🚨 New Report Alert! 🚨
China's Ministry of Ecology and Environment is expanding the National Carbon Emission Trading Market to include the steel industry. 📈
Discover the key insights from our latest report:
#ClimateAction
#CarbonMarket
#SteelIndustry
China's Foreign Minister Wang Yi and his Mongolian counterpart B. Battsetseg confirmed the connection of the Gashuunsuhait-Ganqimaodu port by
#rail
and agreed to sign stable long-term
#coal
contract during their talks on Aug 8.
Newcastle
#thermalcoal
futures prices increased as demand is expected to surge in Europe where temperatures are forecast to start dropping dramatically in the next two weeks.
Global mining giant Glencore and Japanese power producer Tohoku Electricity Power have possibly entered into a long-term contract for supplies of
#thermalcoal
from Australia at around $200/t FOB, according to market sources.
#Coal
stockpiles at India's 57
#power
plants, which represent about 21% of the country's total generation capacity, have fallen to "critical" or "supercritical" levels due to rising power demand.
China's proven coking
#coal
reserves can hardly meet the demand for maintaining the country's long-term economic stability at current consumption levels, said Guo Lijuan, Deputy Director of Sales and Trade Service Center of Shanxi Coking Coal group.
China is on track to achieve its highest-ever
#coal
imports in 2023, with the aggregate volume in the first nine months already exceeding the previous record of 327.02 Mt set in 2013.
Mongolia finds a new
#coal
export route to China after the first cross-border freight train departing from Mongolia's capital Ulan Bator arrived at northern China's Caofeidian port.
The State Grid Corporation of China, the country's largest
#power
grid operator, said it will spend more than 500 bln yuan ($74.5 bln) in power grid projects in 2022, the highest in history, to bolster the country's economic growth.
Global miner Glencore and Japanese utility Tohoku Electric Power has nailed down a record high settlement price in the annual
#thermalcoal
supply contract that starts Oct 2022 until Sep 2023.
#Coking
#coal
supply is expected to further tighten in China's top production province Shanxi, after a fire accident led to three coal mines with a combined annual capacity of 11.7 Mt in suspension.
India's
#power
ministry urged electricity producers to secure 19 Mt of seaborne
#coal
imports by the end of Jun to avoid severer supply shortages and power outages.
An early
#snowfall
in many parts of China last weekend forced highways and ports to close temporarily and affected
#coal
supply to a certain degree, with the impact expected to last till the end of this week.
China's 2nd price hike of metallurgical coke initiated by major coke producers is highly likely to materialize in the coming days backed by certain supply shrinkage regionally and steel mills' active preholiday restocking.
More:
#CokePrice
#ChinaCoal
Supplies of premium
#Russian
coal, including low-vol PCI and mid-vol PCI, are expected to decrease steeply in the near future, primarily due to various issues within the Russian
#Railways
network and a decrease in coal exports.
Details:
#CoalExport
#PCI
Indonesia has no plans to enhance its coal output despite Europe's interest in purchasing from the archipelago as an alternative to Russia, according to a government official.
Several Chinese thermal
#coal
miners contacted by Sxcoal expressed their optimism about the market in early-March, as they reckoned coal supplies will fall short of demand amid multiple supply constraints.
Australian
#coal
producer New Hope is ready to expand its New Acland thermal coal mine in Queensland after the state government granted a water license for the project.
Indonesia's Ministry of Energy and Mineral Resources (ESDM) issued its
#thermal
#coal
reference price, also known as Harga Batubara Acuan or HBA, at $215.01/t for Nov, a new record high since the benchmark price index was created.
Indonesia may struggle to meet part of additional
#coal
demand of India due to the adverse weather in addition to the time-required approval process for changes to miners' production plans and cost budget application, according to a CNBC Indonesia report.
Russia's largest
#coal
supplier, Siberian Coal Energy (SUEK), said the country will struggle to maintain current production and exports if there are no supports from the governments as conditions have changed since western countries imposed sanctions.
Indonesia plans to put
#coal
exports on hold from 48 miners who had failed to complete their Domestic Market Obligations (DMOs) without explaining reasons, CNBC Indonesia reported on Aug 9, citing a senior official.
Coking
#coal
prices started to gain upward momentum at major production areas of China, backed by improved buying appetite from coke firms amid tightening
#safety
inspections.
Mongolia's
#coal
exports totaled 34 Mt during the first seven months of 2023, surging 22.95 Mt or 207.66% year on year, according to the latest data from the Mongolian Customs General Administration (MCGA).
