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The most-actively traded coke futures on the Dalian Commodity Exchange rose as much as 3.8% to 2,836 yuan/t ($437.80/t) on June 24 , the highest since May 13. They closed up 2.2% at 2,790 yuan/t.
China is expected to cut its coal use to 44% of energy consumption by 2030 and 8% by 2060, while increasing the use of natural gas in its primary energy mix to 12% in 2030 from 8.7% in 2020, said Zhu Xingshan, senior director, Planning Department CNPC at a conference on June 24.
On June 23, square billet Q235 was offered at 4,820 yuan/t in Tangshan, Hebei province, down 30 yuan/t from a day ago, 200 yuan/t from a week ago and 330 yuan/t from a month ago.
China Coal Transportation and Distribution Association held a meeting recently, saying coal producers are facing a greater pressure for providing sufficient supply in the near future, which need more efforts from the government. It also urged state-owned producers to accelerate the release of advanced capacity.
On June 22, Wuhai power grid operator expected the peak load to appear in late July to early August, at 14.6 GW, possibly a 17.6% rise compared with the peak load a year ago.
As of June 23, Fenwei assessed Quasi Grade I coke prices at 2,800 yuan/t at Rizhao port, Shandong province, ex-stock with VAT, up 50 yuan/t from a day ago and 150 yuan/t from a week ago. It was 120 yuan/t higher than a month ago, and 48.9% higher than the year-ago level.
China's May power consumption increased 12.5% on the year, suggesting continuously upward trend for economic growth. Hindered by rising costs amid high coal prices, coal-fired power producers had to trim some generation to reduce losses, whereas hydro and nuclear units saw a significant rise in capacity utilization, making them also the major force to support power consumption.
China's total power use in industrial sector rose 18.5% year on year during the first five months of 2021, with the year-on-year growth expanding significantly by 22.4 percentage points from the year-ago level, showed data from the National Energy Administration.
A train loaded with 3,322 tonnes of coal in 50 wagons departed from Duolun, Xilingol of Inner Mongolia was discharged at railway station of Jingtang port in Hebei, marking another join-up of main rail lines between the coal-rich base to northern transfer ports following the connection with Caofeidian port.
Mongolia's coal exports declined 35.8% YoY but jumped 96.4% MoM to 1.40 Mt in May, adding the total exports in January-May to 8.88 Mt, rising 40.7% over the same period last year, according to Mongolian statistics data.
Mongolia exported 3.37 Mt of iron ore in the first five months this year, down 2% on the year, accounting for 13.4% of Mongolia's total cargo exports, according to the customs data.
Mongolia declared 2,213 new COVID-19 infections in the past 24 hours on June 23, sending the cumulative infections to 100,263 cases. It took only one month for Mongolia's total confirmed cases to climb up to 100,000 from 50,000.
As a mining and energy giant in Shanxi with six subsidiaries, Jinneng Holding Group owns total assets of 1.14 trillion yuan ($175.4 billion), coal capacity of 440 Mt, power installed capacity of 38.14 GW, assets size of coal mining equipment manufacturing of 36.7 billion yuan.
Inventory of five major steel products at China's 20 cities climbed 3.8% from ten days ago to 11.22 Mt on Jun 20, CISA data showed, marking the first increase following nine straight sessions of decline from a peak of 17.77 Mt on Mar 10.
Jinneng Holding Coal Industry Group has 440 Mt of coal capacity, 670 billion yuan ($103 billion) of total asset and 360,000 employees. It plans to extract 350 Mt of commercial coal and sell 550 Mt in 2021. By the end of 14th Five-Year Plan period (2021-25), its coal production is expected to reach 500 Mt, contributing 40 billion yuan of total profit and taxes.
Raw coal production of Yulin city, a main coal production base in northern China's Shaanxi province, increased 18.5% year on year to 221.30 million tonnes in the first five months this year, according
Construction of a tamping coke project with designed production capacity of 2 million tonnes per annum officially started in northern China's Inner Mongoliaon June 20. Located
Thermal coal Production area Overall coal supply contracted as coal sales quotas are running out in Inner Mongolia toward the end of the month. There haven't been any notices for mine sus
India's coal ministry on June 22 announced the extension of the timeline of the second round of commercial coal mines auction. The deadline for submission of bids has been extended to Jul
Germany hard coal imports increased 40.92% year on year to 2.35 million tonnes in April, the lowest level since October 2020, showed the preliminary data released by German Federal Statistical Office.
