FlashNewsAnalysis

  • Friday March 05,2021
  • 17:37:23
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    Data from sxcoal.com showed the truck shipping rate from Liumlin to Tangshan was at 210 yuan/t as of March 4, unchanged day on day and week on week, but down 80 yuan/t from a month earlier. It came 5.9% lower than the year-ago level.

  • 17:37:08
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    Data from sxcoal.com showed the shipping rate for 85,000 DWT vessels from Hay Point to Zhoushan stood at $16.98/t as of March 4, up $0.2/t from a day earlier. The rate was stable from a week ago, up $6/t from a month ago and up 66.4% from the year-ago level.

  • 15:03:40
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    Russia delivered 319,000 t of coal to China through Kraskino/Huichun border crossing in Feb, doubling the year-ago level.

  • 14:58:36
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    One major steelmaker in Shanxi requested to cut met coke prices by 100 yuan/t, effective Mar 7, adding to the total of 300 yuan/t decline since the Lunar New Year holiday if materialized.

  • 11:49:54
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    China pledges to reduce its energy consumption per unit of GDP, a gauge of how much energy is used in driving economic growth, by around 3% in 2021, Premier Li Keqiang said in the government work report on March 5.

  • 09:52:20
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    The main contract of coke for May delivery on the Dalian Commodity Exchange fell 36 yuan/t to open at 2,450 yuan/t on March 5. As of 9:40 a.m., the contract slumped 132 yuan/t or 5.3% to 2,354 yuan/t.

  • 09:52:08
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    The main contract of coking coal for May delivery on the Dalian Commodity Exchange edged down 1 yuan/t to open at 1,503 yuan/t on March 5. As of 9:40 a.m., the contract slumped 39 yuan/t or 2.59% to 1,464 yuan/t.

  • 09:51:50
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    The most-traded contract of rebar for May delivery on the Shanghai Futures Exchange fell 27 yuan/t to open at 4,822 yuan/t on March 5. As of 9:40 a.m., the contract slumped 202 yuan/t or 4.17% to 4,647 yuan/t.

  • 08:59:11
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    Coal exports from the Port of Vancouver in Canada were 31.55 Mt in 2020, down 14.5% YoY. Met coal exports fell 15% YoY to 21.55 Mt, hitting the lowest in 10 years. Thermal coal exports declined 13% to 9.74 Mt.

  • Thursday March 04,2021
  • 17:47:27
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    Coal washing plants at Jinquan Industry Park and Wuyuan in Wubulangkou of Inner Mongolia were informed verbally by local authorities to halt operation this month to curb energy consumption. Some have started to suspend production.

  • 17:45:11
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    South Africa's customs data showed its thermal coal exports reached 3.7 million tonnes in January, down 46.44% year on year and 42.64% month on month, hitting a multiple-year low.

  • 17:45:07
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    Prices of Mongolian #5 raw coking coal declined to 1,020-1,080 yuan/t on Mar 4, and some offers even dropped to less than 1,000 yuan/t, with accumulative reduction of around 150 yuan/t compared with levels ahead of the Lunar New Year holiday.

  • 17:42:21
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    The U.S. produced 1.59 Mt (1.75 mln short tons) of crude steel in the week to Feb 27, down 7% YoY and up 0.2% MoM, AISI data showed.

  • 15:17:10
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    The Sibanthracite Group will supply over 700,000 tonnes of PCI coal to China's top steelmaker China Baowu Group in 2021, sources reported. The two companies have recently signed a strategic partnership agreement.

  • 14:57:43
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    Coal dedicated Daqin railway transported 34.45 milllion tonnes of coal in February, up 45.3% YoY, operator Daqin Railway Co., Ltd. said in a statement on March 4.

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