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Hunan province consumed 34.09 Mt of thermal coal in 2021, jumping 25.6% YoY. The coverage days of thermal coal stocks at the province's major utilities stayed below the levels in 2019 and 2020.
Electricity consumption in Hunan province grew 11.7% YoY to 215.45 TWh in 2021, with two-year growth at 7.5% over 2019-2021. The separate growths for each quarter last year were 17.2%, 13.1%, 11.0% and 6.6%, driven mainly by stable economic growth.
China's steel products prices may maintain small fluctuations with thin possibility for large rise in the short run, impacted by the resurgent COVID-19 pandemic, Winter Olympics and the upcoming Spring Festival, following narrowed price declines in Dec 2021 amid stable demand.
Xinlingol, a major coal base in Inner Mongolia, saw 2021 raw coal production reach a 5-year high of 122 Mt, up by 11% YoY, staying above 100 Mt for 4 consecutive years. Production of lignite rose by 11.5% YoY to 121 Mt.
Thermal coal price of the monitored coal enterprises in Zhejiang averaged 965.83 yuan/t in Dec 2021, rising 1.5% MoM and jumping 67.5% YoY. Coal sales of these enterprises totaled 10.05 Mt, falling 12.6% MoM and down 16.3% YoY.
As of 15:00 p.m. (GMT+8) Jan 24, Chinese coke futures opened the daytime session at 2,905.0 yuan/t and closed at 2,900.0 yuan/t, down 1.59%; coking coal opened at 2,208.0 yuan/t and closed at 2,166.0 yuan/t, down 3.86%. Thermal coal dropped by 3.82 % to 739.6 yuan/t at close, after opening at 772.0 yuan/t.
China imported 7.49 Mt of coking coal in Dec, surging 109.73% YoY yet down 3.28% MoM, sending the 2021 total imports to 54.7 Mt, with value at $11.02 billion, up 30.69% YoY, showed data from GAC.
As of 11:30 a.m. (GMT+8) Jan 24, Chinese coking coal futures dipped 1.44%, coke dropped 0.29%, thermal coal fell 3.64% and iron ore dropped 0.07%.
Kemerovo, Sakha Republic and Novosibirsk remained the top coking coal origins in Russia in Nov. Kemerovo shipped 1.26 Mt of coking coal, down 28.87% YoY and 14.42% MoM, while exports from Sakha Republic climbed 7.67% YoY but fell 9.62% MoM to 882,100 t and shipments from Novosibirsk increased 11.84% MoM to 217,400 t.
China, Ukraine and South Korea were top three destinations of Russian coking coal in Nov, taking 71% of the total, up 9 pps from Oct.
Russia's coking coal exports declined 9.28% YoY and 12.06% MoM to 2.53 Mt in Nov, coking coal with exports value at $525 million, and average price at $207.26/t, surging 193.01% YoY and 29.02% MoM, according to the Federal Customs Service of Russia.
Ukraine's coal production in 2021 was 29.39 Mt, up 2% YoY, with thermal coal production at 22.15 Mt, down 2.3% YoY and coking coal output up 18% to 7.23 Mt, showed data from the Ministry of Energy.
China Shenhua Energy Co., Ltd. saw its polyolefin sales rise 14.9% YoY to 53,100 t in Dec, up 0.76% MoM, the company said in a report on Jan 21. Polyethylene sales rose 4.8% YoY to 26,200 t in the month, while polypropylene sales were 26,900 t, a YoY increase of 26.9%.
China Shenhua Energy Co., Ltd., the country's largest listed coal producer, reported a 5.3% YoY rise in saleable coal production in the full year of 2021 while its coal sales in the year also increased 8%. The company's saleable coal production totaled 307 Mt in 2021, with that in Dec at 29 Mt , and coal sales came in at 482.3 Mt and that in Dec was 51.6 Mt.
Russia imported 2.53 Mt of coking coal in Nov, down 8.93% YoY and 11.35% MoM, showed data from the Federal Customs Service of Russia.
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