South African coal prices hit a multi-year high, above $140 a tonne due to problems with the rail system linking South Africa’s coal-producing provinces and the port of Richards Bay. Increased trading activity by Indian consumers further supported coal prices.

The price of domestically produced NAR 5500 kcal/kg coal at Qinhuangdao port fell below 155 USD/ton. Because Chinese customers are in a waiting state due to high prices in the domestic market.
China’s National Development and Reform Commission (NDRC) called on some provinces to take measures to limit electricity consumption in winter. This decision was driven by increased coal-fired volumes in some provinces amid limited domestic thermal coal supplies, the closure of coal mines after safety checks.
On August 12, 2021, the Chinese Government announced the resumption of coal production at 53 mines after heat waves and a rapid recovery of industrial production, boosting energy demand. The mines are expected to supply 44 million tons of coal to China’s coal-fired power plants.
Australia’s thermal coal price remained at $175/ton due to limited supply of coal exported to the international market. On 5 August 2021, a one-week coal mining ban was introduced in key Australian coal-producing regions due to the new COVID-19 outbreak. The ban is extended until August 20, 2021.

Indonesian coal prices remained at $125/ton as the Indonesian government imposed restrictions on coal exports, while consumers from Asia-Pacific countries reduced their coal demand.
The price of coking coal from Australia increased, reaching 225 USD/ton.

Source: thecoalhub.com

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