Glencore PLC on Thursday halted a number of smaller mines due to government restrictions to curb the spread of the coronavirus but added its larger operations were not materially impacted.
News ID: 8906 Publish Date : 2020/03/26
US domestic demand for thermal coal will fall in the near term as individual states shut down much of the industrial economy to try and stem the coronavirus pandemic, and as slowing economic activity cuts US electricity demand in the second quarter of 2020, Moody’s Investors Services said Thursday in a research note, adding that it expects an unprecedented shock to the global economy in the first half of 2020.
News ID: 8893 Publish Date : 2020/03/27
Power consumption has increased sharply in China's Hubei province following the lifting of a lengthy lockdown. The increased power requirements are likely to support coal demand.
News ID: 8873 Publish Date : 2020/03/26
India's nationwide lockdown is shaking the coal market after it triggered force majeure declarations by a string of ports, consumers and traders over the past two days. This is starting to encourage the diversion of cargoes earmarked for India to China and southeast Asia.
News ID: 8871 Publish Date : 2020/03/26
Malaysia has extended a countrywide lockdown by two weeks to 14 April as the coronavirus continues to spread.
News ID: 8864 Publish Date : 2020/03/25
Rising cement prices in several Chinese regions signal that the recovery in the sector is picking up pace, which could boost coal demand with the industry being a large-scale consumer.
News ID: 8860 Publish Date : 2020/03/25
Coal stocks at state-controlled producer Coal India (CIL) are expected to rise further amid a 21-day lockdown in the country to curb the coronavirus outbreak, which could weigh on the company's future production plans.
News ID: 8857 Publish Date : 2020/03/25
Several Chinese provinces have lowered their coronavirus emergency levels, likely paving the way for an increase in business and industrial activity that could lift power consumption and coal demand.
News ID: 8845 Publish Date : 2020/03/24
China is ramping up production of oil, petrochemicals, metals and coal as the coronavirus outbreak comes under control, with a lockdown in hardest-hit Wuhan set to be lifted early next month. But demand may take longer to recover.
News ID: 8844 Publish Date : 2020/03/24
Several sponge iron mills in India, the world's biggest producer of the material, have shut operations as the country intensifies efforts to contain the coronavirus outbreak.
News ID: 8842 Publish Date : 2020/03/24
Colombia's second-largest coal miner Cerrejon is slowing its coal mining and port operations from today in an attempt to help contain the spread of coronavirus, making it the first coal miner in the country to take measures in response to the outbreak.
News ID: 8839 Publish Date : 2020/03/24
Coking coal imports to India have begun to be affected by the coronavirus outbreak, as berthing and uploading activities are halted at some major ports.
News ID: 8838 Publish Date : 2020/03/24
Trades in Indian steel market remained dull during the week-11 (7-14 March) owing to festive holidays of Holi. Limited trade volumes continue to weigh down prices.
News ID: 8824 Publish Date : 2020/03/14
ArcelorMittal has idled blast furnace 3 at its Bremen site, which was only restarted in January after extended repairs, the company said.
News ID: 8800 Publish Date : 2020/03/20
The closure of all coal mines in Pennsylvania by the state government as of 8pm local time on 20 March until further notice, in an attempt to control the spread of the coronavirus, has the potential to remove a large volume of coking coal from the market.
News ID: 8798 Publish Date : 2020/03/20
Indian private-sector utility Tata Power has threatened to shut its loss-making 4GW Mundra coal -fired power plant, unless the company is allowed to raise tariffs.
News ID: 8781 Publish Date : 2020/03/19
Mongolia has extended its ban on coal exports for a second time as the number of coronavirus cases within the country increases.
News ID: 8747 Publish Date : 2020/03/17
India's plans to add more coal -fired power plants and grow its renewable energy portfolio is facing a threat from the coronavirus outbreak, which has hit manufacturing and put further pressure on the economy.
News ID: 8699 Publish Date : 2020/03/12
Heavy rain and stormy seas in Australia's Queensland have forced coking coal export terminals at the Dalrymple Bay Coal Terminal (DBCT) and Hay Point to halt vessels from berthing until 15 March. All berthing and loading operations at Abbot Point will also be suspended from tomorrow.
News ID: 8685 Publish Date : 2020/03/11
US coking coal prices that have already been slow to follow the rally in Australian prices in recent weeks are largely holding steady, despite lower demand in China that is starting to chip away at recent price gains in Asia-Pacific.
News ID: 8680 Publish Date : 2020/03/11