Weekly global coal market news summary (Feb 11 –Feb 14)

sxcoal.com General 2018-02-14 10:25:00

China urges U.S. restraint on steel imports

China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in a probe into steel imports, an official with Chinese Ministry of Commerce (MOFCOM) said on February 13.


Wang Hejun, the head of MOFCOM's Trade Remedy and Investigation Bureau, made the comments ahead of a meeting later in the day between U.S. President Donald Trump and a group of U.S. lawmakers to discuss trade. Trump is mulling whether to takes steps to limit steel and aluminium imports seen as damaging to U.S. businesses.


Global thermal coal demand will outpace supply in 2018, Noble analyst

Global thermal coal demand will outpace supply in 2018, leading to a strong market driven by rising demand from top buyers India and China, the chief coal analyst at Noble Resources said on February 13.


Coal demand this year will increase by 48 million tonnes, or 5% higher than 2017, to 974 million tonnes, said Rodrigo Echeverri, the head of hard commodities research at Noble, at the Coaltrans India conference in Goa. However, supply this year will only expand by 38 million tonnes.


Wind energy installations continue to grow, WWEA

The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539.291 GW, preliminary showed statistics from World Wind Energy Association (WWEA).


A WWEA report, released on February 12, further showed that 52.552 GW of wind energy capacity were added last year, slightly more than in 2016 when 51.402 GW went online.


Australia's Aurizon cuts coal haulage guidance due to QCA's draft plan

Australian rail firm Aurizon has cut its forecast coal haulage volumes to 210-220 million tonnes for the 2017-18 fiscal year ending 30 June from 215-225 million tonnes, as it changes its maintenance plans in Queensland to compensate for lower regulator-approved revenues in its networks business.


The change in maintenance planning could cut Queensland coal haulage capacity by 20 Mtpa or more out until 2021, Aurizon told investors at its half-year results on February 12.


TerraCom upgrades coal reserve and extends Blair Athol mine life

TerraCom has secured an extension to the mine life at the Blair Athol thermal coal operation in Queensland.


The company has upgraded Blair Athol's JORC reserves from 15.6 million tonnes to 18 million tonnes after working with Deswik Mining Consultants at the operation since last September.


India's coal demand growth in non-regulated sector to be higher

As a primary source of energy, coal will continue for some more time in India and its demand in the non-regulated sector is expected to be higher than the regulated sector like power, a study said.


"Coal to continue enjoying demand for some more time in India. Even in the most adverse scenario, as of second quarter 2017, it appears that the demand for coal in India, as a source of primary energy, shall expand until 2030 and perhaps beyond," said the study "Coal Vision 2030".


South Africa Dec thermal coal exports up 12.6% YoY

South Africa's thermal coal exports reached 7.82 million tonnes in December, falling 1.37% month on month but up 12.58% from the year prior, showed customs data.


India remained the largest taker of South African thermal coal in December, importing 3.79 million tonnes, increasing 123.79% on the year and 17.92% from November.


Indian government allocates 11 coal mines to CIL

Aiming to increase the annual coal production capacity, Indian government has allocated eleven coal mines to Coal India Ltd (CIL) under provisions of the Coal Mines (Special Provisions) Act, 2015 and the MMDR Act, 1957.


In a written reply to a question in the Upper House of the Parliament on February 9 Union Coal Minister Piyush Goyal mentioned that the new coal blocks will add about 225 million tonnes coal in its collective annual production capacity.


Coal India Q3 profit up 4.2% at Rs3,004 crore

State-run miner Coal India Ltd (CIL) on February 10 reported a 4.21% increase in its consolidated net profit at Rs3,004.79 crore ($4.67 million) for the quarter ended December 2017.


The company had posted a net profit of Rs2,883.27 crore during the October-December quarter of the previous fiscal, CIL said in a regulatory filing. Total income during the quarter under review stood at Rs22,484.14 crore. It was Rs23,064.65 crore in the corresponding period of the last fiscal.


Australia's Aurizon scraps rail plan in latest blow to Adani coal project

Aurizon Holdings Ltd has scrapped plans to build a rail line that could have served Indian conglomerate Adani's long-delayed coal project in Australia, Aurizon and the Australian government said on February 9.


The country's biggest coal hauler had applied for a loan from the government-run Northern Australia Infrastructure Facility (NAIF) to build a rail line from the Galilee Basin to transport coal nearly 400 km (250 miles) to the coast from a number of proposed projects.


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

Share this article
Connect with us

Editors Recommendations

1 China Coal Daily Track (Jul 16) 2018-07-16

Domestic market Coal sales remained poor in Yulin city late last week, Shaanxi province, with inventory shoring up and prices down about 10-20 yuan/t. In Ordos, Inner Mongolia, sales also tu

2 China H1 coal output rises 3.9% on yr 2018-07-16

China produced 1.697 billion tonnes of raw coal in the first half year, according to data from the National Bureau of Statistics on July 16, up 3.9% compared with the same period last year.

