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Prices of import seaborne cargoes were still at high levels, but their price edge over domestic coal remained large. China's end users presented large demand for import seaborne cargoes amid low stocks. Some participants reckoned that traders were more cautious for fear of the risks that high prices may incur.
The most-traded coking coal futures on the Dalian Commodity Exchange closed 4.99% higher at noon on Sep 23, the most-traded coke futures on DCE rose 2.54% and the most-actively-traded thermal coal futures on Zhengzhou Commodity Exchange rose 8.68%, while iron ore futures on DCE rose 2.26%.
Coal imports of 27 EU member States rose 35% YoY and 29% MoM to 5Mt in July, according to Eurostat.
S Africa's Sasol Ltd said on Sep 22 that it raised emissions cut from previous 10% to 30% by 2030 in a bid to make the company a net zero carbon emitter by 2050.
China's coking coal imports rose 24.2% YoY but down 34.7% MoM to 4.68 Mt in August. The U.S. outstripped Russia and became China's the top coking coal supplier at 1.21 Mt (90.7%MoM, 16 times YoY) in the month, accounting 25.9% of China's total coking coal imports in August.
China imported 26.13 Mt of coal from the top 5 sources – Indonesia, Russia, Mongolia, the U.S. and Canada in Aug, accounting for 93.1% of the total, GAC data showed.
China saw coal prices rise further during the week ending September 19. Prices of coking coal, 2# lump anthracite and thermal coal rose 6.7%, 2.3% and 0.6% WoW to 965 yuan/t, 1,089 yuan/t and 780 yuan/t respectively during the week.
After clearing 98 trucks of Mongolian coal on Sep 20, Gaoqimaodu border was closed for Mid-Autumn Festival on Sep 21. Transactions were sparse amid wait-and-see stance of downstream buyers due to high coal prices. Under uncertainty caused by lingering pandemic, prices of imported Mongolian coal are expected to keep high, according to Sxcoal.
Canada's production of iron ore concentrate fell 5.9% MoM and tumbled 20.7% YoY to 4.0 Mt, and sales increased 15.8% MoM but dropped 52.2% YoY to 2.28 Mt in July, according to statistics data.
Brazil's crude steel production rose 14.1% YoY to 3.1 Mt in Aug, according to data from the Brazilian Steel Association (IABR).
China's imports of thermal coal, lignite and coking coal accounted for 43.1%, 36.8% and 16.7% respectively in total imports in Aug.
China's anthracite imports came in at 0.97 Mt in Aug, up 79.6% YoY and 22.78% MoM. Anthracite imports totaled 6.09 Mt in Jan-Aug, up 27.4% on yr, GAC data showed.
China imported 4.68 Mt of coking coal in Aug, down 34.7% YoY but up 24.14% MoM. Jan-Aug coking coal imports totaled 30.74 Mt, down 41.6% on yr, GAC data showed on Sep 22.
China's National Development and Reform Commission adjusted down requirement of coal stocks at power plants to 7-12 days' of use in peak demand season, with stocks no more than 12 days but meanwhile no less than 7days. The adjustment have significant impact on stability of coal prices, security of energy supply and activating coal stocks at nationwide power plants.
China's National Development and Reform Commission will work with local economic departments, coal miners and major power plants in Northeast China to sign coal supply supplemental contracts so as to put entire coal consumption in the region under the long-term contract mechanism. As such coal burns for winter heating and power supply in northeast region will be guaranteed.
Thermal coal Production area Thermal coal supply was still tight in Ordos of Inner Mongolia, due to shortage of coal sales quotas toward the end of the month, Mid-Autumn Festival holidays and s
South Africa's Sasol Ltd raised its emissions reduction target from previous 10% to 30% by 2030, in order to achieve net zero carbon emission by 2050, Reuters reported, citing the company's CEO as say
India imported 17.19 million tonnes of coal in July, up 17.77% from 14.6 million tonnes in the same month last year but down 15.25% from June, the latest data from India's Ministry of Commerce and Ind
China saw its coal imports rose for the third month compared with the year-ago levels in August, amid loosened controls over import quota for non-Australia coal and domestic policy to ensure supply an
Australian coal miner New Hope Corporation plans to suspend operations at the New Acland coal mine by the end of 2021 and place it under care and maintenance, local media reported. New Ac
China coking coal, met coke and steel market key figures in focus.
China's thermal coal imports in August dropped significantly from the record high a month ago but were still higher than the same period of the previous year. More receipts were coming from major supp
Crude steel production of the U.S. was estimated at 1.87 million short tons (1.70 million tonnes) in the third week of September ended on September 18, rising 21.9% year on year but down 0.4% from a w
China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
Ridley Terminals in Canada's Prince Rupert exported 304,500 tonnes of coal in August, falling 68.3% compared with a year ago and down 55.8% from July, showed data from the Prince Rupert Port Authority
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
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
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
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 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
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 thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
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 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
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
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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