The daily number of Mongolian coal trucks passing through
#Ganqimaodu
in the mth to Nov 4 stood at around 222, down 56 from an average of 278 trucks recorded in Oct, Sxcoal data showed.
Coking
#coal
supply in China's major production areas continued to decline, as more mines reported production interruptions from the rising Omicron infections.
Sxcoal's data showed raw coking coal output in the surveyed mines hit a new low in 9 weeks.
Indonesia is likely to expand
#coal
production in the second half of this year to cope with growing demand from Europe, which plans to abandon Russian coal as a sanction against Russia for the Ukraine conflict.
Mongolia's Sharyn Gol coal mine, 215 km north of capital Ulaanbaatar, made its first coal shipment to China on Aug 1 after it signed a
#thermal
#coal
export contract.
China's
#coking
#coal
prices notched new highs on Aug 17 after a strong increase and the momentum is expected to continue this week, as
#supply
pressure is likely to remain.
China's thermal coal imports in the first half of 2024 reached nearly 200 Mt, 9% higher than the previous year's record, marking a historical high for this period.
More:
#CoalImport
#LatestData
India has urged utilities to expand
#coal
#imports
as stockpiles at a number of
#power
plants have fallen to a dangerous position. Over half of the 135 coal-fired power plants had less than a week's worth of stockpiles.
Mongolia's
#coal
exports totaled 23.06 Mt during Jan-May 2023, surging 17.34 Mt or 302.93% YoY. In May, all of Mongolia's coal exports went to China, showed data from the Mongolian Customs General Administration (MCGA).
Indonesia exported 43.47 Mt of
#coal
in Jul, rising 17.93% YoY and climbing 7.39% MoM, hitting the highest since at least Jan 2017, according to Kpler's cargo-tracking data.
#Mongolia
exported a total of 27 million tonnes of
#coal
worth $2.1 billion in the first three quarters of this year, official data showed on October 10.
#coalexport
China's
#coking
#coal
prices extended rise on the first work day after the three-day Dragon Boat Festival holiday, with many auctions concluded higher along with improved demand from coke producers and traders.
Indonesian
#coal
miners are likely to be subject to new curbs on exports, a move that would aggravate the global supply crunch and boost prices already at high levels.
Russian President Vladimir Putin on Mar 2 approved a new project to build nearly 1,000-km-long railway dedicated to
#coal
shipment from the Sakha (Yakutia) Republic to China, according to Heihe Municipal Government official website.
China's
#thermalcoal
imports were close to the 30 Mt mark in Mar 2023, reaching a new high since Jan 2021 and the highest for the same month in history.
India's largest power company, National Thermal Power Corporation (NTPC), has recently announced a series of tenders to procure a total of 3 Mt of imported
#coal
to meet the fuel demand of its thermal power plants during the summer season.
This is also impressive! India's Aug coal import down for 2nd mth, but still far higher than past three yrs. You must also see the marked drops in S. Africa & Australia coal, n higher Russian coal arrivals.
#coal
#coalimport
#India
#Australia
#indonesia
China experienced a surge in coal imports from neighboring Mongolia last month, reaching an all-time high of 7.89 Mt, according to customs data.
#coal
#cokingcoal
#coalimport
Indonesian
#thermal
#coal
prices may see upward bias, should Chinese demand improve with the rebound of industrial activity while India is still in the search for low-CV coal against the global supply tightness.
#Coking
#coal
inventories further declined at key production areas in China, as environmental checks in Inner Mongolia restrained local production, adding to the existing supply strain when coking plants were striving to build stocks to rational levels.
On Oct 18, China's
#Ganqimaodu
border crossing cleared 402 trucks loaded with Mongolian
#coal
, up from 285 trucks in the preceding day and hitting the highest since Mar 15. Road delivery of coal at Ceke and Erenhot was suspended due to COVID-19 infections.
Imported Mongolian
#cokingcoal
prices started to rebound at China's Ganqimaodu border crossing this week, tracking an uptrend in major domestic production areas following a month-long downtrend in Jul.
The railway connecting Mongolia's largest
#coal
mine Tavan Tolgoi to Gashuunsukhait, the border hub with China, has completed 79.5% of earthworks at present, Mongolian state media reported.
The Russian government has announced it will introduce flexible export
#tariffs
on various commodities including
#coal
, starting from October 1, 2023 until the end of 2024.
