Vietnam mulls importing U.S. coal for power generation

Vietnam mulls importing U.S. coal for power generation

Vietnam is considering importing coal from the United States to meet rising demand for the fuel for power generation, state media reported on Tuesday, as the Southeast Asian country plans to build more coal-fired power plants. Vietnam is also seeking to import more U.S. goods to help narrow its trade surplus with the United States […]

World News: More Chinese ports tighten coal import restrictions

Customs authorities in eastern China’s Shandong province have tightened restrictions on imported coal, market participants said, following moves by major ports in northern China such as Jingtang and Caofeidian to curb traders’ cargoes earlier this week. Traders’ unsold cargoes are being prevented from clearing through Qingdao and Rizhao customs in the coastal province of Shandong. […]

U.S., Canadian Coking Coal Exports Eye SE Asia

U.S. and Canadian coking coal exporters are eyeing emerging growth markets in southeast Asia with increasing interest, with some in early-stage discussions with buyers in Vietnam and Malaysia. Data from the U.S. Census Bureau does not show any coking coal going towards Vietnam or Malaysia historically. Canadian trade data show 497,408t of coking coal heading […]

Coal oversupply in the Atlantic ‘heading for Asia’

A recovery in the global seaborne coal markets is unlikely in 2019 given a possible oversupply of 25mn-30mn t this year if exports are not reined in, Rodrigo Echeverri, the head of research at Noble Resources, said this week. Total seaborne supply from many countries, and particularly Indonesia, could rise by around 25mn t to […]

World News: Japan is the world’s third-largest coal-importing country

Japan imported more than 210 million short tons (MMst) of coal in 2018, making it the world’s third-largest coal-importing country after only India and China. Japan continues to use steam coal to fuel one-third of its electricity generation and metallurgical coal for raw steel production. Japan imports nearly all (99%) of the coal it consumes. Australia is Japan’s primary coal supplier, supplying […]

China imports of U.S. coking coal rise five-fold in April on trade deal bets

China’s imports of U.S. coking coal rose more than five times in April from a month earlier, customs data showed, on traders’ earlier bets that trade tensions between Beijing and Washington were easing. Shipments of coking coal from the United States rose to 308,789 tonnes last month, up from 60,585 tonnes in March, according to […]

Asian banks shun coal, strangling U.S. exports

Asia’s banking giants are turning their backs on new coal project lending, posing long-term challenges for exporters in the United States and beyond. What began as a trickle is becoming a flood as more and more financial institutions in the region announce that they will no longer provide loans or extend credit to new coal-fired […]

U.S. Coking Coal Exports Rise Further in November

U.S. coking coal exports rose by 3pc on the year in November, as strong Asian demand offset a dip in shipments to Europe and South America, according to data from the U.S. Census Bureau. The U.S. exported 4mn metric tonnes in November, down from 5.3mn t in October, but up from 3.9mn t in November […]

US exports to continue to shift to Asia: Update

Asia’s influence over the US coal export market will continue to grow as demand from traditional international customers fades, industry members said at a conference today. “We all expect that demand in the Atlantic market is going to be down, or flat at best,” Jack Porco, president of US producer and trader Xcoal, said at […]

Japan Presents Opportunity for Powder River Basin Coal

Japanese power companies are looking for cleaner sources of coal and the Powder River Basin can fill that need. But Wyoming needs to continue researching and developing technology if it’s going to become the most attractive option. That was the message to local and UW officials in Gillette this past week by CoalinQ, a Japanese […]