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Tuesday, 29 December 20
CHINA COKING COAL FUTURES RISE FOR THIRD DAY ON SUPPLY WORRIES - REUTERS
Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines starting maintenance activity stoked supply concerns.
 
“Coal mines in major production areas had mostly finished their targets at year-end and started maintenance for an estimated three-five days,” GF Futures wrote in a note.
 
Coking coal inventories at coke plants and steel mills slipped to 18.36 million tonnes as of Dec. 25 from 18.49 million tonnes a week earlier, according to Mysteel consultancy.
 
Adding to supply worries, China’s imports of the key steelmaking ingredient plunged nearly 37% to 3.7 million tonnes last month from October, data from the customs office showed.
 
The most-traded coking coal futures on the Dalian Commodity Exchange, for May delivery, closed up 4.2% at 1,713 yuan ($262.29) per tonne, after hitting a high of 1,745 yuan in early trade.
 
Coke futures also gained, settling 1.6% higher at 2,836 yuan a tonne.
 
Dalian iron ore futures slipped 0.7% to 1,026 yuan a tonne, following spot 62% iron ore prices which fell to $166 per tonne on Friday.
Source: Reuters 


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Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...


Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...


Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The  Ministry  of  Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...


Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes  (mt) i ...


Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...


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