Increased purchases from Asia-Pacific countries and a tight supply of coal via the railway, linking the coal-producing provinces of South Africa to the port of Richards Bay, continue to keep South African coal prices at their highest levels in recent years. Over the past 13 years, it has reached over 150 USD/ton.

The price of domestically produced 5500 kcal kg NAR coal at Qinhuangdao port reached $165 per tonne as coal inventories at Chinese ports fell below 4 million tons after the end of the recent four-day quarantine. Coal consumption in China is expected to increase as the average daily temperature in China starts to drop.
Australian coal prices are in an uptrend reaching over $170/ton. Indian consumers replenished their stockpiles, boosting Australian coal prices. The current decline in coal supply in Australia amid the coal mining ban extended to 10 September 2021 has had a positive impact on coal prices.
Increased trading activity by Indian buyers and government restrictions on coal exports have raised Indonesian coal prices to over $130/ton.
Australia’s limited supply of coking coal to the export market and import demand from Chinese steel mills contributed to pushing Australian metallurgical coal prices above $260/ton.
From 5 August to 10 September 2021, coal production in Australia is severely restricted due to the Covid-19 outbreak last month. The reduction in supply from Mongolia to China caused Chinese steel companies to buy Australian raw materials from Asian traders. In 2020, the Chinese government imposed a ban on coal imports from Australia.

T&G International Joint Stock Company

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