Weekly China coal market news summary (Sep 16-Sep 20)

sxcoal.com General,  Policy,  Production & Sales,  Safety 2019-09-20 18:29:41

Port trading activity stays sparse in China thermal coal market

Trading activity of spot thermal coal stayed sparse at northern Chinese transfer ports, as power plants still showed tepid buying appetite although their coal stockpiles dived to a four-month low.


On September 19, Fenwei CCI index assessed domestic 5500 Kcal/kg NAR thermal coal at 587 yuan/t FOB with VAT, holding still for three straight days following a 1 yuan/t rise. The 5,000 Kcal/kg NAR coal also remained unchanged at 518 yuan/t for the third day in a row.


How much of China's 2019 coal import quota is left?

The Chinese government has intensified administrative measures to control coal imports since 2017, issuing import quotas to individual customs and major importers. The country's coal imports remained robust in the first eight months this year, but may not be sustained in the rest months.    

 

Top 3 provinces contribute 70.2% of China's Jan-Aug coal output

China's three largest coal bases – Inner Mongolia, Shanxi and Shaanxi – produced 1.69 billion tonnes of raw coal in the first eight months this year, taking 70.2% of the country's total, showed data from the National Bureau of Statistics (NBS).

 

Over January-August, China's raw coal production came in at 2.4 billion tonnes with a year-on-year growth of 4.5%, 0.2 percentage point higher than in the January-July period, data showed.

 

Ganqimaodu Jan-Aug coal imports climb 19.03% on yr

Coal imports from Ganqimaodu – border crossing connecting northern China's Inner Mongolia with Mongolia – increased by 19.03% year on year over January-August this year, alongside smooth customs clearance of Mongolian cargoes, showed data from the Commerce Bureau of Urad Zhongqi in Inner Mongolia.


Ganqimaodu imported a total 13.8 million tonnes of coal in the first eight months. Of that, raw coal came in at 10.36 million tonnes; washed coal accounted for 22.63 million tonnes and other coal grades 814,600 tonnes, data showed.


China Shenhua Aug commercial coal output down 7.9% on yr

China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp., registered a 7.9% year-on-year decline in its commercial coal output in August, accelerating from the year-on-year fall the month prior, the company said in a statement on September 18.


The coal giant produced 23.4 million tonnes of commercial coal in August, which was down by 3.7% month on month. According to the statement, the output falls were mainly ascribed to delayed official permission of mining and production activities at the company's two subsidiary mines.


China reports fewer coal mine accidents in recent yrs

China's coal mine safety conditions saw steady improvement in recent years, with fewer accidents and deaths, according to the Ministry of Emergency Management.


China saw two severe or major accidents in coal mines in 2018, down from 58 in 2005.


China Aug power coal price index falls 6.82% YoY

China's monthly-issued price index of power coal fell 6.82% in August, which was also 0.27% lower compared with the month-ago level, showed data from the state planner on September 16.


The index, which assesses domestic 5,000 Kcal/kg NAR coal on a delivered basis to power plants, came in at 486.79 yuan/t in August, said the National Development and Reform Commission (NDRC).


Fujian port tightens control on seaborne coal; shipping rates up

One seaport in southeastern China's Fujian province was said to have refused one Capesize vessels laden with Australian coal to anchor off as the previous cargo of Australian coal had been caught on non-compliant with customs declaration procedures.


Foreign coal vessels have been always allowed to berth at Putian, the said seaport, which still had 1 million tonnes of import quotas by early September, according to a survey by Fenwei.


China's longest heavy-haul coal railway Haoji to open to traffic next week

Haoji railway, China's longest heavy-haul coal railway spanning 1,814.5km from northern to central and eastern areas, is scheduled to go into operation on September 24, reported Jiangnan City Daily based in the eastern province of Jiangxi.


The railway, which starts from Haolebaoji of Inner Mongolia to Ji'an of Jiangxi province, will start operation one week earlier than original goal of October 1, thanks to workers' strenuous efforts, said the report.


China coal output slows down in Aug, but still at a high level

China's raw coal production slowed down in August, with the year-on-year growth decelerating to 5% from 12.2% a month earlier, but remained at a relatively high level, statistical data showed.


China produced 316.02 million tonnes of raw coal last month, down 1.93% month on month, hitting a new low since June, data from the National Bureau of Statistics showed on September 16.


China Aug coke production up 4.6% YoY

China saw a slower year-on-year coke production growth in August, according to the National Bureau of Statistics, impacted primarily by frequent environmental inspections and thin coking profits.


Coke output came in at 40 million tonnes in August, with year-on-year growth decelerating by 1.3 percentage points to 4.6%, showed the NBS data on September 16. It rose marginally by 0.98% from July.


