Global thermal coal prices settling into $200/T range after volatile 2022
Global thermal coal prices are stabilising this year in a range near $200 a tonne that is less than half of 2022’s record highs, analysts and industry officials say, with rising supplies providing respite to consumers roiled by last year’s volatility.
Iron ore price drops below $100 as worries over China demand grow
The iron ore price fell on Wednesday, languishing below $100 a tonne, as steel prices slumped in China.
A weaker yuan added to the gloomy mood, with Shanghai rebar futures hitting their lowest in more than six months.
Domestic Alumina Prices Entered Downward Path
China’s alumina production stood at 6.12 million mt in February, and the market was in a supply surplus of roughly 265,000 mt.
Australia Rejects First Coal Mine Under Environmental Law
Environment Minister Tanya Plibersek announced her final decision on the Central Queensland Coal Project on Twitter on Wednesday, saying in a video that she had received more than 9,000 public submissions on the mine in just 10 business days.
Australian coal shipment to arrive at Chinese port as unofficial import ban ends
The resumption of the bilateral coal trademarks a significant improvement in relations, which hit a low point at the start of the pandemic after Australia pushed for an independent investigation into the origins of Covid-19, angering Beijing officials.
Iron ore dips as rising China port inventory adds pressure
Dalian and Singapore iron ore futures fell to three-week lows on Tuesday, as rising portside inventory in China weighed on prices already pressured by weak demand prospects.
National Grid puts coal-fired power station on standby again
A coal-fired power station has been put on standby to produce electricity this week due to expected low winds and temperatures.
Imported Iron Ore Prices to Fluctuate Widely this week
During the Chinese New Year (CNY) holiday, steel mills mainly consumed their in-house iron ore stocks. In the first week after the holiday, some steel mills ramped up the restocking efforts on rigid demand.
Iron ore retreats as traders assess China demand
MANILA: Iron ore futures slipped on Tuesday, with the Dalian benchmark price pulling back from the previous session’s contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.