The UK steel industry can expect a less severe outcome from the second lockdown planned for England from Nov. 5.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

Queensland shipped around 16.3mn t in October, according to initial shipping data compiled by Argus.

China's raw coal output declined 0.1 percent year-on-year to 2.79 billion tonnes in the first nine months of 2020, official data showed.

China's top economic planner has approved a coal mine construction project in the city of Yulin, northwest China's Shaanxi Province.

The country is also expected to remain the world's largest primary energy consumer despite slowing demand growth.

UK-Australian resources firm BHP is likely to spin out its thermal and lower-grade coking coal assets into a new firm, similar to the formation of South32 in 2015.

Australian coal producer New Hope is planning to cut 75pc of all corporate staff, including in its marketing and exploration sectors.