Power consumption in China's industrial sector climbed at a faster speed in January-May, signaling that industrial activities in the world's second-largest economy rebounded quickly. Tota
Central China's Hubei province consumed 19.17 TWh of electricity in May, up 11.1% year on year, showed data from the provincial development and reform commission on June 24. The res
A train loaded with 3,322 tonnes of coal in 50 wagons departed from Duolun, Xilingol of Inner Mongolia was discharged at railway station of Jingtang port in Hebei, marking another join-up of main rail
China Iron and Steel Association (CISA) member mills raised crude steel output to the second highest in mid-June with the growth accelerating slightly from early June, the association data showed.
Coal throughput at Qinhuangdao and Shenhua Huanghua port in mid-June declined 7.8% year on year, showed data from China Port Association. Subdued railing inflow led to low coal stocks at
China has warned coal miners should not produce beyond their approved capacity in the name of the government's call to boost supply, following a series of mining accidents this month. Thi
Indonesia's coal mining association APBI recently called coal companies to step up the fulfillment of Domestic Market Obligation (DMO) to ensure sufficient domestic supply. APBI Executive
South Korea's May thermal coal (other bituminous coal and other coal) imports slumped to a new low since eight years ago, according to South Korean customs. South Korea's i
China will cease to provide subsidies for new solar power stations, distributed solar power projects by commercial users, and onshore wind power in 2021, the National Development and Reform Commission
Coal imports in Vietnam came in at 3.81 million tonnes in May, slumping 49.49% from the year-ago level of 7.54 million tonnes, and slightly lower compared with 3.94 million tonnes in April, showed pre
China produced 326.29 million tonnes of raw coal in May, up 0.6% year on year and 0.6% from May 2019, with the two-year average growth at 0.3%, showed data from National Bureau of Statistics on June 1
China's thermal power generation slowed in May alongside the arrival of seasonal wet weather in many southern regions, which boosted generation at hydropower stations. Data from the Natio
Russia's thermal coal exports amounted to 10.94 million tonnes in April, a year-on-year rise of 19.94% but slumping 33.93% from March, showed data from the Federal Customs Service of Russia.
India's coal production (including lignite) rose 5.8% or 3.1 million tonnes year on year to 56.35 million tonnes in May, 2.9% or 1.6 million tonnes higher than than in April, showed the preliminary da
Hebei, the dominant steel producing province in China, has reduced the number of steel companies from 107 to 68 and cut steel-making capacity from a peak of 320 million tonnes per annum (Mtpa) to less
China's imports of Mongolian coal remain weak at present and are less likely to rebound in the short term as border checks could not ease as the spread of COVID-19 is still uncontained in the landlock
Mongolia, a landlocked country neighboring China, seems losing its dominant supplier role for China's metallurgical coal market due to untamed COVID-19 pandemic since last year and particularly quick
Offer prices of Indonesian thermal coal further climbed on market talk of temporary lifting of import restriction by Chinese authorities for some provinces in June to ease tightness of domestic supply
China's state economic planning body is mulling to set a cap on price of thermal coal to ease coastal utilities' cost pressures and help them with sufficient supply ahead of the summer peak demand per
China's coking coal supply is set to tighten in the remainder of June and early July, as recent coal mine accidents would lead to intensified safety checks and suspended production of some risky mines
Chinese domestic thermal coal prices edged down on June 10 as the market was waiting for fresh measures from the central government, which is mulling to place a limit on coal prices, although the mark
High-quality coking coal was traded higher at major production areas in Shanxi, as intensified safety checks added pressure to supply and slightly spurred purchases from downstream coking plants.
Indonesian thermal coal jumped higher on June 17 after at least two Chinese state-owned utilities issued tenders for seaborne import coal. China's state-owned Huaneng Group issued a tende
Mongolian's coal exports are likely to contract again, as record daily new COVID-19 infections in the country have triggered a new round of import control from China, the largest destination for Mongo
Indonesian thermal coal prices kept moving upward at the start of this week, supported by an encouraging demand outlook from China, where domestic supply remained in shortage. July-loadin
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