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BHP Billiton will invest US$15 million over the next three years to help HBIS Group, China's second-largest steel producer, explore greenhouse gas reduction technologies, according to a memorandum of understanding signed on March 5. It is the Australian company's second such tie-up with a Chinese steelmaker after Baowu Group.
Coal stocks at Bohai-rim ports climbed to above 26 million tonnes, due to greatly reduced outflows impacted by strong winds in reent days.
The most-active contract of coke for May delivery on the Dalian Commodity Exchange fell 1.35% to 2,338.0 yuan/t on Mar 8.
The most-active contract of coking coal for May delivery on the Dalian Commodity Exchange climbed 2.13% to 1,509.5 yuan/t on Mar 8.
Colombia exported 3.88 million tonnes of coal in January 2021, slumping 72.3% year on year and falling 17.88% month on month, and the coal export value totaled $251 million, decreasing 69.6% year on year and 11.37% month on month, showed data from Colombian statistical authority on March 5.
China imported 20.8 million tonnes of natural gas in January to February 2021, up 17.4% year on year, General Administration Customs data showed on March 7.
China exported 10.96 million tonnes of petroleum products during January to February, a year-on-year rise of 1.9%, showed latest data from General Administration of Customs on March 7.
Shanxi Coking Coal Group, top coking coal miner in China, saw revenue up 6.91% year on year to 7.1 billion yuan in 2020, showed data from the company's yearly performance report on March 5.
Japan's Sojitz Corp is planning to reduce more than half of its stakes in thermal coal projects by 2025 and to zero by 2030, said the trading house on Mar 5. Besides, it also announced to completely exit from coking coal projects by 2050.
China imported 181.51 Mt of iron ore in Jan-Feb, up 2.8% YoY, with average import price climbing $52.5/t year on year to $144.48/t, customs data showed.
China steel products imports stood at 2.395 Mt in Jan-Feb, up 17.4% YoY. Average import price stood at $1,095.6/t, customs data showed.
China exported 10.14 Mt of steel products in Jan-Feb, up 29.9% YoY. Average export price stood at $872.4/t, customs data showed.
Customs data showed China imported 41.13 million tonnes of coal in January-February, down 39.5% on the year.
Shandong will limit coal-fired power generation capacity at about 100 GW by the end of 2021, accounting for around 66% of the total installed power capacity, local energy bureau said in a guideline.
Russia exported 319,000 tonnes of coal to China via Hunchun in February, surging 200% from a year ago, data showed from a local media.
China Huadian Corporation, the third largest power producer by capacity, plans to phase out more than 3 GW of coal-fired power capacity in the next five years and scale up renewables to 50% of its pow
China's domestic spot thermal coal market started this week with higher offers and bids, fueled by growing cost and demand from hedgers, although the overall trading liquidity remained thin.
China's coal imports in the first two months this year totaled 41.13 million tonnes, down 39.5% from the same period last year, data from the General Administration of Customs (GAC) showed on March 7.
China's domestic thermal coal market ended the last week with a rally after falling since mid-January, propelled by a strong post-holiday recovery in industrial and economic activity and production cu
China's metallurgical coke market was under pressure last week, with some steel mills starting to cut coke prices by another 100 yuan/t following the implementation of two rounds of decline totaling 2
Oversupply-led decline in domestic coking coal prices in China may add pressure to prices of Mongolian coking coal that just showed signs of stabilizing on the boost of coal-washing capacity.
China exported 10.14 million tonnes of finished steel during January to February, a year-on-year rise of 29.9%, showed latest data from General Administration of Customs (GAC) on March 7.
Coal stockpiles at the major trading port of Qinhuangdao edged down in the first week of March compared with a week ago, as demand resumed on the back of strong industrial activity post the Lunar New
Chinese buyers are still hesitant to make bookings of Indonesian thermal coal, despite recent rebound of Chinese domestic coal prices, which may lead to a rise in the seaborne market, as shipping cost
China's metallurgical coke prices remained under pressure from a slight oversupply, as steel mills turned to cautious purchases amid production cuts and sufficient coke inventories. Tangs
Yancoal Australia, an overseas subsidiary of China's state-run Yanzhou Coal Mining, reported the first annual loss in 2020 in four years, due to decline in demand and coal prices, according to its fin
China's coal consumption is expected to rise slightly in 2021, while coal imports would be maintained range-bound, according to a report issued by China National Coal Association on March 3.
Global mining giant Anglo American plans to hive off thermal coal business by 2024 as part of a drive to deepen its green practice, the miner said on February 25. The company plans to sel
Activities in China's manufacturing sector slowed down in February as the Lunar New Year holiday has put a lid on business operations. The Purchasing Managers' Index fell to 50.6 in Febru
State Grid Corp of China, the largest power grid operator in China, unveiled its carbon neutrality plan on March 1, as part of a drive to promote green transition in the country. The stat
China's coal consumption gained 0.6% year on year in 2020, the fourth straight year of increase, according to the preliminary data released by the National Bureau of Statistics on February 28.
China Baowu Steel Group has signed a strategic partnership agreement with Sibanthracite Group, the largest producer of metallurgical coals in Russia, to seek for more than 700,000 tonnes of PCI coal a
China's coal dedicated Daqin rail line, which connects coal hub Shanxi and transfer port of Qinhuangdao, shipped 34.45 million tonnes of coal in February, rising 45.3% from a year ago, with the growth
Net profit of coal giant Anglo American climbed 3% year on year to $30.9 billion, said the firm its yearly report released on March 2. The profit attributable to shareholders slumped 41%
Japan imported 16.14 million tonnes of coal in January 2021, rising 5.29% from 15.33 million tonnes a month ago but falling 2.5% from 16.56 million tonnes a year ago, showed data from the country's Mi
China hopes Australia can do more to boost mutual trust and cooperation, said an official with the commerce ministry. This is the latest statement from Beijing on the coal trading deadlock with Canber
Indonesian thermal coal market witnessed a thinly traded session on February 24, as demand was curbed by a surge in freight rates for Supramax and Panamax vessels, according to traders. A
Chinese coking coal miners were increasingly bearish over the near-term price trend, as coke prices started to decline this week and demand for feed coal dropped at both coking plants and steel mills.
On February 18, the vessel "Genco Titus" carrying South African coal was discharged at Fangcheng port in southwestern China's Guangxi province. Upon the clearance, the imported coal would be delivered
Driven by a sharp rise in global bulk shipping market on the back of a spike in grain loading out of east coast South America, many ship owners with operations at both domestic and international marke
Thermal coal stockpiles are increasing dramatically at northern transshipment ports of China, as downstream buyers are not ready to boost restocking given current low consumption and high stocks at ut
Mongolian coking coal arrivals are likely to edge up further through Ganqimaodu border crossing into China in the near term, on the back of new policy, storage expansion and decline of freight rate.
Indonesian thermal coal prices dropped slightly in the Chinese seaborne import market on a lack of demand as high freight rates, due to a surge in freight rates for Supramax and Panamax vessels, are c
Trading activities remained weak in the Chinese domestic thermal coal market as most coastal utilities were not ready to start restocking, though inquiries were rising from end buyers. Of
Indonesian spot thermal coal prices kept largely stable at the beginning of this week compared with late last week, as a spike in global vessel shipping rates hampered buyers' appetite, which is just
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