www.coalchina.org.cn, weekly international reports--Indian coal...

www.coalchina.org.cn, weekly international reports

--Indian coal trader Iman Resources recently released data showing that in January India imported a total of 20.687 million tons of coal and coke, a increase of 17.27%

--According to Reuters, the Russian government stated on February 29 that it will re-impose flexible export tariffs on coal exports linked to the ruble exchange rate from March 1. The tariffs are valid until February 28, 2025 and range from 4% to 7% depending on the national currency exchange rate. If the ruble exchange rate to the dollar is below 80 rubles, no tariffs will be imposed.

--Foreign trade statistics from the Turkish Statistics Institute (TUIK) show that in January 2024, Turkey’s coal imports totaled 3.5321 million tons, a increase of 20.98%

--Data released by Australia's Brisbane Port Company (PBPL) shows that in January 2024, the coal export volume was 258,000 tons, an increase of 65,400 ton an increase of 33.94%;
（ only 258'000 tons?? maybe Brisbane is a small port for coals, I don't know）

--On February 27, the U.S. Energy Information Administration (EIA) released the latest "Monthly Energy Review" showing that in January 2024, U.S. coal production was 42.95 million short tons (38.9636 million tons), a decrease from 51.01 million short tons in the same period last year. 15.8%, a decrease of 8.5% from 46.94 million short tons in the previous month.

--On February 23, the United States expanded sanctions on Russia’s energy, mining and metallurgical sectors, adding Russian coal companies Siberian Coal Energy Company (SUEK) and Mechel Group (Mechel) to the sanctions list. It is reported that the U.S. Treasury Department will only allow transactions with these companies until April 8, 2024. In addition, companies listed on the sanctions list are deprived of the possibility of settlement in US dollars, and their counterparties are also exposed to the risk of secondary sanctions.

--Trade statistics from the Ministry of Finance of Japan show that Japan’s total coal imports in January 2024 were 15.2322 million tons, That month, Japan's coal imports amounted to 430.036 billion yen (approximately A$4.38 billion), Based on this calculation, the average coal import price for the month was 28,231.98 yen/ton (A$287.83/ton)

maybe these are the reasons to push NewC towards 150usd