{
    "success": true,
    "data": {
        "id": 1750724,
        "msgid": "coal-prices-jump-for-third-day-amid-indias-mega-project-1779545944",
        "date": "2026-05-20 08:15:22",
        "title": "Coal Prices Jump for Third Day Amid India's Mega Project",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Coal prices rose for a third consecutive session, closing at $139.4 per troy ounce on 19 May 2026, up 1.01% and extending a 4.5% gain over three days. The rally is linked to India's planned steel capacity expansion, which could drive metallurgical coal imports toward nearly 6 billion tonnes in coming decades and potentially lift import costs toward $1 trillion, depending on policy and technology choices.",
        "content": "<p>Jakarta, CNBC Indonesia \u2013 Coal prices rose for a third straight\nsession. Refinitiv data show that on Tuesday trading (19 May 2026), coal\nprices closed at $139.4 per troy ounce, up 1.01%. This extends the\npositive trend with a 4.5% gain over the last three days. Coal prices\nwere also at their weakest since 31 March 2026, more than 1.5 months\nago. The surge in prices is supported by news from India. India\u2019s plan\nto expand its steel capacity is expected to push cumulative imports of\nmetallurgical coal toward 6 billion tonnes in the coming decades,\npotentially triggering import bills of nearly $1 trillion. As India aims\nto reach 300 million tonnes per year of crude steel capacity by 2030,\naround 64% of the 382 million tonnes of capacity under development\nrelies on blast furnace technology that heavily uses coal. With an\naverage requirement of 770 kilograms of metallurgical coal per tonne of\nsteel, the planned blast furnace capacity alone could require an\nadditional 140 million tonnes of coal per year, nearly doubling current\nsupply. Import dependence and projections: Currently, the Indian steel\nsector imports 90% of metallurgical coal needs, as domestic coking coal\ncontains high ash and sulfur contents not suitable for steelmaking.\nMetallurgical coal imports rose 9.4% year-on-year in 2025, reaching more\nthan 83.1 million tonnes, and are projected to reach 149 million tonnes\nby 2035 from around 94 million tonnes in 2026, according to S&amp;P\nGlobal estimates. Demand for coking coal is expected to rise sharply\nfrom 87 million tonnes in FY25 to 135 million tonnes by 2030, driven by\nexpansion of the steel industry under the National Steel Policy. The\nblast furnace - basic oxygen furnace pathway accounts for about 65% of\ninstalled capacity and consumes 95% of total Indian metallurgical coal\ndemand. Meanwhile, the Chinese thermal coal market has stagnated due to\nweak demand from the energy and industrial sectors, while market\nsentiment remains cautious. Several key factors include tepid demand and\ncautious sentiment. Domestic electricity consumption has declined as the\nsummer remains relatively mild and energy savings measures in the\nindustrial sector. Power plants are buying coal more cautiously due to\nstock levels that remain adequate. Traders and buyers have held back on\nlong-term contracts due to fluctuations in global and domestic coal\nprices. Policy uncertainty and potential environmental regulations also\nadd caution to the market. Analysts expect the market to become more\nactive as electricity demand rises ahead of winter or when industrial\ndemand surges. However, oversupply and buyer caution could cap price\ngains in the near term.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coal-prices-jump-for-third-day-amid-indias-mega-project-1779545944",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}