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
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
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
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
Several coal export ports in Queensland, including the major coking coal port of Dalrymple Bay Coal Terminal (DBCT), have resumed operations over the weekend after disallowing loading and berthing last week because of heavy rains and turbulent seas.
News ID: 8730 Publish Date : 2020/03/16
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
The return of China as an outlet for US coking coal has brought some much needed light to US mining firms that survived a difficult fourth quarter of mine closures, Chapter 11 filings and output cuts carried out to tackle high inventories and a lacklustre European market.
News ID: 8587 Publish Date : 2020/03/06
Kuzbass-based coal mining firm Meltek targets an increase in output to 4.8mn t this year, up by 500,000t compared with 2019, on stronger output of high-margin coal grades, the company says. Most of the firm's production this year — 94pc, or 4.3mn t — is expected to be sent overseas, with the remainder sold domestically.
News ID: 8536 Publish Date : 2020/03/02
Coal production by India's state-controlled mining firm Coal India (CIL) is facing a first year-on-year decline in its fiscal year output in around two decades, despite the firm posting a steep recovery in production since December 2019.
News ID: 8532 Publish Date : 2020/03/02
Chinese buyers have entered the spot market for US coking coal cargoes with tariff exemptions starting on 2 March, potentially removing a 27.5pc import tax that made US shipments uncompetitive for the world's top consumer.
News ID: 8521 Publish Date : 2020/02/28
Heavy rains have delayed coking coal shipments on the Blackwater rail transport corridor in Queensland this morning, the second time this month that rains have disrupted services on the Blackwater line.
News ID: 8518 Publish Date : 2020/02/27
