- Write by:
-
Tuesday, June 16, 2020 - 1:05:38 PM
-
915 Visit
-
Print
Mining News Pro - Coal markets had a bumpy ride last week as weaker prices across the energy complex saw falls in all major coal indices. More talk of regulating Australian imports into China helped push Chinese domestic prices higher again.
China is seeking to reduce its reliance on imports as it improves its freight links for domestic miners to utilities on the coast. Oil prices fell last week although natgas, power and carbon recovered a little. Higher carbon prices make coal less attractive (via the dark spread), than natgas for European consumers, and further hasten the move away from coal.
RBCT exported 6Mt in May, which was a significant catch up after April but still leaves the terminal over 1Mt down, year on year. The decline in loadings has clearly been Covid-19-related, although with total Indian stocks (Coal India + utility stocks) at over 100Mt, and monsoon season getting underway, RBCT will be hard pressed to achieve much higher loadings in the next few months.
Higher stock levels in Pakistan and Vietnam could also weigh on SA demand going forward. Indonesia is meanwhile gearing up to target similar markets, as its own reduced domestic consumption has left its miners looking for other markets.
Short Link:
https://www.miningnews.ir/En/News/549019
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter ...
Polish government is abandoning plans to separate coal-fired power plants into a special company and is considering ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Researchers at the University of Edinburgh discovered that bacteria found in areas polluted by acid mine drainage had ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, ...
No comments have been posted yet ...