FlashNewsAnalysis

  • Friday June 14,2024
  • 17:19:32
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    Inventory of five major steel products in China's 21 cities was down 0.8% from late May to 10.53 Mt, which was 6.5% higher YoY, according to data from the China Iron and Steel Association.

  • 16:00:03
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    Zhejiang Energy Group said recently it had imported coal through Kemen port in Fujian prov. for the first time, following the arrival of 130 Kt of high-quality Australian thermal coal at the port. In May, the company's import coal exceeded 1.8 Mt for the first time, reaching 1.838 Mt.

  • 15:38:37
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    The US Department of State continued to designate entities involved in Russia's mining industry, including Koulstar group and the Elga Coal Complex, two networks of companies licensed to mine some of Russia's largest met coal deposits, according to an official announcement issued on Jun 12.

  • 09:25:20
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    Brazil exported 32.84 Mt of iron ore in May, up 10.8% MoM but down 6.3% YoY, according to the foreign trade department Secex. The export value amounted to $2.45 bln, down 16.6% YoY, with the average export price down 11% to $74.51/t.

  • 08:55:58
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    Inventory of five major steel products in China's 21 cities moved lower in late May (May 21-31), down 4.7% from mid-May to 10.61 Mt, marking the eight consecutive sessions' decline, according to data from the CISA.

  • Thursday June 13,2024
  • 14:32:31
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    The value of coal exports of Indonesian East Kalimantan in Q1 this year reduced by 24.24% YoY, but was still better than a 34.53% fall in the previous quarter, according to Budi Widihartanto, head of the East Kalimantan Bank Indonesia Representative Office.

  • 11:25:30
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    Newcastle port exported 11.77 Mt of coal in May, a 0.43% uptick YoY and rising 3.64% MoM, Port of Newcastle data showed.

  • 10:25:43
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    The Baltic dry bulk freight index inched up 0.3% DoD to 1,836 points on Jun 12, as gains in the Panamax vessel segment countered declines in the larger Capesize segment. The Panamax freight index rose 3.2% to 1,864 points, the highest since May 15, while the Capesize index fell 2.1% to 2,726 points, its lowest level since May 29. The Supramax index hit its highest level since May 28.

  • 10:07:05
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    China's Ceke border crossing saw a total 10.0 Mt of commodities clear customs as of Jun 11, and the value of import and export amounted to 6.25 bln yuan ($862 mln), according to the official Wechat account.

  • Wednesday June 12,2024
  • 17:02:13
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    China's independent coke firms churned out 28.40 Mt of the steelmaking material in Apr 2024, falling 6.7% YoY, while coke output from steel firms' captive coking plants reached 10.09 Mt, down 7.5% YoY, according to data released by the China Coking Industry Association.

  • 13:41:37
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    Xinjiang railway, operated by the CR Urumqi Group, shipped 64.96 Mt of coal in the year to Jun 8, rising 14.3% YoY. It handled 100.4 Mt of cargoes during the given period, up 7.4% YoY, People's Daily reported.

  • 11:49:17
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    Indonesia is likely to miss its 2024 coal production target. YTD coal production reached only about 30% of the 922-million-tonne annual target, according to Hendra Sinadia from the Indonesian Mining Association.

  • 10:34:22
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    Russia has unveiled its plan to export coal to India through Iran's railway system, as part of the country's efforts to diversify its export markets at a time when it faces growing pressure from Western sanctions.

  • 08:53:45
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    Mongolia exported 2.96 Mt of iron ore over Jan-May 2024, rising 32.16% YoY, showed the latest data from the Mongolian Customs General Administration. The total export earnings increased by 21.46% YoY to $237 mln during this period.

  • Tuesday June 11,2024
  • 17:34:16
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    Mongolia exported 7.23 Mt of coal to China in May, up 80.02% YoY and 6.7% MoM.

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