China-Mongolia trade cooperation has become increasingly close, in which
#coal
account for the majority.
#Mongolia
will continue to expand coal
#exports
to China, and may even surpass Australia to become China's largest
#coking
#coal
supplier.
#Coal
transport from
#Mongolia
to China is expected to further increase in a couple of years as the two governments are accelerating
#railway
construction on the border.
Newcastle
#thermalcoal
prices gained ground following developments at the G7 summit that benefit for the industry.
On the trading session of May 22, Newcastle coal futures for Jun delivery on the ICE closed at $163.4/t, marking a notable 2.54% increase.
#Coal
inventories at Qinhuangdao port declined further last week on stronger outflows alongside the concentrated restocking from downstream users prior to the Spring Festival.
China's domestic
#thermalcoal
prices drifted higher on Sep 26 after a state-owned coal producer further raised purchasing prices for third-party coal, suggesting the supply tightness remained in place.
Shipments of
#Mongolian
#coking
#coal
to China have been challenged as a second wave of COVID-19 virus appeared in the landlocked country that has triggered strict measures on China's border administration.
China's coking
#coal
market sentiment gained certain support from the resumption of some previously-halted blast furnaces in northwestern China, as mills' profitability recovered with increased steel products prices.
The
#HBA
(Harga Batubara Acuan), or Indonesian
#Coal
Price Index, has been further revised down in Oct for the third month in a row, according to the Ministry of Energy and Mineral Resources (ESDM).
China's
#coking
#coal
imports from Mongolia are expected to further increase, as authorities at Ceke border crossing plan to reopen the key gateway tentatively from May 25 onwards.
Russia's largest
#coal
producer Suek declared force majeure on the operation at the Far East port Vanino on October 12, as a result of a fire a day earlier.
#Mongolia
Foreign Minister paid a business visit to Gashuunsukhait-Ganqimaodu border crossing in April 24-25, and considered further expanding
#coal
exports to China
The Indian government asked utilities to use at least 10% of imported
#coal
to blend with domestic fuel to ease the current coal shortage. The federal power ministry urged power companies that have signed import contracts to speed up the shipments.
Chinese metallurgical
#coke
producers are considering to further raise coke prices after the previous 120 yuan/t uptick was quickly accepted by steel mills, as the uptrend coking coal costs continued contracting coke profit.
Falling temperatures again sparked concerns of energy crisis in Europe and pushed global
#coal
prices higher. On Dec 9, Newcastle thermal coal futures for Jan delivery on the ICE closed at $382.1/t, up 0.86%.
#Mongolian
#coal
truck
#drivers
will be allowed to stay overnight at Chinese border crossing of Ganqimaodu starting August 12, if they fails to catch up with the night customs clearance deadline. The move came in part to boost exports.
Mongolia's
#coal
exports came in at 8.08 Mt during Jan-Jun of 2022, down 12.99% or 1.21 Mt year on year. The export value jumped 131.06% from the year prior to $2.35 billion, showed the customs data.
South Africa's logistics provider Transnet announced on Feb 10 that it has temporarily ceased freight rail services on its North East Corridor, which links to multiple nations in southern Africa, due to the damage on the line caused by heavy rains.
Indonesian
#thermalcoal
prices moved higher on Dec 15, driven by frequent tender invitations from Chinese utilities to seek cargoes arriving before the Lunar New Year.
India has reduced
#import
#tariffs
on
#coking
coal,
#coke
, and PCI coal from 2.5-5% to 0%, in a bid to reduce steelmaking costs and alleviate the high inflation level in the country, according to the Indian Ministry of Finance on May 21.
#Coal
inventories at China's major transshipment port of
#Qinhuangdao
started to decline last week, snapping the continued rise since late January, mainly as the outflows rebounded with higher daily coal burns at power plants.
China's
#cokingcoal
prices continued upbeat movement on September 12, as the proposal of coke price hike shored up market sentiment in both coke and coking coal markets.
#Coal
exports from Newcastle port, Australia, were 7.73 Mt in Jul, down 46.63% from 14.48 Mt a year earlier and 40.83% from 13.06 Mt in Jun, touching a new low since at least Jan 2019, the latest data showed.
China's Erenhot city in Inner Mongolia found new cases of COVID-19 infections on July 30, but the local government said they will take all efforts to ensure smooth trades through
#Erenhot
-Zamiin Uud broader crossing between China and Mongolia.