Weekly China coal market news summary (Sep 4-Sep 8)

2017-09-08 14:32:00 sxcoal.com

China's 90 large coal producers Jan-Jul output up 6.9% YoY

China's 90 large coal producers produced a total of 1.41 billion tonnes of raw coal over January-July, edging up 6.9% year on year, showed data from the China National Coal Association (CNCA).

The top ten coal enterprises produced a total 840 million tonnes of raw coal over the same period, accounting for 60% of the total output produced by the 90 coal producers, the CNCA data showed.

China Aug coal imports down 4.96pct on yr

China imported 25.27million tonnes of coal in August this year, falling 4.96% from a year ago but up 29.86% from July, showed data from the General Administration of Customs on September 8.

The value of coal imports in August reached $1.96 billion, up 43.06% on the year and up 22.5% on the month. That translated to an average price of $77.56/t, growing 50.54% on year but down 5.67% from July.

China Aug coal exports down 92.11% on yr

China exported a total 60,000 tonnes of coal in August, slumping 92.11% on the year and 87.5% from July, showed data from the General Administration of Customs (GAC) on September 8.

The value of the August exports was $11.45 million, falling 78.14% from a year ago and 81.58% from July. That translated to an average price of $190.83/t, increasing 47.38% month on month and 176.89% year on year.

China Aug steel products imports down 10.81pct on yr

China imported 0.99 million tonnes of steel products in August, falling 10.81% year on year but increasing 1.02% month on month, showed the latest data from the General Administration of Customs (GAC) on September 8.

The import value totaled $1.21 billion, rising 2.54% from a month ago.

Shanxi Jan-Jul raw coal output up 6.6% YoY

The above-sized coal producers (main business revenue above 20 million yuan) in Shanxi saw its raw coal output of 492.86 million tonnes over January-July, up 6.6% year on year, showed data from Shanxi Provincial Bureau of Statistics.

Added-value of mining and washing industry in Taiyuan totaled 4.95 billion yuan ($75.8 milllion) during the same period, rising 20.4% on the year.

Shanghai Jan-Jul coal imports leap 16.7pct

Imports of coal including lignite through Shanghai customs stood at 8.34 million tonnes in the first seven months this year, climbing 16.7% from the preceding year, showed customs data.

Total value of the imports was 4.15 billion yuan ($628.8 million), a year-on-year increase of 110%. That translated to an average import price of 498.2 yuan/t, soaring 77.2% from the year prior, the data showed.

Ganqimaodu coal imports exceed 2016 figures

Ganqimaodu border crossing imported a total 12.92 million tonnes of coal as of September 4 this year, exceeding 2016 figures, said Bayannur government.

The surge of coal imports was mainly attributed to tight supply in domestic market as China has been putting great efforts in slashing surplus coal capacity since 2016.

China unveils the top-50 coal enterprises, CNCA

Chinese top-50 coal enterprises were unveiled to the public recently, announced by China National Coal Association (CNCA), which made the list as a reference for those who are interested in the development of China's coal industry.

The top-50 list of coal companies is compiled based on their 2016's revenue in accordance with the international practices, said the CNCA.

China Beijing-Tianjin-Hebei region to reduce 11.2 Mt coal use this yr

China's Beijing-Tianjin-Hebei region would reduce 11.2 million tonnes of coal use this year, in a concerted effort to battle rampant air pollution, said an action plan issued by several ministries late last month.

Beijing, Tianjin and Hebei would cut coal consumption by 2.6 million, 2.6 million and 6 million tonnes in 2017, respectively, said the plan.

Shenhua Baoshen Railway outstrips transport target in Aug

Baoshen Railway Group, a wholly-owned subsidiary of coal giant Shenhua Group, transported 16.49 million tonnes of cargoes in August, outstripping the targeted 15.79 million tonnes for the month, said Shenhua Group on its website.

