1.NEWC 6000 kcal closed at US $146.90 overnight (& up 8.88% for...

1.NEWC 6000 kcal closed at US $146.90 overnight (& up 8.88% for the month). $146.90 is the second highest level since 12.12.23.

tradingeconomics 14.8.24 said

"Newcastle coal futures have soared to above $145 per tonne, hitting new three-month highs, driven by reports of better-than-expected demand in the near future. Despite the rapid expansion of renewable energy capacity, significant growth in electricty demand in major economies suggests that global [thermal] coal consumption will remain relatively stable this year and next (all emphases, mine), according to the International Energy Agency.
Additionally, recent data shows that China's seaborne coal imports increased by 11% year-on-year in the January-June 2024 period, while Russian seaborne coal exports decreased by 13% compared to the same period last year. These figures highlight a tightening coal supply in the market over the past few months".

Coal - Price - Chart - Historical Data - News (tradingeconomics.com)2.mysteelglobal.com (China)






2.mystell.net 13.8.24 said

"Vietnam's coal imports surged by 29.8% on year and 10.8% on month to reach 7.05 million tonnes in July, according to the latest data published by Vietnam Customs.

The tally hit a 13-month high, although it was still below June's record high of 7.26 million tonnes, the statistics show.

The surge aligned with the Hanoi government's commitment to prevent power shortages this year by boosting coal imports to meet strong domestic demand, particularly from the electricity generation sector, during summer, Mysteel Global learned...

Most of Vietnam's coal came from Australia (my emphasis) and Indonesia, which together accounted for about 67% of the total volume, Mysteel Global calculated.

Specifically, Vietnam imported 2.63 million tonnes of coal from Australia in July, more than doubling June's figures, while imports from Indonesia dropped by 29% from the previous month to 2.08 million tonnes, according to the data".

Vietnam's coal imports jump 30% to hit 13-month high in July | Mysteel