Weekly China coal market news summary (Nov 27-Dec 1)

2017-12-01 13:53:00 General sxcoal.com

China Oct coking coal imports up 2.2% YoY

China imported 5.27 million tonnes of coking coal in October, edging up 2.2% year on year but down 12.6% from September, showed data from General Administration of Customs.


The decrease of coking coal imports was mainly attributed to production restriction during heating season and China National Day Holiday.


China coal industry Jan-Oct profit surges 7.29 times on yr

China's above-sized enterprises in mining and washing industry witnessed their profits soar 628.8% from a year ago to 250.63 billion yuan over January-October, showed the latest data from the National Bureau of Statistics (NBS) on November 27.


During the same period, the main business revenue of above-sized coal enterprises (annual revenue from main business above 20 million yuan) totaled 100.1 trillion yuan, up 12.4% from the year prior.


China's 90 large coal producers Jan-Oct output up 8.2% YoY

China's 90 large coal producers produced a total of 2.03 billion tonnes of raw coal over January-October, up 8.2% year on year, showed data from the China National Coal Association (CNCA).


The top ten coal enterprises produced a total 1.22 billion tonnes of raw coal over the same period, accounting for 60.1% of the total output produced by the 90 coal producers, the CNCA data showed.


Shandong Oct raw coal output at 11.19 Mt

Eastern China's Shandong province produced 11.19 million tonnes of raw coal in October, with total raw coal output at 105.69 million tonnes over January-October, showed data from Shandong Administration of Coal Industry.


Provincial-owned mines produced 81.88 million tonnes of raw coal during the same period, dipping 0.4% from the preceding year, while raw coal output at municipal-owned mines at 23.8 million tonnes, down 4.1% on the year.


Guangdong Oct coal imports up 3.56% YoY

Southern China's Guangdong province imported 4.87 million tonnes of coal in October, increasing 3.56% year on year but down 27.85% from September, showed data from the General Administration of Customs.


Total value of October's coal imports reached $363.7 million. That translated into an average price of $74.75/t, rising $14.19/t from September but down $0.9/t from the preceding year.


Datong Coal fulfills 91% term contracts in first 10 mths

Shanxi-based Datong Coal Mine Group, one leading Chinese coal producer, supplied 17.47 million tonnes of term contract coal to major power generators over January-October this year, or 91% contract fulfillment, local media reported.


Datong Coal is expected to supply 23.1 million tonnes term contract coal for the whole year of 2017, based on its annual term contracts signed with the nation's top five power groups, China Resources Power, and State Development and Investment Corporation, reported Datong Daily.


Shenhua Group officially renamed China Energy Investment Corp.

China's No.1 coal miner officially renamed China Energy Investment Corporation Limited and completed related registration of changes in the business license, said its listed subsidiary China Shenhua Energy Company in an announcement on November 27.


The new company, merged by Shenhua Group and the country's leading power enterprise China Guodian Corporation, is registered with capital up to 102.1 billion yuan ($15.48 billion), said the announcement.


Beijing knocks out over 4,450 coal-fired boilers

China's capital city Beijing has phased out 4,453 coal-fired boilers with capacity at 13,259 t/h by far this year, the final year of a five-year action plan, Xinhua News Agency reported on November 26, citing Beijing Municipal Environmental Protection Bureau.


The eliminated capacity, 3.3 times of this year's target, equates to a reduction of 3 million tonnes of standard coal each year, helping cut smoke and sulfur dioxide by 5,500 tonnes and 6,600 tonnes annually, the report said.


Guizhou to shut 1.14 GW coal-fired power units by 2020

Southwestern China's Guizhou, one of the major coal-producing provinces in the country, plans to shut power units with combined generating capacity at 1.14 GW by 2020, officials said in a news conference on November 24.


The province will upgrade operating coal-fired power units for energy conservation during the same period, with total capacity at 17.16 GW. Coal consumption of newly-added coal-fired power units should be below 300 g/KWh of standard coal.


Gansu makes better use of clean energy for heating to cut coal burns

Northwestern China's Gansu province has been actively making use of clean energy sources to replace coal for winter heating in an effort to combat air pollution, state media reported.


By end-October this year, 823 households in Gansu used electric boilers or heat pumps for heating purpose in an area of nearly 9.6 million square meters, China News reported on November 28.


China Nov official factory PMI rises to 51.8

Growth in China's manufacturing sector unexpectedly picked up in November, despite a crackdown on air pollution and a cooling property market that have been widely expected to weigh on the world's second-largest economy.


The official Purchasing Managers' Index (PMI) released on November 30 stood at 51.8 in November, compared with 51.6 in October and comfortably above the 50-point mark that separates growth from contraction on a monthly basis.


China Bohai-rim ports may see coal handling surge in 2017, industry insider

China's Bohai-rim ports are expected to see a surge in coal handlings this year, as rebounded thermal coal market has greatly boosted market participants' sentiment of shipping coal from these transfer ports.


