Sichuan's 1st state-level coal reserve base to come online General 2024-04-17 15:58:12

The first national coal reserve base in southwestern China's Sichuan province is on track to start commissioning by mid-May, local media reported.


The coal reserve project is aimed at ensuring stable supply and energy security during peak demand periods, especially in the summer.


The base, located in Gaoxin Logistics Park, Guang'an city, covers an area of 14.9 hectares. Starting construction from March 10, 2021, it is designed with a storage capacity of 1.2 million tonnes and a transshipment capacity of 10 million tonnes annually.


The project, upon commissioning, will serve as a coal supply pivot to cover the emergency needs in Sichuan and neighboring Chongqing.


Sichuan is the top hydropower producer in China. However, hydropower output was in a severe shortage in past two summers due to extreme hot and dry weather conditions, prompting the local government to raise coal use to ensure its energy security.


In August 2022, the province's hydropower reservoirs have dropped to half their normal levels, slashing generating capacity by more than 50%. This caused electricity cuts to businesses and households.


(Writing by Riley Liang  Editing by Alex Guo)
For any questions, please contact us by or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesian thermal coal prices stable amid subdued demand from China 2024-05-24

Indonesian thermal coal prices continued to move sideways on May 24, influenced by reduced demand from China due to heavy rainfall impacting power generation and coal consumption.Offers for June-loadi

2 Weekly China coal market news summary (May 20-May 24) 2024-05-24

China's portside thermal coal prices tend to stabilize amid high stocksChina's domestic thermal coal market was adversely affected by high stockpiles at northern transshipment ports, prompting traders

3 Weekly global coal market news summary (May 20-May 24) 2024-05-24

Newcastle thermal coal prices dip to $140/t on harsh monetary policyNewcastle thermal coal futures continued to fall this week, due to concerns about the U.S. delaying interest rate cuts, now at a 23-

4 China's coking coal picks up, coke ceases fall on hope for property support 2024-05-24

China's coking coal prices shifted to the upward trajectory and metallurgical coke prices ceased decline, as participants expected increased demand from steel mills following Beijing's efforts to stab

5 China's mine-mouth thermal coal prices buoyed by leading miner's price hikes 2024-05-24

China's mine-mouth thermal coal market exhibited an upward trend, supported by two consecutive hikes in purchasing prices for third-party coal by the nation's leading mining group during the week.Of t

6 China futures market updates at close (May 24) 2024-05-24

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

7 China Coal Daily Track (May 24) 2024-05-24

Thermal coalProduction area Thermal coal prices continued the upward trend in major producing regions. Disrupted by safety inspections, more mines that are about to complete monthly production tasks o

8 India to discuss met coke import quota 2024-05-24

India's government is about to convene a meeting on May 28 to discuss issues with regard to the imposition of quantitative restrictions on low-ash metallurgical coke imports, as a sudden influx of the

9 India grapples with blackouts amid sweltering heatwave 2024-05-24

Scorching weather has sent power demand soaring in India, leading to prolonged power outages crippling daily life across the nation.On May 20, New Delhi experienced record-breaking temperatures exceed

10 China's Apr hydropower output climbs over 20% YoY 2024-05-24

China's hydropower generation in April increased notably over the same period last year amid increasing precipitation entering the rainy season, maintaining a positive year-on-year growth for seven mo

Most Read Articles

1 Weekly: China's coking coal prices decline on sidelined sentiment 2024-05-20

China's coking coal market retreated last week, with some grades down 50-100 yuan/t, pressed by tightened supply and weakened demand amid thick wait-and-see stance. Online transactions also encountere

2 Weekly: China's met coke market sours after 5th price rise fails 2024-05-20

Chinese metallurgical coke market softened overall last week and participants shifted to a bearish outlook after the fifth price hike failed to be accepted by steelmakers and the emerging price cut re

3 Risun Wei Shan Indonesia commissions 4th coke oven 2024-05-21

PT Risun Wei Shan Indonesia, a coke producer backed by China Risun Group in the southeastern Asian country, successfully commissioned its No.2 coke oven on May 18, the group said on its website.The co

4 China Coal Daily Track (May 20) 2024-05-20

Thermal coalProduction area Mine-mouth thermal coal prices stayed range-bound in major producing regions amid thickened sidelined sentiment. Metallurgical and chemical plants slowed down restocking ac

5 Challenges persist for Guizhou's coal emergency reserves 2024-05-21

Southwestern China's Guizhou province fell short of fulfilling less than 40% of its planned coal emergency reserves in 2023, according to inspection results released by the local authorities, indicati

6 Asian heatwave fuels Newcastle coal prices 2024-05-20

Newcastle thermal coal futures have stayed above $140/t for three days, supported by strong demand and a positive outlook in Asia.?Despite a slight 0.35% dip in the June contract on ICE on May 17 to $

7 Intelligent coal mines account for over a half in Inner Mongolia 2024-05-20

Inner Mongolia autonomous region has made fast advancements in coal mines' intelligent construction, building up 155 smart coal mines as of end-April this year, accounting for over a half of the total

8 Weekly: China thermal coal prices capped by weak demand; seaborne market edges up 2024-05-20

China's domestic thermal coal market lost its upward momentum last week after the buying took a pause. However, new purchases are expected to enter the pipeline this week as the market anticipates hig

9 Summit Focus | China's coal demand to increase 4% this yr 2024-05-21

China's coal demand is forecast to grow at least 4% this year, factored in various uncertainties and factors, an industry expert said at a market seminar last week.The forecast is made based on a 6% r

10 Weekly: China's anthracite prices keep flat on rigid demand 2024-05-21

China's domestic anthracite market remained stable in the week ending May 17, except for price upticks in some grades fueled by tightened supply-demand fundamentals.Most mines maintained normal operat