Weekly global coal market news summary (Feb 26-Mar 1)

sxcoal.com General,  International 2024-03-01 17:10:53

Australian thermal coal prices rise on short supply, U.S. sanctions on Russia

Australian thermal coal prices increased amid a lack of availability of high-CV coal in the market and after the U.S. imposed sanctions against Russian coal producers SUEK and Mechel.On February 27, A


Int'l thermal coal market stable despite improved sentiment

International thermal coal prices were generally stable last week, the first week after the Chinese New Year holiday, although rising prices and demand in China buoyed market sentiment in the Asia-Pac


Newcastle thermal coal prices soar after U.S. sanctions on Russian producers

Newcastle thermal coal prices experienced a sharp rise on February 26, fueled by bullish sentiments related to the U.S. sanctions imposed on Russian energy producers.The most-traded contract for April


New sanctions to aggravate woes of Russian coal exports

Beyond many challenges already in place, Russian coal exporters will face new sanctions, which would likely lead to a deep decline in exports this year.On February 23, President Biden announced that t


Russian coal exports to increase post 2024 on infrastructure development, official

Russian coal exports are predicted to increase after 2024 with infrastructure projects coming into operation, TASS reported, citing Deputy Energy Minister Sergey Mochalnikov.The optimistic outlook is


India's coal stocks hit new high as domestic output surges

India has achieved a record level of seasonal coal stocks at coal-fired power plants, mitigating the impact of reduced hydropower output due to a drought and meeting the surging demand for electricity


Review: Japan Jan coal imports extend rise, yet Russian coal slumps

Japan's coal imports increased for the second straight month in January 2024, hitting a 12-month high albeit at a low level compared to the same period in the previous years, according to data from Ja


Australia's Stanmore 2023 coal output exceeds guidance

Saleable coal output of Australian mining company Stanmore Resources beat its guidance of 12.3-13 million tonnes, despite adverse weather affecting operations, showed data from the company's yearly re


Yancoal Australia 2023 profits down despite increased output

Yancoal Australia Ltd reported a significant decline in after-tax net profit for 2023, despite achieving higher production volumes, according to the company.Its profit fell 49% to A$1.81 billion ($1.2


Russia to reinstate flexible coal export tariffs starting Mar 1

The Russian government will reintroduce flexible coal export tariffs linked to the ruble exchange rate, effective March 1, according to a Reuters report on February 29.The tariffs will be in valid unt


(Writing by yan.sun  Editing by Harry Huo)
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