Weekly China coal market news summary (Mar 5-Mar 9)

sxcoal.com 2018-03-09 17:37:00

China Feb coal exports surge 66.55pct MoM

China's coal exports in February stood at 468,000 tonnes, soaring 66.55% on the month, showed data released by the General Administration of Customs on March 8.

The volume is almost unchanged from 0.47 million tonnes in the same month a year ago.

China Feb coal imports rise 18.25pct on yr

China's coal imports stood at 20.91 million tonnes in February, rising 18.25% from a year ago, showed data from the General Administration of Customs (GAC) on March 8.

The import value totaled $1.78 billion, up 10.49% on the year.

China Feb coke exports fall 20.12pct YoY

China exported 647,000 tonnes of coke and semi-coke in February, down 20.12% on the year and 6.64% on the month, showed data released by the General Administration of Customs on March 8.

In February, the value of exported coke went down 16.54% on the year to $197.4 million, translating to an average export price at $305.10/t, up 6.14% from a month ago and 4.49% from the year prior.

China Feb steel products imports down 5.78pct on yr

China imported 1.03 million tonnes of steel products in February, down 5.78% year on year and 13.77% month on month, showed preliminary data from the General Administration of Customs (GAC) on March 8.

The import value totaled $1.26 billion, rising 11.48% year on year yet down 15.07% month on month, data said.

China sets ceiling on energy consumption in 2018, NEA

China plans to control its energy consumption at 4.55 billion tonnes of standard coal in 2018, said the National Energy Administration on March 7 in a guideline.

The guideline noted the proportion of non-fossil energy use will be raised to 14.3% and that of natural gas to 7.5%, while coal consumption will be down to 59%.

Hebei to phase out backward steel and iron capacity by 20 Mtpa in 2018

Northern China's Hebei province vowed to cut surplus steel and iron capacity by 10 million tonnes per annum (Mtpa) each in 2018, reported The Beijing News, citing Hebei Provincial  People's Congress's draft on March 8.

The province eliminated a total of 69.93 million tonnes of backward steel-making capacity as well as 64.42 million tonnes of iron-making capacity in the past five years.

Hunan to control energy production and consumption in 2018

Central China's Hunan province aims to control energy production as well as consumption in 2018, showed an announcement issued by Hunan Provincial Development and Reform Commission on March 7.

In detail, Hunan province would try to control energy production volume at around 42 million tonnes of standard coal in 2018, with coal production at 20 million tonnes.

Shaanxi Coal and Chemical 1.8 mln T CTG project on record

Shaanxi Coal and Chemical Industry Group recently submitted its 1.8-million-tonne coal-to-glycol (CTG) project to Yulin Municipal Development and Reform Commission and the project has been put on record, reported industry portal sxcoal.com on March 8.

As the phase I demonstration project of the company's newly funded coal-to-chemical project, the project will be constructed by Shaanxi Coal and Chemical Yulin Chemical Co., Ltd. with investment of 21.95 billion yuan ($3.38 billion).

Suifenhe border crossing Feb coal imports surge 3.32 times

Suifenhe border crossing in northeastern China's Heilongjiang province, one major channel for imports of Russian coal, imported 192,600 tonnes of coal from Russia in February, surging 232% from the same period last year, showed data from Heilongjiang Entry-Exit Inspection and Quarantine Bureau on its website.

The value of coal imports skyrocketed 4.97 times year on year to $15.67 million in the same month.

Shandong reduce coal usage by 27.8 mln T in 2017

Shandong province in eastern China reduced coal consumption by 27.8 million tonnes in 2017, finishing the target originally set for the 13th Five-Year Plan period, said Gong Zheng, governor of the province and member of NPC, at a meeting on March 6.

Last year the province also logged the first decline of energy consumption in the past twenty years, he said.

China targets record coal output of 3.7 bln T in 2018

China aims to produce 3.7 billion tonnes of coal in 2018, an all-time high and up 7.3% from the previous year, the National Energy Administration (NEA) said on March 7.

The NEA also said China will produce around 160 billion cubic meters of natural gas this year, a record and up 8.5% from 2017.

Guizhou raises 2018 power coal term contract volumes to 70 Mt

Southwestern China's Guizhou province has raised this year's term contract supply volumes for power coal to 70 million tonnes from previous 60.81 million tonnes, in an aim to ensure stable power coal supply and steady economic performance, showed an official document.

Local cities or prefectures are required to settle no less than 80% of the coal volumes locked in annual term contract for power coal at 0.07-0.09 yuan/Kcal mine-mouth with VAT, said the document issued by six provincial government bodies including Guizhou Energy Administration and Guizhou Development and Reform and Commission on March 1.

Xiamen port coal imports up 175pct on yr in Feb

Xiamen in southwestern China's Fujian province witnessed coal imports at 1.04 million tonnes in 22 batches in February, up by 175% from the preceding year, reported China Quality News on March 6, showed data from Xiamen Entry-Exit Inspection and Quarantine Bureau.

Meanwhile, total value of coal imports stood at 70.63 million yuan, up by 433.5% year on year, data showed.

Jiangsu 2017 raw coal output down 6.6% YoY

Eastern China's Jiangsu province produced 12.56 million tonnes of raw coal in 2017, down 6.6% year on year, showed data from the provincial economic and information technology commission.

Raw coal output from local state-owned mines – owned by the provincial and lower-level governments – plummeted 62.29% year on year to 153,000 tonnes.

Manzhouli Jan coal imports surge 140% YoY

Coal imports through Inner Mongolia's Manzhouli, one key China-Russia border crossing, stood at 405,000 tonnes, surging 140% from the preceding year, showed customs statistics.

The total value surged 2.2 times year on year to 120 million yuan ($ 19 million) in the month.

(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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