Weekly China coal market news summary (May 18-May 22)

sxcoal.com General 2020-05-22 15:10:04

China to slash H2 coal imports to back domestic miners, analysts say

China is expected to tighten coal import rules in the second half of 2020 to shore up its struggling domestic industry, after record ...

 

Thermal coal prices rally at China producing areas amid strong demand

Thermal coal prices rallied at China's main production bases, as production cuts ahead of the Two Sessions would prop up the market. ...

 

QHD port coal inventory falls below 4 Mt on increased trades

Coal inventory at Qinhuangdao port, a barometer of China's spot thermal coal market, fell below 4 million tonnes due to increased tra...

 

China thermal coal consumption rebounds obviously in the first half of May

An average of 3.6 million tonnes of thermal coal was burnt to generate 7.32 TWh of coal-fired power per day in China in the first hal...

 

China coking coal market little affected by 'Two Sessions'

Coking coal supply in China has felt limited effect from the annual political gathering starting May 21, and prices still lacked upwa...

 

Top 3 provinces contribute 70% of China's coal output in Jan-Apr

Raw coal output at China's three major production areas –Shanxi, Inner Mongolia, and Shaanxi – stood at 808.36 million tonnes in the ...

 

Daqin railway transport volume falling not by chance

Daqin Railway Co., Ltd. recently released its first quarterly report in 2020, showing that its operating income was 16.172 billion yu...

 

China's weak hydropower defies expectation of its hit on thermal power

China's hydropower generation registered deepened drops even though many regions have entered rainy season ahead of previous years an...

 

China Shenhua Apr coal sales up 68.4% YoY

China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp., posted a 68.4% year-on-year increase in coal sales in ...

 

China's Apr power consumption edges up 0.7% YoY

China's power consumption rose by 0.7% from the preceding year to 557.2 TWh in April, showed data from the National Energy Administra...

 

China's coal consumption falls to 57.7% of energy mix in 2019

China's coal consumption fell to 57.7% of the total energy mix in 2019, down from 59.2% a year earlier, according to a meeting summon...

 

China's coal industry reports steady growth in 2019

China's coal industry registered steady development in 2019, seeing improved industrial structure along with increased demand and sup...

(Writing by Emma Yang  Editing by Jessie Jia)
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1 China's thermal coal expected to go south amid falling demand 2020-05-29

Spot prices of Chinese domestic thermal coal are expected to fall in the near term, as demand from utilities has been weakening. Data from sxcoal.com showed the daily coal burn at China's

2 China coking coal prices stabilize after hitting 34-mth low 2020-05-29

China's coking coal prices have been leveling off these days after touching a 34-month trough on May 20, bolstered by downstream restocking and production cuts during the "Two Sessions" (May 22-28).

3 Chinese seaborne thermal coal market shows signs of softening 2020-05-29

Chinese seaborne import thermal coal market showed signs of weakening late this week, given a dearth of sales as end buyers suspended procurement of foreign cargoes amid domestic market uncertainty.

4 QHD port coal stocks keep falling on active selling by traders 2020-05-29

Coal stockpiles at Qinhuangdao port kept decreasing as traders started actively selling off cargoes in hand after spot thermal coal market softened. The port's inventory fell 5,000 tonnes

5 China excludes clean coal projects from list eligible for green bonds 2020-05-29

China has excluded "clean coal" from a list of projects eligible for green bonds, according to long-awaited new draft guidelines published by the central bank on May 29. The new catalogue

6 China Coal Daily Track (May 29) 2020-05-29

Thermal coal Production area In Inner Mongolia, some coal mines suspended operation as their "coal sale quotas" have run out. Limited supply resulted in a small price rise at these mines.

7 China's new energy installations possibly the highest in history this yr 2020-05-29

In 2020, China's new energy installed capacity will likely reach a new high. On May 25, the National Energy Administration issued an announcement saying that the combined "newly-added dig

8 S Africa Richards Bay Apr coal exports plunge to 9-yr low 2020-05-29

Coal exports from Richards Bay Coal Terminal (RBCT), the largest coal port in South Africa, hit a nine-year low in April, as slump in flows to India and South Korea more than offset increase in volume

9 Two Sessions: Chinese delegates call for more imports of premium coking coal 2020-05-29

Chinese delegates of NPC called for more imports of premium coking coal, in order to boost green development of steel industry. Domestic steel production has been plagued by supply shorta

10 CIL coal supply to power sector dips 22% to 32 Mt in Apr on demand slump 2020-05-29

The supply of coal to the power sector by state-owned Coal India has dropped 22% to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown.

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5 China's coal imports from Mongolia continue to rise, adding pressure to price 2020-05-26

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8 China's import thermal coal market at a crossroad after nearly 1-mth rebound 2020-05-26

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