The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

Seaborne Met Coal Market to Rebound

Editor by Editor
2 years ago
min read2 min
Met Coal
Share on FacebookShare on TwitterShare on Linkedin

Brazilian miner Vale expected the global seaborne metallurgical coal market will rebound in the fourth quarter, amid continued recovery in global industrial and construction activities, coupled with the possible strong replenishment in China with new import quota for 2021.

RELATED POSTS

StableCoin

Russia considers launching stablecoins to settle export supply payments

4 days ago
World-coal-market

World coal market: brief overview

4 days ago
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

7 days ago

“The impact of regional COVID-19 lockdowns, driving steel production cuts, and the exhaustion of import quota in China due to its rapid import rate earlier in the year put pressure on the market until late August,” Vale said in its financial report.

Prices rallied thereafter and reached $139/t by the end of September. A wide import arbitrage of over $30/t attracted some Chinese buyers to take positions and buy cargoes using 2021’s import quota, according to Vale.

Many countries had begun easing lockdown restrictions, lifting demand for coking coal as global steel production gradually picked up, with nearly a third of ex-China idled blast furnaces returning to duty, Vale said.

Vale produced 1.40 million tonnes of coal over the third quarter, slumping 40.4% year on year yet up 9.3% from the second quarter, with metallurgical coal output at 756,000 tonnes (-25.9% YoY, 8.3% QoQ) of and thermal coal 646,000 tonnes (-49.9% YoY, 10.4% QoQ).

Vale also expected an improved market for iron ore in 2021, with WSA forecasting stability in steel production in China as economic activity normalizes. Other regions ex-China are expected to partially recover with steel demand growing 9.4% in 2021 led by more expressive recovery in India, ASEAN (Association of Southeast Asian Nations), Turkey and Europe.

However, Vale notes that risks still remain with the resurgence of COVID-19 cases mainly in Europe, which could hinder the economic recovery started in 3Q20.

Vale’s iron ore output totaled 88.68 million tonnes in the third quarter, up 2.3% YoY and 31.2% QoQ. Its sales stood at 65.76 million tonnes (-11.2% YoY, 20.4% QoQ).

Vale’s net operating income was logged at $10.76 billion, up 5.33% year on year and a 43.15% increase from the previous quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $6.095 billion, up 32.41% on the year and surging 80.8% from the preceding quarter.

Source: Vale

Tags: metallurgical coal marketseaborne coalVale
Editor

Editor

Related Posts

StableCoin
Coal Demand

Russia considers launching stablecoins to settle export supply payments

4 days ago
World-coal-market
Coal Demand

World coal market: brief overview

4 days ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

7 days ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

2 weeks ago
World-coal-market
Coal Demand

World coal market: brief overview

2 weeks ago
Russian-coal-imports
Coal Demand

China sharply increased Russian coal imports in 2022

3 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

Russian-thermal-coal

Russian thermal coal exports to India surged 3.5-fold in 2022

January 13, 2023
coal-EU

New trading firm Panem to supply Kazakh coal to EU

January 13, 2023
EU-coal

EU coal’s steep discount to Pacific suggests muted demand

January 13, 2023

Recent Post

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
World-coal-market

World coal market: brief overview

February 3, 2023
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023

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

Recent Posts

Russia considers launching stablecoins to settle export supply payments

World coal market: brief overview

Pacific coal prices retain record premium over Europe

Energise your Friday!

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

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

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?