Despite several official directives issued earlier urging coal miners to expand production, supply of thermal coal remained tight in China, with traders reporting difficulties in securing railway capa
Prices of thermal coal, used
mainly for power generation, continued to fly high in September, after recovering
from a brief decline that ended in late August, beating market expectations of
Combined coal stocks of China's
six major coastal power enterprises dropped below 10 million tonnes on
September 19, the first time in more than five months.
The stocks level,
Experts' remarks may pour cold water on China's
coal chemical runners who had been immersed in joy since 15 central ministerial
departments issued a document that the country will vigorously promote
Thermal coal prices increase slightly in northern China's Inner Mongolia early this month, said the regional development and reform commission.
In the first ten days of September, thermal
Prices of thermal coal, used mainly for power generation, are not likely to spike sharply in China in the fourth quarter, as utilities have started to restock early in September to avoid supply crunch
Coal consumption is estimated to constitute 22% of all energy by 2040, decreasing from present 27%, said International Energy Agency (IEA) in a report recently.
IEA also forecast coal wil
China's met. coke market has kept brisk for nearly three months with nine price hikes totaling 660 yuan/t since late June. However, the buoyancy seemed have weakened this week.
Supply tension of coking coal, one
coke making material, was seen easing in northern China's Shanxi province, market
sources said, mainly due to waning demand from downstream coke and steel makers.
China's coking coal futures market had been
in an upward trend for months but suddenly fell off a cliff on September 15, and
continued dropping the next trading day.
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Mongolia's coal miners are looking to ramp up production to meet growing demand from top buyer China, but longstanding transportation issues continue to hold back sales, Reuters reported on September
China's coking coal futures plunged almost 8% in afternoon trading on September 15 and were on track for their biggest one day drop since the contract's launch in 2013 on chart-based selling amid worr
Coal-rich Shanxi province publicized the first batch of coal-fired power plants to be shut in 2017, totaling 840 MW, said an official notice.
The move, involving five power companies, is
In view of current coal shortage in the power plants, the supply of the fossil fuel would improve over the next 15-20 days, IANS reported on September 9, citing the Union Railways and Coal minister Pi
Steel and iron ore futures in China advanced on September 12, regaining some lost ground after a five-day retreat, with demand seen remaining intact in the world's top consumer of both commodities.
Chinese central and local governments are committed to huge spending in the coming three years to ensure clean winter heating in 12 cities in northern China.
Those cities, including Shiji
A 100-MW floating photovoltaic
(PV) power project was reported to be connected to gird recently in Zhuanghe
city of Liaoning province, marking the largest solar power plant in
northeastern China ha
A total of 24 coal enterprises are ranked on the list of China's top 500 companies this year, two less than a year ago, showed the list on September 10 published by China Enterprise Confederation (CEC
China's State Council made public a guideline to support the economic transformation of coal-rich Shanxi province, Xinhua News Agency reported on September 12.
By 2020, the share of coal
Thermal coal prices increase slightly in northern China's Inner Mongolia last month, said the regional development and reform commission.
In August, thermal coal mine-mouth prices average