Weekly China coal market news summary (Dec 4-Dec 8)

sxcoal.com Price,  Import & Export,  Production & Sales 2023-12-08 17:25:44

China's thermal coal market remains stable; turning point may emerge

China's portside thermal coal market has stayed stable in recent days, due to subdued demand. However, traders are anticipating a potential turnaround over the weekend as temperatures are predicted to


China to further enhance coal reserve system with new draft on mine capacity reserve

China has been working to enhance its coal reserve system in an effort to secure supplies and stabilize prices, and the newly released draft on building capacity reserve at qualified coal mines would


China's coking coal prices likely to plateau as prudence grows

China's coking coal market is poised to reach a plateau, with price rally waning alongside the growing prudence in procurements from downstream users and middlemen.On December 7, the CCI indexes for S


China Nov coal imports climb to 3rd highest in history

China's coal imports extended the year-on-year growth in November to reach the third-highest level in history, the latest customs data showed.China imported 43.51 million tonnes of coal over November,


NDRC: China's coal supply and demand expected to remain stable in 2024

China's coal supply and demand is expected to remain stable next year, according to Tang Shemin, an official of the National Development and Reform Commission's Economic Operation Department. Speaking


400 Mt coal contracts signed on 1st day of 2024 China coal trade fair

Thirty-two major coal producers and end users signed medium- and long-term coal supply contracts totaling 400 million tonnes or so on the opening day of the 2024 China Coal Trade Conference.Organized


China aims to establish coal production capacity reserve system by 2027

China plans to preliminarily set up a coal production capacity reserve system by 2027, aiming to stabilize prices and enhance supply of the material, according to a draft plan issued by the National D


Daqin Jan-Nov coal shipment hits 4-yr high

Daqin railway, a major channel shipping coal from production areas to transfer ports in China, delivered 37.66 million tonnes of coal in November, soaring 64.45% on the year, according to operator Daq


QHD port coal stocks down mildly as outflows rebound

Coal inventory at China's major transshipment port of Qinhuangdao dropped moderately last week, as cold air pulled up outflows to exceed inflows.Qinhuangdao's coal stocks stood at 6.15 million tonnes


China delivers promise of stopping building new coal-fired power plants aboard

China has completely stopped building new coal-fired power plants aboard, said Vice Premier Ding Xuexiang during the UN COP28 in Dubai, a move exhibits the second-largest economy's responsibility to c


(Writing by Rebecca Liu  Editing by Harry Huo)
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China Energy Investment Corporation (CHN Energy), the country's top energy producer, has maintained its coal production at a peak level of around 500 million tonnes for 29 consecutive months.The group

2 Weekly: China's anthracite prices remain stable amid weak fundamentals 2024-03-05

China's domestic anthracite prices remained stable last week (February 26-March 1) amid continued weakness on both supply and demand sides after the Spring Festival.Most anthracite mines restarted ope

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4 China thermal coal market in figures (Mar 5) 2024-03-05

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5 Poland Jan hard coal output up 2.1% on yr, lignite down 12.7% 2024-03-05

Poland's hard coal production was 4.13 million tonnes in January 2024, increasing 2.1% from a year ago and 2.2% from a month ago, official statistics showed.Lignite production stood at 3.55 million to

6 Russia Feb seaborne coal exports up 10.5% on mth, Kpler 2024-03-05

Russia's seaborne coal exports increased 10.51% month on month to 11.77 million tonnes in February 2024, ending the sixth straight month of decline, according to Kpler's cargo-tracking data.The volume

7 China's portside thermal coal stabilizes as demand improves 2024-03-04

China's portside thermal coal prices stabilized on improved demand after a weeklong decline, but it is still uncertain if the market can switch to an uptrend.On March 4, cargoes of 5,500 Kcal/kg NAR t

8 Weekly: China's thermal coal prices weaken as demand retreats 2024-03-04

Spot thermal coal prices dipped in China last week as demand tapered off following the end of weather-related impacts and lower-than-anticipated demand ahead of the "Two Sessions". However, robust min

9 Qinghai Jan power generation rises 8.2% YoY, consumption up 10.7% 2024-03-04

Northwestern China's Qinghai province generated 8.37 TWh of electricity in January, rising 8.2% from a year earlier, according to data released by the local energy bureau.Hydropower output increased 3

10 China's coking coal sales still lukewarm on lack of buying strength 2024-03-04

Coking coal sales in China remained subdued as prudence prevailed among coking plants and traders, while market sentiment cooled further due to the decline of settlement prices or failures for online

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3 Monthly: China's Feb coastal coal freight rates dip on limited support 2024-02-29

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6 U.S. Jan coal output down 15.8% YoY, EIA 2024-02-28

The United States produced 42.95 million short tons (38.96 million tonnes) of coal in January 2024, down 15.8% from 51.01 million short tons a year ago and 8.5% from the previous month's 46.94 million

7 Yancoal Australia 2023 profits down despite increased output 2024-02-28

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9 China's steelmaking raw materials see mixed price trends in Jan 2024-02-29

Prices of key steelmaking ingredients including coking coal and iron ore extended gains in January, while those for PCI coal and metallurgical coke dropped, according to data from the China Steel Deve

10 Vietnam Jan coal output up nearly 25% on yr 2024-02-29

Vietnam's coal production rebounded above 4 million tonnes in January, rising nearly 25% year on year, according to the latest data from the General Statistics Office (GSO).The country produced 4.03 m