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Sentiment continued to weaken in China's spot thermal coal market amid concerns of recovering supply and falling demand in the coming month, dampening trading activities at northern ports.
Chinese participants cannot reach a consensus on the market direction of domestic coking coal, as supply and demand dynamics are hard to predict.
Some participants expected the market to
Thermal
coal
Production
area Sentiment changed after coal price pickups slowed
at northern ports. Traders reduced
coal shipments to northern ports from rail stations in Shanxi.
China's coal mining hub of Shanxi province aims to halve its coal-washing capacity to 1.8 billion tonnes a year and reduce the number of plants involved in the process to 1,200 by end-September, the a
China's thermal coal (incl. bituminous and sub-bituminous coal, but excl. lignite) imports in April surged 88.95% compared with the corresponding month last year, official data said, reaching a record
The total profits of industrial enterprises above designated size in China shrank 27.4% year on year during January-April to reach 1,259.79 billion yuan ($179.97 billion), latest official data showed.
The total profits of China's coal mining and washing industry reached 61.44 billion yuan ($8.78 billion) over January-April, down 27.0% from the year-ago level, showed official data. The reduction was
Thermal coal (bituminous coal) exports of South Africa in March kept low at 5.75 million tonnes, down 18.8% year on year while up 3.73% from the previous month, when the exports hit a seven-month low,
Coal shipping rates started heading down in China following a week of increase, as shipping demand was limited after spot thermal coal market started leveling off.
This was also impacted
China's coking coal imports posted a month-on-month rise of 11.35% in April, due mainly to restart of Mongolian exports and recovered demand from downstream sectors as economic activities gain strengt
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Chinese spot thermal coal market witnessed stronger-than-expected upticks during last week, with Fenwei CCI 5500 index rising by a total 52 yuan/t to 543 yuan/t FOB and registering daily increase of o
China's thermal coal (incl. bituminous and sub-bituminous coal, but excl. lignite) imports in April surged 88.95% compared with the corresponding month last year, official data said, reaching a record
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Indonesian thermal coal prices remained resilient at the beginning of this week, bolstered by restocking demand from Chinese end users and rising Chinese domestic market.
Sources said som
On May 23, Mongolia exported a total 955 trucks of coal to China through two major hubs Gashunnsukhait (Ganqimaodu) and Shivee Khuren (Ceke), Mongolian media GoGo Mongolia reported.
The f
China's Zhengzhou Commodity Exchange (ZCE) said on its website that it will roll out thermal coal options simulation trading on May 26 to prepare for real transaction.
Thermal coal contra
After climbing fast for more than a week, Chinese domestic thermal coal market paused on May 26, as the bullish sentiment was dented by a drop in futures market and people started concerning risks of
China has urged the country's five biggest utilities to speed up the transfer of 40 coal-fired power plants in the northwest of the country, according to a document seen by Reuters and confirmed by a
Chinese seaborne import thermal coal market seems at a crossroad as Indonesian coal prices stabilized after rebounding since early May and Australian coal faced dwindling appetite.
Wait-a
China's coking coal market was temporarily stable, with small-scale production cuts in Hebei and Shanxi slightly driving down stocks at some coal mines.
Operating rate at coking coa
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