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S Korea imported 8.94 Mt of coal in Apr, up 6.55% YoY and 8.62% MoM, customs data showed. The import value reached $1.51 bln in the month, down 9.44% YoY but up 12.55% MoM.
Canada coal exports reached 2.79 Mt in Feb 2024, down 1.97%YoY but up 7.97 MoM.
Indonesian coal miner ITMG produced 4.9 Mt of coal in Q1, rising 31% YoY. It sold a total 5.0 Mt of coal, up 11% YoY, the company said in a report.
Inventory of five major steel products in China's 21 cities moved lower in early May (May 1-10), down 3.7% from late Apr to 11.55 Mt, marking the six consecutive sessions' decline, according to data from the CISA.
Newcastle port in Australia exported 11.36 Mt of coal in Apr, rising 1.54% YoY yet down 6.65% MoM, Port of Newcastle data showed.
Coal exports at the Hampton Roads terminals in the state of Virginia of the US amounted to 3.90 mln short tons (3.54 Mt) in March, up 17% MoM and 32% YoY, according to data released by the Virginia Maritime Association.
China's independent coke firms churned out 28.98 Mt of the steelmaking material in Mar 2024, falling 5.8% YoY and accounting for 73.6% of the country's total coke output, according to data released by the CCIA.
Market rumor said that Shanxi urges coal mines to boost production at a provincial meeting on May 13, allowing them to operate at 110% of approved capacity. According to policy regulations, reaching 110% of approved capacity is not considered overproduction. The gov't will also accelerate the return of production permits that were temporarily suspended for various reasons. These measures aim to increase local coal supply in preparation for the peak demand period in summer and to bolster the local economy, which has been experiencing a slowdown.
India supplied 69.83 Mt of coal to the power sector in April, up 5.4% YoY, showed data from the Ministry of Coal in India.
Shanxi Power Grid will have 25 UHV transmission lines undergoing maintenance this month, marking the highest number of monthly maintenance operations in nearly 5 years, state media China News Service reported. Among them, 18 of the lines are part of a series project for the adjustment of Shanxi's "West-to-East" power transmission channel. These projects, scheduled to be completed and put into operation before the peak summer demand, are expected to further enhance the outbound transmission capacity of Shanxi Power Grid.
Guangdong Power Grid Corp announced that starting from May 11, the Fujian-Guangdong Interconnection Project will be sending electricity to Guangdong at 2 GW of full-channel capacity for the first time. This power supply will last for 10 days, with an expected delivery of 280 GWh.
Shaanxi daily PV power generation exceeds 100 GWh.
India's coal imports totaled 268.24 Mt in FY2023-24, rising 7.7% YoY, with March's volume up 13.45% YoY to 23.96 Mt, showed data from e-commerce platform mjunction.
As of May 9, more than 50 cities across China have eased their home purchase restrictions, state media CCTV reported. Beyond that, more than 50 cities nationwide have expressed support for trade-ins of commercial housing. In addition, measures include relaxing housing loan policies, providing housing subsidies, and cancelling the lower limit on interest rates for commercial loans for first-time home buyers.
China's Apr automobile production and sales reached 2.41 million and 2.36 million respectively, down 10.5% and 12.5% MoM but up 12.8% and 9.3% YoY, according to data released by the China Association of Automobile Manufacturers.
China's domestic thermal coal market witnessed divergent opinions about near-term developments, dampening? trading sentiment as most participants awaited clearer signals.Since late last week, inquirie
India is currently unlikely to levy tariffs on the export of low-grade iron ore, despite increasing overseas sales to China, Reuters reported, citing a source familiar with the matter.India is the fou
Canada exported 2.79 million tonnes of coal in February 2024, falling 1.97% on the year but rising 7.97% on the month, according to the latest data from Statistics Canada.Value of the coal exports amo
Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.
China has unveiled a comprehensive update to its national power market regulations, the first revision in 18 years, aimed at enhancing market unification and addressing regional disparities.The Nation
Coal inventories have been increasing recently at major transshipment ports in China, despite despite strong thermal coal prices at northern ports and production areas, reflecting weak demand in the e
Thermal coalProduction area?Mine-mouth thermal coal prices remained stable in major producing regions, with only minor reductions observed for certain grades. While production at some opencast mines w
Coal imports of South Korea reach 8.94 Mt in Apr, up 6.55% YoY and 8.62% MoM, showed data from S. Korea Customs.
India's Directorate General of Trade Remedies (DGTR) has recently put forth recommendations to the government to impose proective measures amid escalating challenges posed by surging metallurgical cok
Indonesian coal miner ITMG produced 4.9 million tonnes of coal over January-March this year, 31% higher than 3.8 million tonnes in the same quarter last year, according to the latest operational repor
The US Energy Information Administration (EIA) projected power consumption in the country to reach record highs in 2024 and 2025, according to its Short-Term Energy Outlook released on May 7.The EIA f
Chinese steel companies still have room to further cut production and reduce inventories, as the industry faces a temporary supply-demand imbalance and declining steel prices, according to a senior of
Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.
South Africa exported a total of 6.22 Mt of coal in Mar 2024, up 2.21% YoY and 17.02% MoM, showed data from South African Revenue Service.
China added 45.74 GW of solar power capacity into the grid in the first quarter of this year, jumping 36% from the same period of 2023, according to data from the National Energy Administration (NEA).
India's coal output increased by 7.4% to 78.69 million tonnes in April compared to last year's 73.26 million tonnes, according to the coal ministry.Coal India Limited (CIL), the state-owned coal minin
Shandong province, a traditional energy hub in China, has topped the country in installing new energy storage capacity, playing a significant role in the national energy security.By the end of March t
China coking coal, met coke and steel market key figures in focus.
Colombian government will submit a bill to Congress in the coming months, proposing reforms to the mining law implemented since 2001.Amendments to the mining law is one of the biggest challenges facin
Coal exports in the United States are projected to rise in April and May compared with last month's forecast as a result of the higher-than-expected exports of metallurgical coal in February and the c
Rises in thermal coal prices at north China ports after the May Day holiday were supported mainly by traders' efforts to prop up prices, and downstream demand is yet to improve materially.On May 7, th
Newcastle thermal coal futures have maintained an upward trajectory since late April, propelled by soaring demand from Asian countries grappling with sweltering heat.On May 6, the June contract closed
Thermal coalProduction area Thermal coal prices stayed firm in major producing regions, supported by well-maintained balance between production and sales across most mine. Some mines opted to suspend
South Africa's coal exports in March jumped over 17% compared with the previous month, while increased only moderately on a year-on-year basis, customs data showed, driven by growing demand from India
Mongolian coking coal auctions on the Mongolian Stock Exchange (MSE) recovered since mid-April, snapping consecutive failures from late March to early April, partly supported by a resurgence in China'
Thermal coalProduction area Thermal coal prices continued to rise in major producing regions, supported by modestly tightened supply due to environment inspections at some mines. Metallurgical and che
Chinese metallurgical coke prices stayed temporarily stable during the May Day holiday from May 1 to 5, following a 100-110 yuan/t increase earlier last week, the fourth consecutive hike since mid-Apr
Thermal coal prices at northern China ports held stable on April 29 as market participants awaited developments post the May Day holiday spanning May 1-5.Domestic 5,500 Kcal/kg NAR thermal coal was of
Thermal coalProduction area Thermal coal prices drifted higher in major producing regions, supported by active restocking from metallurgical and chemical plants. This led to balanced production and sa
April saw fluctuating international thermal coal prices, starting with a slight drop and then rebounding, though with moderate volatility.In the first half of the month, ?after the temporary impact of
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