Coal News Today

India's coal-fired power generation surged by 9.6% YoY to 338 TWh in Q1 2024, causing a record high in the country's coal consumption and emissions. The country still depends on coal for over 70% of its electricity.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $241 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $206 per metric ton (FOB).

April saw Australian coal exports through North Queensland's Port of Gladstone fall by 9% YoY to 4.5 million tonnes, marking a 14-month low, primarily impacted by reduced coking coal shipments.

In April 2024, India witnessed a sharp surge in thermal coal imports, reaching approximately 16 million tons. Contributing factors include extended power plant operations and recovery in rail transportation, reflecting a growing demand for coal amidst rising electricity needs.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $241 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $206 per metric ton (FOB).

April saw rail freight in India grow by 1.4%, though coal cargo fell by nearly 9%, as reported by Business Standard. Overall, commodities movement hints at a mixed picture for India's economy.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $237 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $203 per metric ton (FOB).

Despite a modest income increase, state-owned Coal India reported a 17% profit growth. Implyng successful cost management strategies, even amid stagnant revenue.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $238 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $203 per metric ton (FOB).

Indian thermal power plants current coal reserves can power them for an average of 17 days, signifying 68% of their normative requirements. Coal India Limited reports show a steady supply despite increased demand in recent months.