Morning Brief: There is a growing threat of diminishing supplies of prime coking coal in the global market which casts a long shadow on the steel industry in different countries that are gearing up to increase their production through the BF-BOF route. India, of course, is the first case in point. India’s production of steel through […]
In December 2024, China’s coal and lignite imports surged to 52.346 million tonnes (mnt), representing a 10.7% increase compared to the same month in 2023. This rise contributed to a record-breaking total for the year, with imports reaching 542.697 mnt, a 14.4% y-o-y growth. The sustained increase in imports highlights China’s ongoing demand for coal […]
Prices of Indonesian thermal coal at Indian ports remained under pressure this week due to weak demand. In the domestic thermal coal market, sufficient stock availability, lack of urgency to conclude deals and the approaching winter holidays have weighed on trading activities. Notably, thermal or non-coking coal stocks at Indian ports increased by 2% to […]
Indonesian non-coking coal exports showed significant growth in the first 11 months of 2024, reflecting a strong recovery in demand across Asian economies. During January-November 2024, total non-coking coal shipments reached 362.03 million tonnes (mnt), marking a 11% increase from the 326.95 mnt exported during the same period in 2023. This growth highlights Indonesia’s sustained […]
Mysteel Global: China’s blast furnace steelmakers and metallurgical coke makers will receive little support from Chinese coking coal prices in 2025, noted Xiong Chao, Mysteel’s senior coal analyst, at the company’s annual conference in Shanghai on 6 December. Supply is expected to outpace demand next year, and, as a result, prices of the commodity will lack […]
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 […]