Weekly China coal market news summary (Feb 1-Feb 5)

sxcoal.com General 2021-02-05 15:58:36

China Shenhua Group's annual long-term coal prices hit new highs amid strong spot prices

Shenhua Group published its annual long-term contract prices for February 2021, of which 5500 Kcal/kg NAR thermal coal long-term pric...


Daqin Jan coal shipments up 18.26% YoY, whole-year shipments likely to beat target

China's coal dedicated Daqin rail line, which connects coal hub Shanxi and transfer port of Qinhuangdao, shipped 37.11 million tonnes...


China's domestic thermal coal prices keep falling amid poor buying

Chinese domestic spot thermal coal prices continued to retreat as demand from downstream buyers showed no signs of improving. Most co...


Chinese state-owned utilities looking for imported thermal coal

At least three Chinese state-owned power groups have issued tenders to buy imported thermal coal for delivery in late February to ear...


Coal stocks at ports along Yangtze River hit new low

Spot coal market at ports along Yangtze River went on a roller coaster in January. Spot thermal coal offers once approached 1,200 yua...


Incentives offered to China factories for operation during Lunar New Year holiday

Local governments in many cities of China rolled out incentive policies to encourage industrial enterprises to keep operation over th...


China premium coking coal demand slightly retreat ahead of holiday

Buying interest of premium coking coal slightly weakened in China, as coking plants and steel mills mostly built coal inventories to ...


China's coal cos' debt ratio reaches 66.1% in 2020, NBS

The asset-liability ratio of above-sized coal mining enterprises in China was 66.1% for 2020, up 0.9 percentage point from 2019, data...


China's Jan power coal rail shipments up 23% on yr

China's rail coal shipments for power generation totaled 120 million tonnes in January, up 23% year on year, data from the country's ...


China's power consumption expected to increase 6-7% in 2021, CEC

China's power consumption in 2021 is expected to increase by 6-7% from last year, China Electricity Council (CEC) forecast in a repor...


China's renewable installations reach 934 GW by 2020, up 17.5% on yr

China's renewable electricity maintained rapit development in 2020 with total installations hitting 934 GW by the end of last year, a...


Shanxi 2020 coal mining & washing industry profit slumps 34.7% on yr

China's coal-rich Shanxi province has seen a slump of profit in its mining and washing industry throughout last year, official data s...


China's manufacturing PMI slides to 51.3% in Jan

China's manufacturing sector purchasing managers index (PMI) dipped by 0.6 percentage point month on month to 51.3% in January 2021, ...


(Writing by Emma Yang  Editing by Harry Huo)
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