- Tuesday May 24,2022
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Ordos, a major coal heartland in Inner Mongolia, reported 260.73 Mt of raw coal output in during Jan-Apr, up 19.1% YoY, 4.5 pps higher than the growth of Inner Mongolia.
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Pakistan has faced a severe coal shortage in
recent months, as domestic supply hovered at low levels while import demand was
restrained by high seaborne coal prices. This has prompted some coal-using
industries to cut capacity.
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As of 15:00 p.m. (GMT+8) May 24, Chinese coke futures opened the daytime session at 3,390.0 yuan/t and closed at 3,276 yuan/t, down4.81%; coking coal opened at 2,560 yuan/t and closed at 2,478.5 yuan/t, down 5.49%. Thermal coal rose 0.83% to 852 yuan/t, after opening at 867.6 yuan/t.
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As of 11:30 a.m. (GMT+8) May 24, Chinese coking coal futures decreased 3.76%, coke edged down 3.21%, thermal coal rose 2.37%, while iron ore down 0.46%.
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China's Premier Li Keqiang in a State Council meeting on May 23 reiterated China's priority to ensure energy security by adjusting capacity expansion policy for coal mines, expediting procedures for coal mines committed to guarantee supply and starting a batch of new energy projects.
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India's coal imports in March totaled 22.38 Mt, rising 20.09% YoY and jumping 68.76% MoM, data from the Ministry of Commerce and Industry showed.
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Japan produced 7.47 Mt of crude steel in Apr, down 6.1% MoM and 4.4% YoY, showed data from the Japan Iron and Steel Federation.
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At a State Council meeting to boost economy, Premier Li Keqiang stressed energy security should be ensured, urging coal miners to strictly do their production duties. The policy for approving the increased production capacity of coal mines will be recalibrated. A number of new hydropower and coal-fired power projects are on track to start this year.
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Wuhai in coal-rich Inner Mongolia saw its raw coal production at 3.57 Mt in Apr, a drop of 7.1% from the same period last year, according to local government website.
- Monday May 23,2022
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China's central province Henan consumed 27.3 TWh of power in Apr, a YoY rise of 1.28%, sending the total consumption during Jan-Apr to 120.84 TWh, up 4.65% YoY, showed data from supervision office of CHN Energy.
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Fujian, Guangdong, Beijing, Zhejiang and Shanghai imported a total of 47.02 Mt of coal during Jan-Apr, accounting for 62.4% of the country's total, of which Guangdong and Fujian accounted for 15.9% and 18.1% respectively.
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China's power consumption during Jan-Apr realized a positive growth, and 27 provinces followed the trend. Eastern, Central, Western and Northeastern China respectively consumed 1,215.8 TWh, 514.6 TWh, 797.4 TWh and 153.1 TWh of electricity, respectively 2.4%, 7.4%, 3% and 1.4% year on year.
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The top five importing provinces—Fujian, Guangdong, Beijing, Zhejiang and Shanghai contributed 67.7% of China's total coal imports last month, with the combined shipments reaching 15.95 Mt, which were up 9.7% YoY and 42.8% MoM.
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Southeastern China's Fujian province overtook Guangdong to become the largest province in coal imports in Apr, with imports at 5.2 Mt, surging 35.2% MoM and 48.6% YoY, showed data from the GAC on May 23.
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As of 15:00 p.m. (GMT+8) May 23, Chinese coke futures opened the daytime session at 3,476.0 yuan/t and closed at 3,370 yuan/t, down 0.75%; coking coal opened at 2,670 yuan/t and closed at 2,567.0 yuan/t, down 2.49%. Thermal coal rose 1.67% to 852 yuan/t, after opening at 837.8 yuan/t.
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