+
Chinese demand boosts deals at top coal conference
COAL & MINING

Chinese demand boosts deals at top coal conference

The burgeoning demand for thermal coal shipments in China, driven by a surge in and an increase in domestic prices of the polluting fuel, led to a flurry of deal-making at the world's largest industry conference held in Indonesia.

Traders who supplied China and officials from mining companies in Indonesia, the top exporter, were eager to negotiate deals during the three-day Coaltrans conference that concluded at Bali's Nusa Dua resort.

According to a presentation given at the conference by Rodrigo Echeverri, the head of commodities research at Noble Research, China's imports of the power-generating fuel are expected to increase by 100 million tonnes this year, reaching a record 329 million tonne.

Additionally, they are projected to rise by another 49 million tonne in 2024. While China's economic growth is being adversely affected by a troubled property market, the increased demand for electricity and coal has been propelled by extreme weather conditions and economic growth in other sectors.

The burgeoning demand for thermal coal shipments in China, driven by a surge in and an increase in domestic prices of the polluting fuel, led to a flurry of deal-making at the world's largest industry conference held in Indonesia. Traders who supplied China and officials from mining companies in Indonesia, the top exporter, were eager to negotiate deals during the three-day Coaltrans conference that concluded at Bali's Nusa Dua resort. According to a presentation given at the conference by Rodrigo Echeverri, the head of commodities research at Noble Research, China's imports of the power-generating fuel are expected to increase by 100 million tonnes this year, reaching a record 329 million tonne. Additionally, they are projected to rise by another 49 million tonne in 2024. While China's economic growth is being adversely affected by a troubled property market, the increased demand for electricity and coal has been propelled by extreme weather conditions and economic growth in other sectors.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?