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About this time last month, G&A wrote about the role that fuel switching would take in moderating the price rally above $3/MMBtu, predicting that coal generation would stage a comeback in several key regions. This did in fact occur, as total coal-fired power surpassed natural gas in PJM, MISO, and SPP for the first time […]
The Asian country improves its coal import for 2020 by about 20m tonnes but is expected to exclude Australia, which has hundreds of millions of tonnes anchored off the Chinese coast in a deepening trade dispute with Beijing. Guardian Australia also understands China is reducing customs clearance times for Australia’s key coal export competitors, Indonesia […]
Starting from November 19, Russian Railways (RZD) has imposed a railway ban for coal deliveries to Far Eastern seaports after abnormal ice storm hit the region. The convention was applied to all cargos, excluding food and fuel shipments. RZD ban also affected rail traffic through border crossings with China. Coal shipments resumed on November 25-26, […]
European coal prices kept strengthening over the past week, reaching 58 USD/t as of November 27. Global energy and financial markets were supported by news on new vaccines against coronavirus. The onset of seasonal cold spell in Europe, as well as further reduction of ARA coal reserves to 5.6 mio t gave additional support to […]
(Montel) European coal prices have surged to one-year highs as concerns about a possible shortfall in winter supply spur buying activity. The front-quarter API 2 contact jumped 11.4% from last Friday’s settlement to USD 60.50/t – its highest on a rolling basis since last November – while the front year was 10% higher at USD […]
Mongolia’s coal trade with China, the destination of almost all Mongolian coal for export, has slowed again because of the deteriorating pandemic situation inside Mongolia since mid-November, according to Mysteel’s survey. On November 23, deliveries of Mongolian coal via Ganqimaodu and Ceke, the top two China-Mongolia coal trade ports in North China’s Inner Mongolia, reached […]
The U.S. Energy Information Administration (EIA) estimates that 521 million short tons of coal will be produced in the United States in 2020, a decline of 26% compared with 2019 levels. We expect U.S. coal production to increase 20% to 627 million short tons in 2021. EIA’s forecast of an increase in U.S. coal production […]
Peabody Energy, the world’s largest private-sector coal producer, said there was a risk it could go bankrupt for the 2nd time in 5 years, as it raced to renegotiate debts in the wake of tumbling demand for the fossil fuel. Source: Faro Capital Follow on Twitter: [tfws username=”farocap” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” […]
As most market participants had expected, coke producers in North and East China have again notified their customers that they intend to raise coke prices by another Yuan 50/tonne ($7.6/t), the same margin of increase the makers had demanded – and received – on previous six occasions since mid-August. Yet again, the coke makers are […]