Weekly China coal market news summary (May 20-May 24)

sxcoal.com Price,  Ports,  Thermal Coal,  Coking Coal 2024-05-24 17:00:29

China's portside thermal coal prices tend to stabilize amid high stocks

China's domestic thermal coal market was adversely affected by high stockpiles at northern transshipment ports, prompting traders to accelerate their sales, according to market sources.On May 23, offe

 

China's coking coal output posts modest growth; miners face limited inventory pressure

Coking coal supply rebounded in China's main production areas since some previously halted mines due to accidents or regular maintenance resumed operations. However, miners generally faced limited inv

 

China's met coke, coking coal futures up over 4% DoD amid positive policies

China's metallurgical coke and coking coal futures registered notable growths on May 22, rising over 4% from day-ago levels, mainly driven by resilient demand at steel mills and recent positive macro

 

AI-related power shortage brings opportunities for new energy

The rapid development of the artificial intelligence (AI) industry requires a significant amount of power that cannot be satisfied by traditional fossil energy, making new energy sources a valuable al

 

Where will Chinese thermal coal prices go?

Thermal coal prices saw a modest rise in China's production and portside markets in early May, driven by the anticipation of peak summer power demand and tight supply in key production areas. However,

 

Summit Focus | China's coal demand to increase 4% this yr

China's coal demand is forecast to grow at least 4% this year, factored in various uncertainties and factors, an industry expert said at a market seminar last week.The forecast is made based on a 6% r

 

Review: China's thermal coal imports pick up pace in Apr, high-CV in good demand

China's thermal coal imports increased for the second consecutive month in April, suggesting resilient demand for the fossil fuel in the world's top importer.In April, China imported 34.3 million tonn

 

China to implement new standards for mine ecological restoration from Aug 1

China has issued four national standards aiming to standardize ecological restoration in coal, metals, oil and natural gas mining fields, according to a statement published by the Ministry of Natural

 

China Apr raw coal output sees narrowed declines

China's raw coal production extended the downward trend in April, yet at a lower space, according to the latest data released by the National Bureau of Statistics (NBS).The country's raw coal output d

 

Top 10 Chinese miners' coal output down 5.33% YoY in Jan-Apr 2024

China's 10 largest coal mining groups (in terms of production) produced 739 million tonnes of raw coal in January-April 2024, falling 5.33% year on year, according to the latest data released by China

 

QHD port coal stocks accumulate amid lower outflows

Coal inventories at China's major transshipment port of Qinhuangdao built up slightly last week, as outbound shipments declined faster than intakes due to tepid demand and high inventories at power pl

 

China's Apr thermal power generation extends YoY rises

China's thermal power generation showed a faster year-on-year growth in April compared with the preceding month, but the rate was far lower than that in the same month last year.Output of thermal powe

 

(Writing by yan.sun  Editing by Harry Huo)
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1 Mongolia May rail coal and iron ore shipments fall for 2nd mth 2024-06-17

Mongolia's railway-carried coal shipments were registered at 872,400 tonnes in May 2024, down 12.41% from last month and marking the second straight month of decline, showed data from National Statist

2 Regional supply disruptions may limit downward space of China's coking coal prices 2024-06-17

Chinese coking coal prices started the week with a positive note amid sustained on-demand purchases and potential regional supply constraints as some miners in Shaanxi planned to halt production and d

3 China port-side thermal coal prices down amid rising inventory pressure 2024-06-17

China's thermal coal prices declined at major transfer ports, as some traders lower prices to complete for limited demand due to growing inventory pressure.On June 17, offers of 4,500 Kcal/kg NAR coal

4 China's coastal coal freight rates sustain downtrend as demand lags 2024-06-17

China's coastal coal freight rates extended the downward trend overall last week, hitting a record low since mid-April this year despite a slight rebound as of late last week.The China Coastal Coal Fr

5 Indonesia May coal exports rebound to multi-year high, Kpler 2024-06-17

Indonesia's seaborne coal exports rebounded from the previous month, hitting new highs for the same month in history, according to cargo-tracking data from Kpler.The country exported 44.24 million ton

6 Weekly: China's coking coal prices weaken further after 2nd coke price cut 2024-06-17

China's coking coal market continued to weaken last week amid sustained steel price reductions and cautious buying from end buyers. Bearish sentiment further spread after the second coke price cut. Pr

7 China futures market updates at close (Jun 17) 2024-06-17

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

8 Weekly: China's met coke prices drift lower on lack of support 2024-06-17

Chinese coking plants basically accepted the 50-55 yuan/t coke price cut proposed by major Chinese steel mills last week amid the weakened steel market and lower feed coal costs.This coke price declin

9 Weekly: China's thermal coal prices dip amid lack of demand 2024-06-17

Thermal coal market extended weakness at northern China ports last week, due to lukewarm demand from power plants vis-a-vis high selling costs. Some traders began softening their offers under high inv

10 China Coal Daily Track (Jun 17) 2024-06-17

Thermal coalProduction area Thermal coal prices were stable in major producing regions, apart from about 10 yuan/t price corrections in both directions at a few mines. End buyers made steady purchases

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