chinese buyers showed increased interest in Indonesian thermal coal with low calorific value (CV) on 25 October, considering its significant price advantages over comparable domestic cargoes, sources noted. On 25 October, Mysteel assessed Indonesian 3,800 kcal/kg NAR thermal coal prices at $54/t FOB Kalimantan, unchanged since 15 October. This can be translated into RMB 492.4/t […]
Mysteel Global: Indonesian coal production this year is likely to surpass its target of 710 million tonnes (mnt), the latest data from the country’s Energy and Mineral Resources Ministry (ESDM) suggests. The prediction is based on the fact that the country’s coal output during January-September this year touched 613 mnt, leaving only 97 mnt to be […]
Mysteel Global: China’s Coal output rises 4.4% y-o-y in September 2024 to reach 414.46 mnt, the highest level since April 2023, according to the latest release from China’s National Bureau of Statistics (NBS) on 18 October. The total was also higher by 4.5% from that recorded in August. On a daily basis, coal production in September […]
South African non-coking coal export shipments in September 2024 were at 5.14 million tonnes (mnt) compared to 5.11 mnt in August 2024, reflecting a 1% increase m-o-m. However, exports were up 6% y-o-y from 4.85 mnt in September 2023. Exports to India rise by 17% m-o-m India was the largest buyer of South African coal, […]