3 Coal India expects 322 mln T from ongoing projects in FY2018-19 2018-07-16

Coal India Ltd on July 14 said as many as 119 major ongoing coal projects are expected to contribute about 322 million tonnes to its estimated production in the current fiscal. Among ongoing projects,

4 China Coal Jun polyethylene output jumps 86.7% on yr 2018-07-16

China Coal Energy Co., Ltd, the listed arm of China National Coal Group, produced 56,000 tonnes of polyethylene (PE) in June, jumping 86.7% year on year, said the company in a statement on July 13.

5 Chinese domestic thermal coal prices down further as weak demand bites 2018-07-16

Affected by weakening demand, China's domestic thermal coal prices suffered another 5 yuan/t drop late last week, following a similar decline a day earlier, as utilities buyers were not interested in

6 China ports' import restriction continues to dent thermal coal deals 2018-07-16

Chinese buyers' purchase for import thermal coal remained sluggish on the whole, as import restriction continued to curb inflows at some ports, in addition to reluctance of utilities to buy from overs

7 As China's H2 GDP growth looks set to cool, trade battle looms as biggest risk 2018-07-16

China is expected to report a modest slowdown in second-quarter economic growth on July 16, as the government's efforts to tackle debt risks crimp activity and a trade war with the United States threa

8 China H1 power generation increases 8.3% on yr, NBS 2018-07-16

China generated a total 3,194.5 TWh of electricity in the first half of this year, a year-on-year rise of 8.3%, showed data from the National Bureau of Statistics (NBS) on July 16. Output

9 China's top steel city curbs heavy industry output for five days on smog alert 2018-07-16

China's top steelmaking city, Tangshan, has ordered steel mills to shut sintering plants and asked that coke and cement factories curb output for five days due to forecasts of heavy smog over the week

10 China posts marked rise in rail coal shipment this yr 2018-07-16

China logged an accelerated growth of rail coal shipment after the central government ordered major production regions and railway authorities to boost coal delivery to secure supply and stabilize pri

Most Read Articles

1 Indonesian coal ships stranded after regulating policy introduces 2018-07-10

Traders with old Tanda Registrasi and associated Ekspor Terdaftar licences to export coal since July 1, 2018 have been forbidden to do so, according to Wood Mackenzie. "Market rumours sug

2 China June power coal price index up 2.56% MoM 2018-07-12

China's monthly-issued price index of power generation coal increased 2.56% month on month to 528.57 yuan/t in June, rebounding from three-month falls, and 7.67% higher from a year ago, showed data

3 China import coal trades below expectations; offer prices mixed 2018-07-09

Few trades were heard clinched on import coal for China, with most cargoes in the hand of traders who gave varied offer prices. Low-CV Indonesian coal of 3,800 Kcal/kg NAR was offered at

4 Rising supply, trade tensions expected to depress iron-ore market 2018-07-09

Iron ore is starting to buckle after a series of warnings that prices are set to drop as global supply rises, and as investors fret about the potential impact of escalating trade tensions between the

5 High offers crimp Chinese thermal coal import trades 2018-07-10

China's import trades of thermal coal remain tepid as foreign offers keep at a high level, even after Chinese yuan started to strengthen. Coal prices have been stable in recent days, said

6 China coastal coal freights rebound as demand from utilities climbs 2018-07-09

China's coastal coal freight rates started to rebound in recent days, as shipping demand showed signs of recovery from utilities which saw rising coal burns amid hot days. Noticing that t

7 Indonesian low-CV thermal coal prices firm amid supply shortage 2018-07-12

Coal supply from Indonesia, the world's top thermal coal exporter encountered a slowdown recently, due to continuously rainy weather, supporting prices of the power generation material to stay firm.

8 CHN Energy slashes Jul-term contract coal prices, sources 2018-07-11

China Energy Investment Group, also known as CHN Energy, has reduced its monthly contract prices of thermal coal for July delivery, market sources said. The coal giant asked its subsidiar

9 Shanghai steel firm as China capacity cuts outweigh tariff woes 2018-07-09

Chinese steel prices recovered from early losses to trade firmer on July 6 as Beijing's efforts to cut production capacity as part of its pollution fight have countered concerns over U.S. tariffs on $

10 N China ports see stable thermal coal prices after declines 2018-07-09

Northern China ports saw thermal coal prices stabilize late last week after a fortnight of weakening, thanks to slightly recovered purchase from power plants. Noting strengthening spot ma