Weekly Alert | China thermal, coking coal market still bearish
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Some Chinese trader sources cautioned against potential downward corrections for prices of some thermal coal grades at northern transshipment ports, but expected any declines to be minimal.
China's coking coal market saw reduced online auction failures as some coke makers started to increase purchases for cost-effective cargoes approaching the Chinese New Year.
China's coking coal market continued to be impacted by policies through the whole year of 2024. In the first half, reductions in both supply and demand contributed to downside prices.
China's coal industry witnessed record-breaking output and imports in 2024 but now faces uncertainties in its 2025 movement.
The Gashuunsukhait-Ganqimaodu cross-border railway project between Mongolia and China is gaining momentum after years of delays.
Mongolia has achieved a landmark in mineral exports in 2024, with coal shipments exceeding the 80-million-tonne threshold for the first time
Coal India Ltd (CIL), state-owned coal producing major, has set its coal production target of 915 million tonnes for FY2025-26 (April 2025 to March 2026) to meet India's growing coal demand.
Indonesia's coal production reached 829.6 million tonnes in 2024, far exceeding 771 million tonnes in 2023 by 7.61%.
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Data watch
Sxcoal has summaried the latest official coal import/export updates as follows:
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