Iron ore extends rally on China demand optimism
DALIAN iron ore futures extended gains after a week-long Chinese New Year holiday, climbing more than 3 per cent to a contract high on Monday (Jan 30), amid optimism about demand from the world’s top steel producer.
Coking coal narrows the gap on thermal as China reopens
Singapore-traded futures linked to the price of Australian coking coal SCAFc1 ended at $315.67 a tonne on Monday, up 21% since the end of last year and 56% higher than the 13-month low of $203 hit in August last year.
China-Australia relations: Beijing’s coking coal order another sign of thawing ties
Before the Lunar New Year, 80,000 tonnes of coking coal was ordered from the Moranbah North mine in Queensland to be shipped to China February/March.
Asia thermal coal prices slip as China, India buy less
Prices of the main traded grades for coal used in power plants dropped to their lowest in months last week, and to the weakest in a year in the case of one of the major Australian varieties.
China gobbles up iron ore from India after government withdraws duty
A reopening China trying to stoke domestic demand scooped up nearly all of India’s iron ore exports in December after New Delhi lifted export duty on the mineral a month earlier, commerce ministry data showed.
Fortescue smashes iron ore export record
Fortescue Metals shipped a record volume of iron ore in the six months to December, as its traditional business further provides a strong platform for the company’s high-stakes pivot into clean energy.
North Asia cranks coal imports to fuel industry
Economic momentum in these countries – which collectively accounted for nearly half of all thermal coal imports in 2021 – was subdued in 2022.
Coal ash crackdown continues as EPA denies extensions for six power plants
Among other issues, the EPA determined some plant owners were placing monitoring equipment in locations that could deliver misleading results.
Iron ore’s sharp gains catch Beijing’s eye as traders summoned
China’s top economic planning body has summoned a group of iron ore traders and asked them to provide details of recent business, a sign that authorities want to head off fresh commodity inflation as the economy rebounds.