https://www.engineeringnews.co.za
Coal|Export|Ports|rail|System
Coal|Export|Ports|rail|System
coal|export|ports|rail|system

Weekly Coal Index Report

Photo by African Source Markets

13th July 2020

     

Font size: - +

Almost all coal exporters are now looking to cut production quite significantly. Prevailing weak export markets, combined with fixed price take-or-pay rail and port contracts, are combining to ensure losses for almost every tonne mined now.

Higher quality producers can retain a competitive edge as buyers pick and choose their preferences right now. Australian exports are at their lowest levels in over 3 years, whilst SA exporters are also only loading minimally contracted tonnages.

A strengthening ZAR is not making matters easier for SA producers, with export netback pricing now in the R400’s for typical RB1 material.

In China, strong seasonal demand and import restrictions are favouring domestic producers again, whilst in India, thermal coal imports at major ports declined around 35% in April-June.

Locally, Eskom has seen Stage 2 load-shedding resume as winter peak demand outstrips system availability. SA is again suffering increasing levels of Covid-19 transmission and government is seeking ways to halt the spread, without devastating the economy again.

The respected former CEO of Eskom, Ian McRae, died on Sunday morning. He was 90 years old and a champion of Eskom’s “electricity for all” vision. Anglo American Coal’s July Ndlovu has meanwhile been appointed head of the World Coal Association. Congratulations.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 7 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.101 0.152s - 158pq - 2rq
Subscribe Now