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Apr 23, 2020· He says coal demand this year is down between 35 and 40% from last year, "and last year wasn't a great year." Coal has been struggling for many years. Now there's a drop in demand because of the ...
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions.
Apr 16, 2020· Seaborne coal prices have started responding to the weakening outlook for Asian demand, with futures on Australia's Newcastle thermal coal ending at $62.25 a tonne on Wednesday, down 13.8% from ...
2 days ago· Thermal coal prices have been dented by Chinese restrictions on imports and low gas prices, which have enabled Asian power utilities to generate with cheap gas rather than coal.
May 07, 2020· Prices for top quality NSW thermal coal have fallen 27 per cent since the coronavirus started affecting demand in February while prices for top quality Queensland coking coal have slumped 30 per...
2 days ago· Asia's benchmark thermal coal price at Australia's Newcastle Port for month-ahead delivery, currently around $49 a tonne, should rise in line with higher Chinese power demand and economic activity.
Apr 28, 2020· Spot Asian LNG has fared just as badly, with the price plummeting 71.3% from its pre-winter peak of $6.80 per million British thermal units in October to just $1.95 in .
Apr 30, 2020· -Downside risk for coking coal prices remains elevated . By Eva Brocklehurst. While oil was in the hot seat in March-April, coal is now in focus, reeling from a slump in demand as prices fall to multi-year lows. Benchmark hard coking coal prices have dropped -20% to US$115/t in the June quarter to date, the lowest level since mid 2016.
Apr 27, 2020· In theory this should encourage more coal-to-LNG switching in countries that can do this, such as Japan and South Korea. It should also hurt the longer-term outlook for thermal coal, which is increasingly struggling on a cost basis against LNG and renewables, and that doesn't include the cost of coal's higher carbon emissions.
The International Energy Agency forecasts that global coal demand will rise by just under 1% from 2017 to 2030, to about 5.4 billion tons. While demand is expected to decline in Japan and the U.S ...
Oct 20, 2019· The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel.
Of thermal coal produced in Australia, which serves as a benchmark of thermal coal prices in Asia, high-grade coal with a calorific value of 6,000 kilocalories per kilogram is currently traded at...
Global thermal coal demand increased sharply from the early 2000s, mainly due to rapid growth in the Chinese economy over that period. China is the largest global consumer of thermal coal, consuming around 3,200 Mt in 2018, a little over half of the global total, and around triple what it .
Asian polyester fiber chain prices continued to collapse Friday, as the markets stayed depressed due to a selloff across the products, triggered by a sharp downturn in paraxylene prices, market sources said.
Coronavirus lockdowns have hit the market for thermal coal, where demand is expected to fall by the most this year since the second world war after factories power down. Prices for the fossil fuel...
Feb 10, 2020· LAUNCESTON, Australia, Feb 10- The collapse in the spot price of liquefied natural gas in Asia is a short-term phenomenon that may well end up having a longer-term impact, especially on thermal coal.
Seaborne coal prices have started responding to the weakening outlook for Asian demand, with futures on Australia's Newcastle thermal coal ending at $62.25 a tonne on Wednesday, down 13.8 per cent from their peak so far this year of $72.25 on Jan. 13.
In terms of demand for thermal coal, 2019 has turned out very differently for the Atlantic and India/Pacific markets. ... What's more, US high sulphur coal's prospects in the Asian market have been hit recently by the collapse in petcoke prices to around $30/t (based on 7500 kcal/kg NAR), which has made the product far more competitive than ...
Australian thermal coal prices are the highest since before the global financial crisis as Asian demand grows, serving up record profits, dividends and more growth plans for Whitehaven Coal, and ...
2 days ago· Asia's benchmark thermal coal price at Australia's Newcastle Port for month-ahead delivery, currently around $49 a tonne, should rise in line with higher Chinese power demand and economic activity. The global coal supply deficit should ease to 535 million tonnes this year from 587 million tonnes last year, Fitch Solutions said.
Apr 02, 2020· Turning to coal, and Japan imported 7.5 million tonnes of thermal coal in March, down slightly from 7.74 million in February and 7.58 million in March last year, according to the Refinitiv data ...
Dec 27, 2019· In major Asian markets, where Australia sells its coal, the analysis found generation in China increased 0.5% but dipped in India due to a much smaller increase in demand .
Seaborne coal prices have started responding to the weakening outlook for Asian demand, with futures on Australia's Newcastle thermal coal ending at $62.25 a tonne on Wednesday, down 13.8% from ...
Seaborne coal prices have started responding to the weakening outlook for Asian demand, with futures on Australia's Newcastle thermal coal ending at $62.25 a tonne on Wednesday, down 13.8% from their peak so far this year of $72.25 on Jan. 13.
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