- Friday July 26,2024
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Thailand's thermal coal (including bituminous and sub-bituminous coal) imports stood at 1.25 Mt in Jun, hitting the lowest since January 2024, customs data showed.
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Coal production in the U.S. is expected to stand at 9.57 Mst (8.68 Mt) in the week ending Jul 20, up 3.94% WoW yet down 14.62% YoY, according to the latest Short-term Energy Outlook published by the U.S. EIA on Jul 25.
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The power load in China's top economic powerhouse Guangdong hit a record high of 156.7 GW on Jul 25, refreshing the record for the 5th time in 2024, according to Guangdong branch of Southern Power Grid.
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At the end of Jun, China's combined wind and solar power capacity increased 37.2% YoY to 1,180 GW, exceeding coal installations for the first time, showed data from the China Electricity Council.
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The Baltic dry bulk freight index fell for the 5th straight session on Jul 25. The BDI index dropped 1.6% from last session to 1,834 points, the lowest in more than six weeks, as Capesize vessel rates declined to a two-month low. The Panamax freight index rose 1.1% to 1,785 points, the highest in a month, while the Capesize index descended 3.8% to 2,696 points. The Supramax index picked up 0.1% to 1,387 points.
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NE China's Manzhouli border port imported 3.83 Mt of coal in H1 2024, surging 39% YoY, the Manzhouli reported.
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Northern China's Inner Mongolia granted a mining approval for full operation at a mega mine on Jul 23, another move to expand the province's coal production capacity and raise coal production.
- Thursday July 25,2024
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Eastern China's Anhui province produced 8.73 Mt of raw coal in Jun 2024, falling 9.9% YoY, according to data from the provincial statistics bureau.
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China is expected to realize a YoY growth of 6.5% in power consumption in 2024, sending overall usage to 9,820 TWh, partly contributed by increased air-conditioner usage due to higher temperatures in this summer.
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Japan produced 7.02 Mt of crude steel in Jun, falling 2% MoM and 4.2% YoY, according to data released by the Japan Iron and Steel Federation.
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China's natural gas consumption is forecast to reach 420-425 bcm in 2024, up 6.5%-7.7% YoY, while 246 bcm would be generated, with the growth continuing to surpass 10 bcm, according to the Report released by the National Energy Administration.
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Russia's coking coal output climbed 9.2% YoY to 56.2 Mt during H1, 2024. Total coal production was 211 Mt in the same period, down 0.7% YoY, according to Rosstat.
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India's coal output has reached 294.20 Mt as of Jul 19, 2024, climbing 10.70% YoY, which aligns with the country's production target of 1.08 Bt for FY2024-25, according to the coal ministry.
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Energy demand worldwide growth is forecast to reach the highest levels this year and next from the past two decades, according to the latest Electricity Mid-Year Update report released by the IEA.
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Eastern China's Zhejiang province imported 12.66 Mt of thermal coal in H1 2024, surging 78.8% YoY, according to data from Hangzhou Customs.
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