Weekly China coal market news summary (Mar 25-Mar 29)

sxcoal.com General 2024-03-29 17:08:02

China's domestic thermal coal prices slide on growing bearish sentiment

China's portside thermal coal prices continued the moderate decline on March 28, owing to an excess of supply coupled with weakened demand, fueling pessimism about the near-term market outlook.Offers

 

China's portside thermal coal prices continue to dip, dashing hope of rally

China's portside thermal coal prices declined on March 27, breaking the sideways observed in the past few days, as the bearish sentiment regained with some transactions occurring at lower prices.Trade

 

China's met coke market under strain from 7th price cut

China's metallurgical coke market is facing strain as producers accept the seventh consecutive price cut, following a proposal by large steelmakers, which has cast a shadow on the market once again.On

 

Shanxi faces economic pressure as coal production and sales slump

Northern China's Shanxi province is grappling with economic challenges in the first quarter of this year, as its pivotal coal industry experiences a notable decline in production and sales.At a govern

 

Inner Mongolia sets slightly higher coal output target in 2024

Northern China's Inner Mongolia aims to produce 1.22 billion tonnes or so of coal this year, said Inner Mongolia's energy bureau.To achieve this target, the region plans to keep the total production c

 

China has 13 cities with coal output exceeding 100 Mt annually

There were 13 cities in China with annual coal output exceeding the 100 million-tonne mark in 2023, showed data from China National Coal Association and relevant official sources.Inner MongoliaOrdos c

 

China Shenhua expects further decline in 2024 coal production

China Shenhua Energy Co., Ltd., the largest listed coal producer in the country, has announced a downward revision to its coal production guidance for 2024, showed the latest annual report, joining ot

 

China's top 5 provinces contribute 54% of Jan-Feb coke output

The top five coke-producing provinces – Shanxi, Inner Mongolia, Shaanxi, Hebei and Xinjiang – produced 43.39 million tonnes of the product in January-February, accounting for 54.0% of China's total, a

 

N China ports' coal stocks slightly rebound amid subdued outflows

Coal inventories at China's major transshipment port of Qinhuangdao picked up yet still at a medium level last week, as coal inflows outpaced outbound shipping volumes amid weaker coal consumption at

 

Review: China's thermal coal imports hit new high in Jan-Feb

China's thermal coal imports in January-February touched a new high for the period in history, starting the year on a positive note, driven by a surge from Australia.According to the latest data from

 

Review: China's Jan-Feb coking coal imports hit new highs; Mongolian coal takes 50%

China's coking coal imports maintained a robust momentum over January-February, refreshing the record high during the same period in history, customs data showed. Mongolia and Russia remained top two

 

(Writing by yan.sun  Editing by Alex Guo)
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