critical-minerals-hub critical-minerals-hub critical-minerals-hub
The Coal Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

China kicks an own goal with Australia

Editor by Editor
5 years ago
Reading Time: 2 mins read
China Coal Market
Share on FacebookShare on TwitterShare on Linkedin

Japanese engineering giant Toshiba has vowed that it will not develop any coal-fired power plants and will turn to renewable energy, the company’s president declared on Wednesday, November 11. At the same time, the company advised that all of its existing projects would not be removed.

RELATED POSTS

World-coal-market

World coal market: brief overview

2 days ago
Daltransugol-capacity-hike

Daltransugol boosts coal handling capacity up to 33 mio t

2 days ago
Coal-industry-losses

Losses of Russian coal companies hit 1 billion USD in Q1 2025

2 days ago

Nobuaki Kurumatani, president of Toshiba, said they would avoid accepting new orders to construct c al-fired plants and seek to reduce greenhouse gas emissions by 50 percent by 2030.

The business plans to expand its investment in renewable energy, such as offshore wind power infrastructure and solar power facilities, to accomplish this.

Meanwhile, Peabody Energy, the world’s largest producer of coal in the private sector, said there was a possibility that it could go bankrupt for the second time in five years as it ran to renegotiate debts following the decline of fossil fuel demand.

As natural gas and renewables replace coal on the North American power grid, the New York-listed miner is at the forefront of an upheaval in the energy markets.

China Kicks An Own Goal With Australia: China’s displeasure at Australia’s strong opinion on political interference and demands for an independent inquiry into the root cause of the Covid-19 pandemic has been a success for two other Asian countries, Japan and India.

Denial by Chinese authorities to allow the unloading of coking or steel-making coal from Australia has seen the material excitedly accepted by steelmakers in other countries.

Credit Suisse, an investment bank, said in a note to clients earlier this week that Australian premium hard coking coal was being sold in India and Japan at $70 a ton less than China’s domestic price for lower-quality steel-making coal. The Credit
Suisse bank said that China’s coal ban was enhancing Japan’s steel competitiveness.

“Metallurgical (coking) coal prices are becoming distorted as China’s ban on Australian imports of coal continues. 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 and Russia.

China has agreed to a $1.5 billion Indonesian coal trade agreement beginning in 2021 in the midst of speculation that the move is a sign of
Beijing’s overall change from Australian supplies.

According to a statement from Indonesia’s coal mining association, the contract is for three years. In a virtual signing ceremony, the two sides agreed “a coal contract purchase” for 2021.

The quantity of coal exports would be reviewed annually, according to the statement, which added that it was also necessary to establish a reference price index that could be “negotiated regularly”.

Source: D&F Shipping Market Analysis

Follow D&F Shipping Market Analysis on Twitter:

[tfws username=”Dnfsmanalysis” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: AustraliaChinacoal-fired power plantsCredit SuisseD&F Shipping Market Analysisgreenhouse gas emissionsmetallurgical coalNobuaki KurumataniPeabody Energyrenewable energy
Editor

Editor

Related Posts

World-coal-market
Coal Demand

World coal market: brief overview

2 days ago
Daltransugol-capacity-hike
Coal Demand

Daltransugol boosts coal handling capacity up to 33 mio t

2 days ago
Coal-industry-losses
Coal Demand

Losses of Russian coal companies hit 1 billion USD in Q1 2025

2 days ago
No-profit-for-coal-miners
Coal Demand

Coal exports are profitable for all but coal companies

1 week ago
World-coal-market
Coal Demand

World coal market: brief overview

1 week ago
Kuzbass-production-4-months-2025
Coal Demand

Coal production in Kuzbass down 4.9% in Jan-Apr 2025

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Measures-to-support-Russian-coal-industry

Putin approves measures to support Russian coal industry

May 19, 2025
Russian-coal-industry-losses-in-Q1-2025

Russian coal industry crisis intensifies, with losses in Q1 2025 exceeding 875 mio USD

May 26, 2025
Kuzbass-production-4-months-2025

Coal production in Kuzbass down 4.9% in Jan-Apr 2025

May 26, 2025

Recent Post

World-coal-market

World coal market: brief overview

June 10, 2025
Coal-industry-losses

Losses of Russian coal companies hit 1 billion USD in Q1 2025

June 10, 2025
Daltransugol-capacity-hike

Daltransugol boosts coal handling capacity up to 33 mio t

June 10, 2025
No-profit-for-coal-miners

Coal exports are profitable for all but coal companies

June 3, 2025
World-coal-market

World coal market: brief overview

June 3, 2025
Kuzbass-production-4-months-2025

Coal production in Kuzbass down 4.9% in Jan-Apr 2025

May 26, 2025

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact
  • Petcoke

Recent Posts

World coal market: brief overview

Losses of Russian coal companies hit 1 billion USD in Q1 2025

Daltransugol boosts coal handling capacity up to 33 mio t

Energise your Monday!

Sign up to receive our weekly newsletter (each Monday) with new coal market reports, presentations & analysis.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.