The Adaro Blog

China’s benchmark power coal price drops slightly
March 20, 2020, 5:36 pm
China’s benchmark power coal price dropped slightly during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 555 yuan (about 79 U.S. dollars) per tonne Wednesday, a drop of three yuan week on week, according to...
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U.S. coal exports declined in 2019
March 19, 2020, 6:42 pm
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Information Administration’s Annual Coal Report. The United States exports metallurgical coal and steam coal, and exports of both decreased in 2019. U.S....
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Coal beats gold (and other commodities) amid coronavirus gloom
March 18, 2020, 6:40 pm
Amid carnage in the oil markets, and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. But coal beats the metal. Coal’s image is increasingly that of a pariah fuel, demonised by environmentalists and shunned by...
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Energy Ministry may lower coal production target as Chinese demand falls
March 16, 2020, 6:54 pm
The Energy and Mineral Resources (ESDM) Ministry is considering lowering the coal production target this year as demand from China has shown a significant decline since the start of the outbreak of the novel coronavirus in the country late last year, a senior ministry official has said. The...
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Nearly $640 bln coal investments undercut by cheap renewables – research
March 13, 2020, 6:27 pm
Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday. Institutional investors are increasingly withdrawing from fossil fuel companies...
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Weekly US coal production reaches new low in 2020: EIA
March 12, 2020, 9:08 pm
Houston — Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. It was the strongest week-on-week decline in five weeks. Across the board, all basins hit their...
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China coking coal premiums in check as coronavirus hits steel market
March 11, 2020, 8:11 pm
London — China's domestic coking coal prices remain lofty compared with seaborne and regional markets elsewhere, but the coronavirus effect on China's steel inventory and steel demand may push markets closer together, according to market sources. Already, traders are eyeing a...
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Carbon emissions fall as electricity producers move away from coal
March 9, 2020, 6:40 pm
Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants. A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as...
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Standard Bank commits to reducing exposure to thermal coal
March 6, 2020, 6:30 pm
JOHANNESBURG – Standard Bank has committed to reducing exposure to thermal coal over time. The lender said in its Thermal Coal Mining Policy which was published on Thursday that the group would not finance mountain top removal mining activities. The policy was published after...
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Coal suppliers fear uncertainty over Indonesia's new shipping rules could hurt export demand
March 5, 2020, 7:58 pm
Singapore — Indonesian thermal coal suppliers and shipping companies are growing increasingly concerned as the May 1 implementation of a requirement to use local ships for exports draws closer, as the government has yet to define what it means by Indonesian-controlled ship, market sources...
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