The volume was also 3.22 million tonnes or 24.3% higher than the year-ago level, said the group.

Taiwan Jul coal imports up 7.82% YoY

Taiwan imported 6.34 million tonnes of coal in July, up 7.82% year on year and 14.2% from a month earlier, showed latest data from Taiwan Customs.

The value of coal imports totaled $618 million in July, soaring 70.93% from the year-ago level. That translated into an average price of $97.5/t, increasing 58.5% year on year.

Inner Mongolia distribution cos Jan-July coal sales increase rapidly

Coal distribution companies in coal-rich Inner Mongolia witnessed a surge in coal sales in this year, thanks to rising demand.

The above-sized wholesale and retail distribution companies, with annual revenue respectively above 20 million and 5 million yuan, sold 141.82 million tonnes of raw coal in the first seven months this year, increasing 12.6% year on year, up from 1.7% year-on-year increase a year earlier, showed data from Inner Mongolia Bureau of Statistics.

Hubei Aug coal consumption up 5.7% YoY

Central China's Hubei province consumed 4.26 million tonnes of coal in August, up 5.7% year on year and 1.1% from July, showed data from the provincial Development and Reform Commission.

In the same month, Hubei province delivered 3.57 million tonnes of thermal coal to centrally dispatched power plants, in order to meet its seasonal peak electricity consumption.

Four coal mines targeted for closure halt production in Anhui

Four coal mines in eastern China's Anhui province, earmarked for closure this year, had halted production by the end of August, said the provincial Energy Bureau.

These mines include Huaibei Xinguang Group Jinshi Mining, Huainan Mining Industry Group Xinzhuangzi mine, Huaibei Mining Industry Group Daihe mine and Wanbei Coal-Electricity Group Liuqiao No. 1 mine, with a combined capacity of 7.05 Mtpa.

China Handan achieves 2017 capacity cut targets ahead of time

Handan city in northern China's Hebei province had fulfilled the 2017 de-capacity targets in sectors like coal and steel by the end of August, as part of efforts to push supply-side structural reform, said local authorities.

Handan set goals early this year to reduce capacity of coal 1.81 Mtpa, coal-fired power 0.307 GWh, coke 3.5 Mtpa, steel 3.54 Mtpa and pig iron 4.84 Mtpa in 2017.

China central province to shut coal mines below 0.3 Mtpa capacity

Henan province in central China pledged to close small coal mines with capacity below 0.3 Mtpa, as part of the efforts to step up eliminating backward capacity.

Coal mines having halted production or construction for long, those with exhausted resources, and those state-owned and consolidated mines with no hope to reverse losses will also be shut down, said Zhang Leiming, head of the provincial administration of coal mine safety.

Guangzhou port denies ban on coal imports

Guangzhou Port Group, owner of the largest coal transport hub in southern China, has denied market talks about a ban on coal imports in a statement published on its website on September 1.

The statement was released in response to market talks spreading among traders that foreign coal imports will be banned at Guangzhou port. The government already banned coal imports at small ports in July.

China's Premier urges coal capacity cuts despite price hike

China's Premier Li Keqiang required to prevent inferior coal mines from reopening especially when coal prices are rising, a report posted on the central government's website showed on September 4.

"Low-grade coal capacity must be eliminated to make way for the advanced," Li said during his visit to Shigejie, a coal mine in Shanxi, one of major coal mining bases in the country.

SDIC Power H1 net profit down 13.21% YoY

Shanghai-listed SDIC Power Holdings Co., Ltd achieved net profit attributable to shareholders of 1.29 billion yuan ($197 million) in the first half of 2017, down 13.21% on the year, said the power producer and funder On August 31.

Per-share earnings decreased by 13.20% from a year ago to 0.1901 yuan during the period, showed the company's half-year report.

(Writing by Zoey Yan   Editing by Harry Huo)
For any questions, please contact us by inqury@fwenergy.com or +86-351-7219322.

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