Weekly China coal market news summary (Mar 11-Mar 15)

sxcoal.com General 2024-03-15 17:03:41

Recap: What experts say at the 2024 China Import Coal Intl Summit?

During the 2024 China Import Coal International Summit hosted by Sxcoal on March 8, industry experts and government officials shared insightful views on China's macro economy, coal production, consump

 

Summit Focus | China's coal capacity expansion to decelerate in 2024

China's coal production capacity is expected to increase at a slower pace in 2024, as current supply is abundant to cover the demand, said Feng Dongbin, vice general manager of industry consultant Fen

 

Summit Focus | China's import thermal coal may not rise this yr

China's coal imports are expected not to rise further in 2024 after hitting a record high a year earlier, said an expert at the 2024 China Coal Import International Summit in Xiamen.Wu Wenbin, head of

 

Thermal coal declines pick up at N China ports, 5,500 Kcal down below 900 yuan

China's domestic thermal coal market experienced an accelerated decline on March 13, as sellers opted to lower prices to break the prolonged sales deadlock. While attracting some buyers, this move fur

 

China may see regional coking coal supply tighten amid new mine accidents

China's coking coal prices continued a downward trajectory, although newly occurred coal mine accidents are highly likely to prompt intensified safety checks and tighter supply in more production area

 

Sharp price declines in China unsettle Indonesian thermal coal miners

Indonesian thermal coal miners got nervous about the market trend after the slump in Chinese domestic market undercut their price advantage, traders noted.The seaborne import market has already felt t

 

Daqin railway Feb coal shipments down over 12% on holiday effect

Daqin railway, a major channel shipping coal from production areas to transfer ports in China, shipped 27.8 million tonnes of coal in February, down 12.55% on the year, according to operator Daqin Rai

 

China's coal consumption at power plants edges down, weighing on prices

Coal consumption at power plants in China has decreased in tandem with the recovering temperatures, signaling the potential to cap coal prices, market sources noted.Approaching the conclusion of the w

 

Chinese steelmakers propose 5th coke price cut, clouding the market

Several steel mills in China planned to launch coke price cuts of 100-110 yuan/t for the fifth round, effective from March 12, as steel prices continued to drop.Many steelmakers reported unsmooth dest

 

QHD port coal stocks accumulate with higher intakes; N ports' decline further

Coal inventories at China's major transshipment port of Qinhuangdao picked up last week from the previous week's downward trend, with coal intakes outpacing outbound shipping volumes that were curbed

 

Inner Mongolia 2023 operating coke production capacity down 6.2 Mtpa YoY

Northern China's Inner Mongolia autonomous region, the country's key energy base, experienced significant changes in coke production capacity for 2023.By the end of last year, coke production capacity

 

(Writing by yan.sun  Editing by Alex Guo)
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