- Friday July 30,2021
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China's power consumption is forecast to
reach 9,500-9,800 TWh in 2025. Power usage increment is expected to reach 40
GWh averagely each year during the 14th Five-Year Plan period (2021-2025),
equivalent to one-year usage in France.
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India's thermal coal imports stood at 14.07
Mt in Jun, up 92.71% on the year and 3.94% month on month. Imports in Jan-Jun
totaled 80.61 Mt, up 8.37% on the year, according to Iman Resources.
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One major Shanxi-based coke producer
proposed to raise coke prices by 120 yuan/t, with new offer effective Aug 1. Additional
100 yuan/t increase will be added to the non-regular customers on the same day.
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Imported Mongolian coal inventories at
Ganqimaodu stocks increased 71 Kt from the preceding week to 161 Kt this week,
and salable stocks remained limited.
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Coal supply to India's power utilities continued to fall in past three years, and the reduction in FY 2020-21 expanded more due to the COVID-19 pandemic, to only 593 Mt, against 643.7 Mt in FY 2018-19 and 638.7 Mt in FY 2019-20, according to the country's power ministry.
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Crude steel output from the top 10 steel
producers in China accounted for 38.8% of the total output in 2020, up 4.6
percentage points from the 2015 level. China Baowu's output exceeded 100 Mt,
ascending as the top position in the globe, according to the CISA.
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Japan's coke imports fell the second straight month in June, to 161,900 tonnes, down 101,700 tonnes or 38.58% from May, but much higher than 20,500 tonne a year ago, showed data from the Japan Ministry of Finance.
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Japan's anthracite imports rose 129.52% from the year prior and 2.15% from May to 556,900 tonnes in June, showed the latest data from Japan's Ministry of Finance (MOF).
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China
will cancel export rebate on 23 steel products, including cold-rolled coil and
galvanized coil, from Aug 1. Export tariff on high-purity pig iron and ferrochrome
will be further raised to 20% and 40% respectively on the same day, up from 15%
and 20% set in May, the Ministry of Finance and State Taxation Administration
said Jul 29.
- Thursday July 29,2021
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Mongolian #5 washed
coking coal was heard settled at 2,400 yuan/t, delivered to Tangshan, Hebei, up
180 yuan/t from the previous level. Ganqimaodu border crossing saw 108 Mongolian
coal trucks pass through on Jul 28, down 58 day on day.
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Japan's coking coal imports rose 8.13% on the year and 0.16% on the month to 5.06 million tonnes in June, showed data from Japan Ministry of Finance (MOF).
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Japan imported 13.1 million tonnes of coal in June 2021, falling 0.16% from 13.12 million tonnes a year ago and 4.02% from 13.65 million tonnes in May, showed data from the country's Ministry of Finance (MOF).
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Mongolian Mining Corporation's Q2 raw coal
output at 1.05 Mt, up 71% YoY, but down 52% QoQ. Washed coking coal sales stood at 91,900 t,
down 87% YoY and down 84% QoQ.
- Wednesday July 28,2021
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Coke producers at many areas reduced coke production by 20-50%, as intensified environmental pressure and rapid rises of coking coal prices caused losses of some firms. Luliang city in Shanxi ordered shutdown or coking prolonging of newly commissioned coke capacity without all procedures, Sxcoal learned.
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Impacted by typhoon In-Fa, traffic control has remained for one week at Yangtze River estuary, significantly impacting thermal coal vessel shipping there, according to Taiang Marine Bureau.
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