European coal prices have decline to multi-week lows as sluggish physical trading activity and easing supply concerns offset supportive generation demand and related markets. The front-quarter API 2 contract traded on Friday at around a two-week low of USD 64.70/t, down 4.6% on the week, while the front year was down 3% to a one-month […]
In 2020 Ukraine’s coal imports dropped to 16.9 mio t (-4.1 mio t or -19.5% y-o-y). Lowering energy demand amid governmental measures to curb Covid-19 throughout the year limited Ukrainian imports of material. Ukraine received 11.9 mio t or 70.4% of its coal imports from Russia, 3.4 mio t or 20.1% from the US, 1.3 […]
Lower gas indices, growing wind generation volumes as well as high prices for EU carbon quotas weakened European thermal coal indices below 68 USD/t this week. Warm weather in a number of EU countries had a negative impact on TTF gas indices 18.72 EUR/MWh (-6.19 EUR/MWh or -24.8% to Jan 13, 2021). Growth in windmill […]
Australia, a leading metallurgical coal supplier, is likely to face tougher time as its top two importers – India and China – are both looking to diversify source markets amid rising concerns over supply uncertainties. Source: SX Coal Follow on Twitter: [tfws username=”sxcoal” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the country’s spot market have touched a new high this week from the combination of continued tight coal supplies and roaring energy demand. As of January 19, Mysteel’s price assessment for 5,500 kcal/kg Shanxi blend thermal […]
There is a reorientation of some of the commodity trade flows in Asia-Pacific following the restrictions imposed by China on the imports from Australia. Chinese coal import volumes from Indonesia soared to new record levels in December at the same time as Australian imports fell to virtually zero, from around ten million tonnes in June. […]
According to the Russian Ministry of energy (Minenergo), coal generation will retain its share in the global power mix despite systematic development of clean energy since coal has significant competitive advantages over renewables. Under the estimates of the deputy Russian energy minister Anatoly Yanovskiy, clean coal generation is 1.3 times cheaper than wind output and […]
Russian exporters redirect coal supplies from European to Asian markets, leaving Latvian ports with a little coal-handling volumes amid lowering demand for thermal coal in Europe as a result of the growing share of renewables in the EU power mix, second wave of Covid-19 and tough competition of coal with natural gas. In January-December 2020 […]
Since the beginning of 2021, thermal coal indices in Europe have been in upward trend, exceeding 70 USD/t. Rising TTF gas prices, cold winter in a number of European countries, which contributes to an increase in coal generation, as well as a reduction in ARA coal stocks strengthened coal quotes this week. Low daily temperatures […]