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
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • 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
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

World coal market: brief overview

Editor by Editor
1 year ago
Reading Time: 2 mins read
World-coal-market
Share on FacebookShare on TwitterShare on Linkedin

Over the past week, thermal coal quotations on the European market continued to fall below 265 USD/t on the back of the ongoing decline in gas and electricity prices, following statements by the European Commission about the planned introduction of a price cap at the TTF gas hub. Additional pressure on the energy market came from a significant warming in several parts of Europe. The TTF hub gas price dropped to 1,200 USD/1,000 m3 (-400 USD/1,000m3 or -25% w-o-w). Coal inventories at ARA terminals reduced to 7.3 mio t (-0.4 mio t w-o-w).

RELATED POSTS

Russian-coal-supply

Russian coal supplies up 2.7% in Jan-Oct 2023

4 hours ago
World-coal-market

World coal market: brief overview

4 hours ago
World-coal-market

World coal market: brief overview

1 week ago

Indices of South Africa’s High-CV 6,000 slumped to 230 USD/t, resulting from the end of the strike by one of the unions as well as ongoing lower demand from India and Pakistan, which are increasing consumption of more competitive Russian and Mozambican coal.

Trade union SATAWU continued the strike, rejecting an offer from Transnet, to which labour union UNTU agreed on October 17. UNTU, representing the majority of Transnet’s workforce, settled for a 5.5-6% wage increase over three years, while SATAWU was pushing for a 12-13.5% raise. As the main union called off the strike and 70-80% of employees returned to their workplaces, rail and port operations are back to normal.

In China, spot prices for NAR 5,500 at Qinhuangdao port rose by 7 USD/t to 224 USD/t due to supply constraints on the spot market and quarantine measures related to the spread of COVID-19 in coal mining regions. Some traders are not rushing to replenish stocks at ports on fears of new price restrictions from the Chinese government.

The COVID-19 outbreak among railway workers as well as ongoing maintenance work caused the Daqin line traffic to shrink from 1.0 mio t/day to 0.2 mio t/day. This brings the drop-down volumes to 3 mio t/day over the last 8 days. Shipments are not expected to recover to previous levels until the end of the next week at the earliest.

Indonesian 5,900 GAR traded flat at 191 USD/t on the stable demand from China. Indian buyers’ activity declined ahead of the festival of lights (Diwali), which is celebrated from October 22 to October 26.

The price of Australian High-CV 6,000 climbed above 385 USD/t, following news of Q3 production cuts and a slowdown in the 60 mtpa RG Tanna terminal in Queensland (Australia), caused by a conveyor belt failure after a heavy rainstorm.

Last week, Australian BHP reported a 38% decrease in thermal coal production for Q3 2022 to 2.62 mio t as a result of heavy rains, which intensity was up three-fold compared to last year. An additional negative factor was labour shortages. Whitehaven also posted Q3 2022 production cuts for the same reasons to 4 mio t (-37% vs Q2 2022).

Australian metallurgical indexes advanced to almost USD 300/t, driven by increased demand on the spot market and fears of supply constraints due to adverse weather conditions.

Source: CAA

Tags: CAAcoal pricescoking coalglobal coal demandKuzbass coal productionRussian coal productionworld coal market
Editor

Editor

Related Posts

Russian-coal-supply
Coal Demand

Russian coal supplies up 2.7% in Jan-Oct 2023

4 hours ago
World-coal-market
Coal Demand

World coal market: brief overview

4 hours ago
World-coal-market
Coal Demand

World coal market: brief overview

1 week ago
Kuzbass-coal-production
Coal Demand

Coal production in Kuzbass down 1.7% in Jan-Oct 2023

1 week ago
Coal-production-and-exports
Coal Demand

Russian coal production and exports to remain stable in 2023

2 weeks ago
World-coal-market-brief-overview
Coal Demand

World coal market: brief overview

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

Coal-production-and-exports

Russian coal production and exports to remain stable in 2023

November 20, 2023
coal-conveyor

China’s investment in coal conveyor across Amur River to amount to 685 mio USD

November 13, 2023
World-coal-market-brief-overview

World coal market: brief overview

November 20, 2023

Recent Post

Russian-coal-supply

Russian coal supplies up 2.7% in Jan-Oct 2023

December 4, 2023
World-coal-market

World coal market: brief overview

December 4, 2023
World-coal-market

World coal market: brief overview

November 25, 2023
Kuzbass-coal-production

Coal production in Kuzbass down 1.7% in Jan-Oct 2023

November 25, 2023
Coal-production-and-exports

Russian coal production and exports to remain stable in 2023

November 20, 2023
World-coal-market-brief-overview

World coal market: brief overview

November 20, 2023

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

Esteemed Partners : Design The Future

Categories

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

Recent Posts

Russian coal supplies up 2.7% in Jan-Oct 2023

World coal market: brief overview

World coal market: brief overview

Energise your Monday!

Sign up to receive our weekly newsletter (each Monday) 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
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 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
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?