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Coal production capacity of Bojiang Haizi coal mine in Ordos of Inner Mongolia was lifted to 6 Mtpa from 3 Mtpa, which was invested and constructed by Huaihe Energy (Group) Co., Ltd. This added total production capacity of Anhui government-run coal producers in other provinces to 34 Mtpa, further strengthening its coal supply capacity.
Japan's Tokyo Steel Manufacturing Co., Ltd said it will hold prices of steel products steady in October for better acceptance of prices rises in recent months. Price of H-shaped steel would stabilize 106,000 yen/t ($965/t) and price of hot-rolled steel would stay at 110,000 yen/t in October.
India has to increase coal imports to cope with coal supply shortage at power plants in recent one month, and the reduction in coal-fired power output and increased renewable power output may help relieve the situation. India's coal-fired power output decreased 1.5% YoY in the first half of September while renewable power saw a yearly increase of 53.6%.
Inner Mongolia Yitai Coal Co., Ltd said its Talahao coal mine had been included into the national key mines for ensuring coal supply. It is able to produce 10 Mt of coal annually, and its production capacity can be approved to be lifted to 10 Mtpa for recent production from current 6 Mtpa.
Thermal coal traders become active in selling goods to cash in on profit and reduce risks under high prices. Price growth has narrowed and transactions concluded have slowed down slightly in portside market. The focus lies in the implementation strength of energy control policies.
Tokyo Steel Manufacturing Co., Ltd., Japan's largest EAF steel producer, announced its steel prices will keep unchanged at 106,000 yen/t (6,233 yuan/t) for H-shaped steel and at 110,000 yen/t for hot-rolled coils in October to ensure that price growths in recent months can be digested by the market.
Vietnam's coal imports fell 18% YoY to 3.8 Mt but the import cost surged 62.8% YoY to $495 million in Aug, according to Vietnam customs data.
Inner Mongolia Yitai Group Co., Ltd signed additional 1.32 Mt of coal supply term contracts for the fourth quarter with several power plants. Huineng Group signed additional 1.85 Mt of coal contracts with 7 power plants. Huaihe Energy West Sales Company and Datong Coal Ordos Mining Company signed 1.06 Mt of coal contracts with China Huaneng North Company. These term contracts will set Ordos coal index on July 12 as the upper price limit, according to Inner Mongolian Energy Bureau.
Huaihe Energy Group's Bojianghaizi coal mine constructed in Ordos, Inner Mongolia was approved to expand its capacity from 3 Mtpa to 6 Mtpa. In June, Madiliang coal mine built in Jungar banner, Inner Mongolia by Wanbei Coal Electricity Group was put into production. Both of the two groups came from Anhui province. So far, Anhui provincial coal enterprises have owned 34 Mtpa of coal capacity located in other provinces, according to Anhui energy bureau.
In the first half of Sep, India's coal-fired power production fell 1.5% YoY due to coal shortage, while power generation from renewable energy jumped 53.6% YoY, data showed.
China's crude steel output stood at 83.24 Mt in Aug, falling 13.2% YoY and 4.1% MoM; pig iron output declined 11.1% YoY and fell 1.8% MoM to 71.53 Mt, NBS data showed.
Poland's power demand grew 3.1% YoY to 13.84 TWh and its net power generation surged 16% YoY to 14.05 TWh in Aug, showed data from the country's National Grid Operator (PSE).
Liuzhou Steel Group achieved 8.253 billion yuan ($1.27 billion) of profits and 88.07 billion yuan of operating income in January-August this year.
U.S. Steel Corporation said on September 16 that it will spend about $3 billion to build a new steel plant.
Some downstream users with rigid demand had to place order despite high prices. Prices were rising at a faster pace at portside market, promoting some trades to speed up sales or encouraging others to keep buying in goods with the expectation for higher prices. Attentions should be given to the situation of controls on power consumption and declining of daily coal consumption.
