Weekly China coal market news summary (Jul 6-Jul 10)

sxcoal.com General 2020-07-10 15:08:33

Huaneng says to strictly control spot purchases of domestic thermal coal

China's state-owned power giant Huaneng Group said in a notice issued on July 7 that it will tighten the screw on spot purchases of d...

 

Coal stocks update suspended for China's six coastal power groups

Updates on coal stocks and consumption of China's six major coastal power groups are temporarily suspended, after China Huaneng Group...

 

Chinese thermal coal moves sideways with downward bias

Chinese domestic thermal coal prices stayed flat at northern ports on July 9, following a fast pickup for almost a week, affected by ...

 

China's state planner summons meeting, fanning speculations on coal import policy

Chinese state economic planner was reportedly to summon a meeting on July 9 to stabilize domestic thermal coal prices that have spike...

 

Border closure to tighten Mongolian coking coal supply, fanning bullishness

Mongolian coking coal prices in China may find support from looming supply reduction, as the country will close border crossings with...

 

China's met coke market still faces downside risk after 50 yuan/t decline

Downside risks were still seen in China's metallurgical coke market on July 9, even though the steel-making material has just decline...

 

Daqin railway Jun coal shipment up 8.74% on yr

Daqin rail line, the core asset of Daqin Railway Co., Ltd., completed 38.95 million tonnes of coal shipment in June, increasing by 8....

 

China has 52 10-Mtpa-level coal mines in operation

China has 52 10-Mtpa-level coal mines with the total approved production capacity of 821 million tonnes per annum (Mtpa) as of now, a...

 

Yangquan Coal Group H1 coal sales and railway shipments hit record highs

Coal giant Yangquan Coal Industry Group Co., Ltd. created all-time highs in its coal sales and railway transport in the first half of...

 

Mongolia-China border checkpoints to be closed during Naadam Festival

Mongolia-China and Mongolia-Russia border crossing points for auto vehicles will be closed during July 11-15 for the celebration of M...

 

China's new installed capacity of new energy surpasses thermal power for 3 yrs

The State Grid Energy Research Institute Co. Ltd, the branch of the State Grid Corporation of China, said in a report that the nation...

 

Shaanxi Coal & Chemical Industry aims at 20 Mt coal supply to Jiangxi in 2025

Shaanxi Coal and Chemical Industry Group, one of major coal firms in China, will overfulfil its target of coal supply to southeastern...

 

Shanxi May outbound rail coal shipments up 6.3% on mth

Shanxi shipped 12.26 million tonnes of coal out of the province by railway in May, up 6.3% from a month earlier but slumping 54% from...

 

State planner urges long-term coal contract fulfillment to stabilize spot price

China's state economic planning body recently required relevant parties of long-term coal supply contracts to ensure no less than 80%...

 

China's 2020 power demand to gain over 1.5%: analysis report

China's power consumption is expected to reach 7.33-7.48 trillion kilowatt hour (KWh) in 2020, an increase of 1.5% to 3.5% from 2019'...


(Writing by Emma Yang  Editing by Jessie Jia)
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1 China Coal Daily Track (Aug 11) 2020-08-11

Thermal coal Production area Some mines in Inner Mongolia previously had to stop production because of lack of coal sales quotas, and their recent resumption could still release limited output

2 Indonesian thermal coal miners expand markets amid sluggish China, India demand 2020-08-11

Indonesian miners are broadening their thermal coal buyers worldwide trying to cushion demand shrink in China and India, top two destinations of Indonesian coal. Pakistan, after a rebound

3 China's thermal coal trades sluggish despite sentiment rise 2020-08-11

Chinese portside thermal coal trades remained sluggish although market sentiment was slightly hyped up by recent bullish futures market, and there would be still no visible support to prices of the fu

4 China coking coal extended steadiness; sales remain poor 2020-08-11

China's coking coal market remained stable with a downward bias, as demand showed little improvement over the coke price spat between coke and steel producers. Coke producers were cautiou

5 Pingshuo Coal's coal production hits 1,426 Mt by 2018-end 2020-08-11

China Coal Pingshuo Coal Company Limited extracted a total of 1.426 billion tonnes of raw coal and supplied 1.147 billion tonnes of commercial coal by the end of 2018, disclosed by the company.

6 China Jul PPI down 2.4% YoY 2020-08-11

China's industrial producer price index (PPI) dropped by 2.4% year on year but ticked up 0.4% from the previous month in July, according to data from the National Bureau of Statistics. Th

7 All of Ningxia's coal mines will become intelligent by 2035 2020-08-11

All of coal mines in northwestern China's Ningxia Hui autonomous region will basically become intelligent by 2035, stated in a document released by government bodies in Ningxia. Ningxia c

8 China Jul refined oil exports down 17.2% MoM 2020-08-11

China exported 3.21 million tonnes of refined oil in July, dropping by 0.67 million tonnes or 17.2% from a month ago, and the month-on-month decline expanded by 16.8 percentage points over June, accor

9 China Jul iron ore imports up 10.8% MoM 2020-08-11

China imported 112.65 million tonnes of iron ore in July, increasing by 10.97 million tonnes or 10.78% from June, compared with a month-on-month growth of 16.78% in June, showed the latest data from t

10 Stable supply and weak demand build up QHD's coal stocks 2020-08-11

Coal stocks at Qinhuangdao port increased apparently this week (August 1-7) to nearly 6 million tonnes, according to data from www.sxcoal.com. As of August 7, 5.78 million ton

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4 China's spot thermal coal prices extend fall; bearish sentiment eased 2020-08-06

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5 Chinese coking coal market still silent amid weak supply-demand fundamentals 2020-08-07

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6 Typhoon drives up thermal coal vessel freight despite waning demand 2020-08-07

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7 China's import thermal coal market stays sluggish on quotas shortfall 2020-08-06

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8 Indonesian thermal coal outlook dims as tepid demand persists 2020-08-07

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9 Price hike re-emerges in China met coke market after 2-week steadiness 2020-08-07

China's metallurgical coke market would probably embrace the first round of 50 yuan/t price hike next week, as price hike appeals appeared again on August 7. The market has been in a stal

10 China coking coal further declines on waned demand 2020-08-06

China's coking coal market kept falling as demand showed little improvement and many coal mines were struggling with their high stocks. Supply of coking coal still exceeded demand, mirror