South African coal price has increased to 154 USD/ton. The main factor supporting prices remains the problem of supplying raw materials via the railway, linking the coal-producing provinces of South Africa and the troubled port of Richards Bay. In addition, trading activity increased from Asia-Pacific countries.
The price of domestically produced NAR 5500 kcal/kg coal at Qinhuangdao port increased by over $170/ton. Limited coal supply in the domestic market and the Chinese government’s decision to strengthen flood prevention measures at coal mines in Shanxi province until the end of October, have supported China’s raw material prices.
Australian thermal coal prices have risen above $175/ton due to the coal mining ban from August 5, 2021 to September 10, 2021 because of the COVID-19 outbreak.
Indonesian coal prices rose above $130 a tonne amid heavy rains and record flooding in Indonesia’s Tanah Bumbu region. Due to adverse weather, the Indonesian government was forced to declare a state of emergency from September 4, 2021 to September 17, 2021.
Australia’s August coal mining ban and the reduction of coking coal in China’s domestic market forced Chinese steelmakers to buy Australian coking coal from Asian traders, pushing up the index. metallurgical coal originating from Australia reached 290 USD/ton.

According to experts, coal prices in South Africa could increase until the end of 2021 amid problems with the railway, connecting the coal-producing provinces of South Africa and the port of Richards Bay.

T&G International Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 0345786803

Email: hrm@tginterjsc.com

Website: http://tginternationaljsc.com