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Data from sxcoal.com showed the truck shipping rate from Liumlin to Tangshan was at 210 yuan/t as of March 4, unchanged day on day and week on week, but down 80 yuan/t from a month earlier. It came 5.9% lower than the year-ago level.
Data from sxcoal.com showed the shipping rate for 85,000 DWT vessels from Hay Point to Zhoushan stood at $16.98/t as of March 4, up $0.2/t from a day earlier. The rate was stable from a week ago, up $6/t from a month ago and up 66.4% from the year-ago level.
Russia delivered 319,000 t of coal to China through Kraskino/Huichun border crossing in Feb, doubling the year-ago level.
One major steelmaker in Shanxi requested to cut met coke prices by 100 yuan/t, effective Mar 7, adding to the total of 300 yuan/t decline since the Lunar New Year holiday if materialized.
China pledges to reduce its energy consumption per unit of GDP, a gauge of how much energy is used in driving economic growth, by around 3% in 2021, Premier Li Keqiang said in the government work report on March 5.
The main contract of coke for May delivery on the Dalian Commodity Exchange fell 36 yuan/t to open at 2,450 yuan/t on March 5. As of 9:40 a.m., the contract slumped 132 yuan/t or 5.3% to 2,354 yuan/t.
The main contract of coking coal for May delivery on the Dalian Commodity Exchange edged down 1 yuan/t to open at 1,503 yuan/t on March 5. As of 9:40 a.m., the contract slumped 39 yuan/t or 2.59% to 1,464 yuan/t.
The most-traded contract of rebar for May delivery on the Shanghai Futures Exchange fell 27 yuan/t to open at 4,822 yuan/t on March 5. As of 9:40 a.m., the contract slumped 202 yuan/t or 4.17% to 4,647 yuan/t.
Coal exports from the Port of Vancouver in Canada were 31.55 Mt in 2020, down 14.5% YoY. Met coal exports fell 15% YoY to 21.55 Mt, hitting the lowest in 10 years. Thermal coal exports declined 13% to 9.74 Mt.
Coal washing plants at Jinquan Industry Park and Wuyuan in Wubulangkou of Inner Mongolia were informed verbally by local authorities to halt operation this month to curb energy consumption. Some have started to suspend production.
South Africa's customs data showed its thermal coal exports reached 3.7 million tonnes in January, down 46.44% year on year and 42.64% month on month, hitting a multiple-year low.
Prices of Mongolian #5 raw coking coal declined to 1,020-1,080 yuan/t on Mar 4, and some offers even dropped to less than 1,000 yuan/t, with accumulative reduction of around 150 yuan/t compared with levels ahead of the Lunar New Year holiday.
The U.S. produced 1.59 Mt (1.75 mln short tons) of crude steel in the week to Feb 27, down 7% YoY and up 0.2% MoM, AISI data showed.
The Sibanthracite Group will supply over 700,000 tonnes of PCI coal to China's top steelmaker China Baowu Group in 2021, sources reported. The two companies have recently signed a strategic partnership agreement.
Coal dedicated Daqin railway transported 34.45 milllion tonnes of coal in February, up 45.3% YoY, operator Daqin Railway Co., Ltd. said in a statement on March 4.
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
Daqin Feb coal shipments soar 45.3% YoY China's coal dedicated Daqin rail line, which connects coal hub Shanxi and transfer port of Qinhuangdao, shipped 34.45 million tonnes...
Mongolian coking coal inflows to China likely to increase via Erlian and Mandula China is likely to import more Mongolian coking coal through Erllianhot and Mandula border crossings in the fou
China aims to cut energy consumption per unit of GDP, a gauge of how much energy is used in economic growth, by around 3% in 2021 in a bid to further its green drive, Premier Li Keqiang said in his go
China's thermal coal market in February extended the downward trend from the second half of January, as demand kept shrinking on the back of weakened heating need. The week-long Lunar New Year holiday
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
China is likely to import more Mongolian coking coal through Erlianhot and Mandula border crossings in the fourth quarter this year, following the commissioning of Mongolia's Tavan Tolgoi - Zuunbayan
Offers and bids of spot thermal coal at northern China's major trading ports continued to pick up on March 4 driven by rising prices in production areas. But trading activity hasn't yet improved great
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
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
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
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
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.
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
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
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%
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
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
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 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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