Thermal coal Production area A few coal mines in Ordos of Inner Mongolia remained in suspension for lack of coal sales quotas, while some suspended coal mines in Yulin of Shanxi have yet to res
Indonesian thermal coal prices edged higher this week fueled by robust restocking demand from Chinese utilities to boost their stockpiles to a safety level. Offers and bids were not activ
Chinese thermal coal prices saw a steep rise this week, as the imbalance between supply and demand persisted and may not see notable improvement in the near term, despite the government's intensified
China's coking coal market extended the rising trend during this week, but the growth narrowed down slightly, and prices in some regions even started to retreat and more miners reported the abortion o
Madiliang coal mine of Inner Mongolia Intelligent Coal Co., Ltd., has been included in the national key coal mine list to shoulder supply guarantee task, according to the related notice from Inner Mon
Northern China's Shanxi province stressed the mining safety during the coming Mid-Autumn Festival holiday (September 19-21) and National Day holiday (October 1-7), according to a government document i
Coal imports in Vietnam came in at 3.8 million tonnes in August, falling 18% from the year-ago level, showed preliminary data from the Vietnam customs authority. The value of imports amou
Extending the upward trend since August, China's cement prices have hit the highest level in history. On September 16, cement price averaged 513.19 yuan/t, a 17.3% increase from a year ea
Polish power demand in August rose 3.1% year on year to 13.84 TWh, while net generation increased 16% to 14.05 TWh on the back of higher coal burns, the country's transmission system operator PSE said
China Aug coal output rebounds from 2-year low China's coal production in August bounced back from a 26-month low in the previous month after a number of coal mines gained approval...
At least eight provinces in China have adjusted up electricity prices during the peak consumption hours or are mulling to make such rules, in response to operating pressure of coal-fired power plants,
Major Mongolia-China border checkpoints will operate normally during Mongolian festivals in the remainder of the year, aiming to reduce the impact of the COVID-19 epidemic on export businesses, especi
China National Coal Association, China Coal Transport and Distribution Association, and six largest coal groups in the country issued a public letter on September 15,calling for domestic coal pr
The accumulative electricity suppliedby Inner Mongolia Power Group to Mongolia's Oyu Tolgoi mine, one of theworld'slargest known copper and gold deposits, had exceeded 10 TWh as of S
China's coal production in August bounced back from a 26-month low in the previous month after a number of coal mines gained approvals of land use under the central government's supply-boosting policy
Electricity price spread in peak and valley periods will further widen to over 0.82 yuan/KWh at the maximum for large industrial firms from October 15 this year, according to a notice from the Zhejian
China's power generation in August was almost unchanged from the year-ago level with only a tiny rise of 0.2%, as hydropower generation declined significantly while thermal power was almost flat.
South Korea's August thermal coal (other bituminous coal and other coal) imports fell back from a four-year high in July, according to South Korean customs. South Korea's imports of therm
Coal production in Mongolia increased 191,700 tonnes or 17.67% from the preceding month to 1.28 million tonnes in August, snapping a nine-month decline, according to data released by the National Stat
China's coke output fell 5% year on year to 39.67 million tonnes in August, with the decline deepening by 2.1 percentage points compared with the preceding month, according to data released by the Nat
India has been caught in extreme coal shortages since late August. A large number of power plants have been running out of stockpiles, which could only cover seven days of use on average. The Indian g
Ceke, the second-largest coal gateway on the China-Mongolia border, targets to import 6.5 million tonnes of coal from the landlocked country during the fourth quarter, to meet its whole-year target of
Chinese thermal coal prices have kept elevated since two weeks ago as the supply woe persisted although a number of new coal mines came online. The situation may be going on throughout September, a ty
Demand for thermal coal used mainly for power generation remained strong in China although declined temperature has brought down air-conditioning need, as a number of coal power plants are facing low
China's coking coal futures extended gains to hit an all-time high on September 6, as the suspension of a coal mine in Shanxi for more than one month further added to the supply woe of the coke-making
Thermal coal prices in both China's domestic physical and futures markets registered new record highs on September 7 in a typically slack season, sparking concerns of higher coal prices in the followi
Indonesian thermal coal prices have jumped to an all-time high and still kept strength, as supply was seriously curtailed by persistent rainfall as well as robust demand from Indonesian end users.
China's Dalian Commodity Exchange has set daily trading limits and planned to raise handling fees on coking coal and coke futures to try to cool the market from recent surges. The bourse
China's National Development and Reform Commission, the country's top economic planner, has recently issued a notice urging coal miners and combined heat and power (CHP) producers to sign more long-te
Chinese domestic thermal coal market saw prices move higher at northern transfer ports on September 9, defying previous anticipation of a small price drop in early September. Offer prices
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