FlashNewsAnalysis

  • Thursday April 22,2021
  • 22:41:29
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    China will strictly control coal power projects, and strictly control growth of coal consumption in the 14 FYP and gradually reduce coal consumptioninover 15 FYP,  said Chinese President Xi Jinping at the Leaders Climate Summit on April 21.  

  • 10:11:04
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    Spokesperson of the Chinese Embassy in Australia expressed firm opposition to the Australian Foreign Minister's announcement on April 21 to tear up the "Belt and Road Memorandum and Framework Agreement" signed between China and the Victorian government of Australia, claiming the move will further damage bilateral relations.

  • 10:04:05
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    Guangdong province in Southern China used 152.71 TWh of electricity in the first quarter, surging 32.08% YoY and up 8.79% averagely in 2020-21, of which the two-year average growth rate of power use registered 7.75%, 8.96%, 10.08% and 6.54% respectively in the primary, secondary, tertiary industries and households, according to Southern Power Grid Guangdong Electric Power Co., Ltd.

  • 09:56:33
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    China's hydrogen production capacity is about 41 million tonnes per year, and the output is 33.42 million tonnes annually, making it the largest hydrogen producer in the word, said China Hydrogen Energy and Fuel Cell Industry White Paper 2020 released in Beijing on Apr 21, predicting China's hydrogen production from renewable energy will reach 100 million tonnes under the scenario of carbon neutrality by 2060.

  • 09:50:06
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    BHP's quarterly output report shows that its thermal coal output reached 4.8 million tonnes in January-March, falling 17% YoY while rising 34% MoM. In the first nine months of this fiscal year, BHP mined out 13 million tonnes of thermal coal, down 26% YoY.

  • 09:35:57
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    Coronado Global Resources's coal production increased nearly 1% from a quarter ago to 6.8 million tonnes in Q1, but sales dedclined 10.5% to 4.4 Mt. Coronado's coal production target remains unchanged at 18-19 Mt in 2021.

  • Wednesday April 21,2021
  • 17:02:15
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    China's energy consumption showed a rapid growth in the first quarter, up 14.6% year on year. It reversed a year-on-year decline of 3.1% in the same period of last year and achieved an average annual growth of 5.4% in 2020-21.

  • 15:00:00
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    China's coking coal imports slumped 45.9% year on year to 11.25 million tonnes in the first quarter of 2021, showed data from the General Administration of Customs on April 21.

  • 14:39:06
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    China's coal exports slumped 30.9% year on year to 770,000 tonnes in the first quarter of 2021, showed data from the General Administration of Customs on April 21.

  • 11:52:41
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    China's steel industry need to restrict incompliant newly-added and replaced steel capacity since 2016, reduce steel production with poor environmental treatment or from backward steel mills and constrain the output of blast furnaces, while not restricting steel capacity of class A steel mills meeting ultra-low emission standard and not restricting short-process steelmaking capacity of electric furnaces, proposed Luo Tiejun, vice president of China Iron & Steel Association (CISA).

  • 11:27:48
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    Owing to tight supply of mid- and low-calorific value Indonesian cargoes and rising demand from  Southeast Asian countries and China, Indonesia 3800 Kcal/kg thermal coal price climbed up to FOB $53/t, and 4700 Kcal/kg price rose to FOB $79-80/t.

  • 11:17:25
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    BHP updated its iron ore production guidance to 245 million-255 million tonnes for FY2021; its copper production is expected to be 1.54 million-1.66 million tonnes, higher than the previous forecast of 1.51 million-1.65 million tonnes; oil production is estimated to be 95 million-102 million barrels.

  • 11:09:23
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    China domestic thermal coal prices continued going up, as supply tightened due to strict safety and overcapacity inspections in Shanxi and Shaanxi, while traders and end users purchased actively.

  • 09:51:25
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    Coal exports from Newcastle port of Australia slumped 31.3% from a year ago and declined 23.3% month on month to 9.98 Mt in Mar. Coal shipments from the port are forecast to exceed 14 Mt in Apr.

  • 09:50:59
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    Inner Mongolia coal mine safety bureau cautioned that Ordos should pay high attention on safe production at its ten rock burst mines, despite these mines account for a small share in total 290 mines in the city. As the mining depth is rising year by year, the risk of rock burst and production safety is increasingly prominent for such mines.

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