Coal handlings are likely to hit 676 million tonnes at Bohai-rim ports in 2017, a climb of 80 million tonnes or 13.4% from a year earlier, according to an industry insider.


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

Editors Recommendations

1 China thermal coal prices still in the uptrend; Jan market may wane 2017-12-18

Thermal coal prices continued to edge up at northern China ports, sustaining an uptrend that has lasted for more than three weeks, though the market may weaken in January with authorities expected to

2 A snowfall cools down emerging price rise at N. China coal production bases 2017-12-18

A widespread snowfall recently not only blanked northern China in white, but also cooled down coal miners' enthusiasm for raising prices of slack coals. Market sources reported some miner

3 Inner Mongolia power output up 11.44% YoY in Jan-Nov 2017-12-18

Utilities with capacity of 60 GW and above generated a total 401.99 TWh of electricity in northern China's Inner Mongolia autonomous region from January to November, up 11.44% from a year ago, data sh

4 Fujian Jiangyin port coal imports up 17% on yr in Jan-Oct 2017-12-18

Jiangyin port, one emerging key part of Fuzhou port in Southeastern China's Fujian province, imported 1.89 million tonnes of coal in the first ten months, up 17% from a year ago, said Fujian Inspectio

5 Sichuan Coal sheds 3.36 Mtpa coal capacity 2017-12-18

Sichuan Coal Industry Group, one major coal firm in southwest China, has eliminated 3.36 Mtpa backward coal capacity so far this year through closure of four mines and capacity reduction of one mine,

6 China anthracite coal price edges up in early Dec, NBS 2017-12-18

Market price of washed mid-lump anthracite in China rose 0.4% from the previous ten-day period to 1,130.3 yuan/t in early December, showed date from the National Bureau of Statistics. Mea

7 Jincheng Anthracite to buy industrial gases from Air Products 2017-12-18

Shanxi Jinmei Huayu Coal Chemical Co., Ltd, one subsidiary of Jincheng Anthracite Mining Group, has signed an agreement with world-leading industrial gases company Air Products, in a bid to get supply

8 China unveils 2017-21 plan for clean winter heating 2017-12-18

China will shift northern Chinese cities to clean heating during the winter by 2021, according to a statement jointly issued by ten government authorities. The government has made "concre

9 Weekly global coal market news summary (Dec 11-Dec 15) 2017-12-15

India government favors petcoke import ban, U.S. would be biggest loser India's government is in favor of banning imports of petroleum coke on environmental grounds, according to a government

10 Seaborne thermal coal prices rally to five-week high 2017-12-15

Prices of seaborne thermal coal selling into China have risen to the highest in about five weeks, boosted by a flurry of enquiries from Chinese buyers. Offer prices for Indonesian 3,800 K

Most Read Articles

1 China's anti-pollution efforts get a reality check 2017-12-11

China's efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter te

2 Chinese coal giants lift monthly contract price for Dec 2017-12-12

Chinese major coal firms adjusted up monthly contract prices for December by 11.4%, sending upside signals to the market, sources said. It came as these conglomerates were upbeat ab

3 AIIB loans Beijing $250 mln on "coal-to-gas" 2017-12-11

Asian Infrastructure Investment Bank (AIIB) approved a loan of $250 million to Beijing in constructing natural gas transmission pipeline network with coverage of nearly 510 villages with 0.22 million

4 China urges coal firms to release advanced capacity to offset gas shortages 2017-12-15

China's National Energy Administration pressed coal firms to properly release some advanced coal capacity to ensure winter heating for millions of households in northern areas, said the authority in a

5 Indonesian coal prices run up on increased trades 2017-12-11

Increased buying interest pushed Indonesian thermal coal prices higher in the seaborne market; Indian buyers showed great appetite and southern Chinese utilities maintained purchase for the fuel.

6 India government favors petcoke import ban, U.S. would be biggest loser 2017-12-12

India's government is in favor of banning imports of petroleum coke on environmental grounds, according to a government affidavit filed with the country's top court, which could be a big blow to U.S.

7 China Nov raw coal output down 2.7% YoY, NBS 2017-12-14

China's above-sized enterprises (whose annual major business revenue reaches over 20 million yuan) mined 299.98 million tonnes of raw coal in November, a decrease of 2.7% year on year, showed data

8 South Korea may only switch one planned coal power plant to gas 2017-12-11

Only one of South Korea's planned coal power plants is likely to be converted to gas, the country's energy minister said on November 8, despite government efforts to switch four out of nine coal plant

9 Inner Mongolia Nov coal prices dip MoM 2017-12-11

Mine-mouth prices of thermal coal dipped in China's coal-rich Inner Mongolia in November, as supply increased with release of more advanced capacity. The average mine-mouth se

10 Clean energy to exceed coal in China's power generation 2017-12-11

Clean energy, including nuclear power and renewable energy, is expected to exceed coal in China's electricity generating capacity in about ten years, a senior official has said. China's i