China Huadian Corporation, the third largest power producer by capacity, plans to phase out more than 3 GW of coal-fired power capacity in the next five years and scale up renewables to 50% of its pow
China's domestic spot thermal coal market started this week with higher offers and bids, fueled by growing cost and demand from hedgers, although the overall trading liquidity remained thin.
China's coal imports in the first two months this year totaled 41.13 million tonnes, down 39.5% from the same period last year, data from the General Administration of Customs (GAC) showed on March 7.
China's domestic thermal coal market ended the last week with a rally after falling since mid-January, propelled by a strong post-holiday recovery in industrial and economic activity and production cu
China's metallurgical coke market was under pressure last week, with some steel mills starting to cut coke prices by another 100 yuan/t following the implementation of two rounds of decline totaling 2
Oversupply-led decline in domestic coking coal prices in China may add pressure to prices of Mongolian coking coal that just showed signs of stabilizing on the boost of coal-washing capacity.
China exported 10.14 million tonnes of finished steel during January to February, a year-on-year rise of 29.9%, showed latest data from General Administration of Customs (GAC) on March 7.
Coal stockpiles at the major trading port of Qinhuangdao edged down in the first week of March compared with a week ago, as demand resumed on the back of strong industrial activity post the Lunar New
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.
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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.
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
India's demand lent some support to Indonesian thermal coal prices, which have showed signs of declining after Chinese buyers stayed away from the market to avert the recent surge in shipping costs.
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
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
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%
ArcelorMittal swung to a net profit in the fourth quarter in 2020, according to the company's financial report.
The leading steelmaking and mining group reported a net profit of $1.21 bil
China's coking coal market was running stable as a whole in February with prices of most types largely unchanged. Due to the Lunar New Year holiday over February 11-17, purchases from downstream buyer
Shanxi miners saw coking coal inventories pile up this week amid persistent weak buying interests from downstream users, sxcoal.com has learned.
Coking coal inventories at a Changzhi-base