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

Share this article
Connect with us

Editors Recommendations

1 BHP met. coal output falls 10% in Q1 FY2019-20 2019-10-18

BHP Billiton reported on October 17 that its metallurgical coal production in the first quarter of the 2019-2020 fiscal year (July-June) fell 10% year on year. The company's met. coal bus

2 China Coal Daily Track (Oct 18) 2019-10-18

Thermal coal Production area Slack coal sales remained under pressure at some small-sized coal mines in Shaanxi's Yulin, a few of which cut prices by 5-10 yuan/t. Some consuming regions in Hena

3 China Sep coal output rises amid release of advanced capacity 2019-10-18

Raw coal production in China logged a month-on-month growth of 2.57% last month, as high-quality mining capacity keeps being released. The world's top producer churned out 324.14 million

4 China's Sep crude steel output falls 5.1% on mth amid output cuts 2019-10-18

China's production of crude steel registed a 5.1% month-on-month fall in September, according to official data, dented mainly by frequent output crackdowns for environmental concerns. The

5 Chinese thermal coal buyers inactive on spot purchases, waiting for price floor 2019-10-18

Chinese end users released limited buying interest in spot thermal coal cargoes at northern Bohai Rim ports, as they are waiting for prices to fall to the bottom. Traders said demand for

6 China Sep power output boosted by thermal power, hydropower slips 2019-10-18

China registered a strong year-on-year pickup of 4.7% in power generation in September, which was mainly ascribed to the growth of thermal power output, official data showed. In com

7 Australian thermal coal recovers to 3-mth high in China seaborne market 2019-10-18

Australian thermal coal prices recovered to a three-month high in Chinese seaborne market following quickened upticks after the National Day holiday, as the material regained favor for its high qualit

8 China starts to release liquefied natural gas import price index 2019-10-18

China has launched a new price index for liquefied natural gas (LNG) imports to better reflect changes in the market. The LNG comprehensive import price index (the LNG index), jointly dev

9 Research on coal supply-demand relation in Xilingol League, official 2019-10-17

Xilingol League, located in the central part of Inner Mongolia, 640 kilometer away from Beijing, is rich in coal resources, with excellent mining conditions and a huge reserve of up to 100 billion ton

10 Policies impacting solar power development in China 2019-10-17

China's solar power industry has been closely impacted by government policies, which are on track to shift to subsidy-free as energy supplies diversify. The country is determined to total

Most Read Articles

1 Indonesian thermal coal prices gain strength from India's supply crunch 2019-10-11

Indonesian thermal coal prices continued moving upward in China's seaborne import market, boosted by fuel hunger in another major destination India, where a large coal mine was flooded and expected to

2 PetroChina unit strikes high oil, gas flows in deep Tarim well 2019-10-08

An exploration and production unit of China's state energy giant PetroChina has drilled into high flows of natural gas and condensate in an exploration well in northwestern region Xinjiang, in what co

3 China met coke demand dented by weak steel outlook 2019-10-12

Sentiment started to weaken in China's met coke market, along with a dismal steel outlook stemming from overloading ban in eastern China and lower-than-expected buying appetite from mills nationwide.

4 China Coal Daily Track (Oct 12) 2019-10-12

Thermal coal Production area Some miners in Ordos of Inner Mongolia lowered coal prices amid increasing supply and slack demand from portside traders, yet price cuts failed to improve sales. L

5 Indonesia sets coal reference price at 3-yr low of $64.8/t in Oct 2019-10-08

Indonesia's Ministry of Energy and Mineral Resources has set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $64.8/t, notching the lowest level since October 20

6 Chile largest coal mine closure may spur imports from Indonesia 2019-10-10

Chile is likely to resume imports of sub-bituminous coal from Indonesia, as its largest domestic coal mine is facing risk of closure in the near term, sources reported. Mina Inviern

7 Indonesian coal miners anxious about law enactment impasse 2019-10-10

Seven Indonesian coal mining companies are facing legal uncertainty as deliberations on the amendment of the 2009 Mining Law were postponed, deterring them from adding investment on their assets.

8 China thermal coal market regaining momentum after holiday 2019-10-08

China's thermal coal market seems on track to recover from weeklong National Day holidays ending October 7, fueling hopes that prices of the fossil fuel may embrace a pickup soon. D

9 China's 5,500 Kcal coal declines on weak buy, yet hopes remain 2019-10-10

Chinese domestic 5,500 Kcal/kg NAR thermal coal, a major coal grade traded at Bohai Rim ports, lost ground on second trading day after golden week holiday due to lack of buying demand. On

10 China spot thermal coal market flat after holiday 2019-10-09

Participants in Chinese spot thermal coal market were largely sidelined shortly after the National Day holiday ended on October 7, with offers and bids slow to emerge on the first day back to the mark

Scan to download sxcoal.com mobile APP

X