Weekly China coal market news summary (Apr22-Apr 26)

sxcoal.com General 2024-04-26 16:38:33

China's coking coal, coke markets firm on lower stocks

China's coking coal and coke markets continued to gain support from low stocks ahead of the May Day holiday, mainly due to sustained demand from coking plants, steel mills and traders and regional sup

 

Chinese demand for seaborne thermal coal cools off; India's demand on the rise

China's seaborne thermal coal demand has decreased because of lower domestic prices, increased freight rates, and close to completion of purchases for late April delivery.Currently, Indonesian May-loa

 

Chinese buyers resistant to surging domestic and imported coking coal

Chinese participants may become more resistant to accepting high-priced coking coal, both domestically and imported, even as coking coal prices are expected to maintain an upward trend in the near fut

 

China's portside thermal coal prices stabilize

China's portside thermal coal prices were largely stable on April 24, as sellers were motivated to maintain prices following the top miner's recent price adjustments.Prevailing offers for 5,500 Kcal/k

 

China adjusts down rail coal freight rates to boost transport

China's coal suppliers are pleased with the recent announcement of reduced freight rates by local railway authorities, aiming to cut transport costs and increase volumes.Since early April, there has b

 

Intense rainfall benefits hydropower, limits coal use in China

Hydropower generation in China is set to rise notably in the second quarter of this year, driven by heavy rainfall in South China during the flooding season. Increased generation from hydro stations a

 

QHD coal stocks rebound on port closures

Coal inventories at China's major transshipment port of Qinhuangdao rebounded above 5 million tonnes again, owing to declined outbound shipments during port closures and slack coal consumption.Qinhuan

 

Hebei aims to reduce about 10% coal use by 2025

Northern China's Hebei province is targeting to trim coal consumption by approximately 10% by 2025 compared with 2020 through stringent control, according to an action plan issued by the local govern

 

Review: China Mar coal imports refresh record for same mth

China's coal imports in March increased from that in the first two months and hit a new record for the same period, customs data showed.China imported 41.38 million tonnes of coal in March, up 0.5% ye

 

Review: China Mar thermal coal imports climb 25%+ MoM; Indonesian coal falls to 60%

China's thermal coal imports in March hit a new high of the month in history, with an increase of more than 25% from February and some 3% growth year on year, the latest customs data showed.According

 

Review: China Mar coking coal imports rebound amid surging Mongolian coal

China's coking coal imports in March bounced back from a month ago, backed by prominent growth in Mongolian coal imports, customs data showed, with Mongolia and Russia remaining the top two suppliers.

 

Review: Over 60% of Chinese provs see YoY rise in Mar coal imports

China's coal imports in March reached a new high for the same month, marking the second consecutive month of such an achievement, according to customs data. Over 60% of Chinese provinces and regions r

 

China's top 5 provinces contribute 53.5% of Mar coke output

China's top five coke-producing provinces – Shanxi, Inner Mongolia, Hebei, Shaanxi and Xinjiang – produced 21.06 million tonnes of coke in March, accounting for 53.5% of China's total, according to da

 

(Writing by yan.sun  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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1 Indonesian thermal coal prices stay firm; Chinese domestic prices soar 2024-05-07

Indonesian thermal coal prices extended the upward trend on the back of increased demand from Chinese buyers actively seeking seaborne cargoes post-holiday.Trading activity was resilient in the market

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Inventory of five major steel products in China's 21 cities continued to decrease in late April (April 21-30), down 3.1% from mid-April to 11.99 million tonnes, according to data from the China Iron a

7 Mongolian coal exports dip 3.8% on mth, MCGA 2024-05-07

Mongolia's coal exports totaled 24.43 million tonnes over January-April 2024, increasing 28.27% from the year-ago level, according to the latest data from the Mongolian Customs General Administration

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China's domestic thermal coal prices exhibited noticeable fluctuations throughout April, a traditionally shoulder month for coal consumption. However, overall, the changes were not particularly dramat

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Shandong province, a traditional energy hub in China, has topped the country in installing new energy storage capacity, playing a significant role in the national energy security.By the end of March t

10 Review: S Africa Mar coal exports jump on mth; half goes to India and Vietnam 2024-05-07

South Africa's coal exports in March jumped over 17% compared with the previous month, while increased only moderately on a year-on-year basis, customs data showed, driven by growing demand from India

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