• Weekly China coal market news summary (Oct 30-Nov 3)

    sxcoal.com General,  Price 2023-11-03 16:21:33

    Bearishness clouds Chinese thermal coal market; more corrections likely

    China's pithead thermal coal market has become increasingly weak, primarily impacted by continuous price corrections at northern ports.On November 2, among 20 coal mines surveyed by Sxcoal in major pr

     

    China's utility tender prices for imported low-CV coal down below 550 yuan/t

    Bid prices for imported coal tenders issued by Chinese utilities have continued to move downward amid bearish sentiment, posing pressure on the spot market.A state-owned utility, which initially sough

     

    Shanxi adds 48 Mtpa of new coal production capacity in Jan-Sep

    Northern China's coal-rich Shanxi province has been consistently bolstering coal production to ensure stable energy supply in the world's largest consumer of the fossil fuel.According to data from the

     

    China's top 3 provinces' Sep raw coal output up 2.85%; Shanxi posts notable growth

    China's raw coal production rose further to 392.98 million tonnes in September, notching the second-highest level in the year and only lower than March, showed data from the National Bureau of Statist

     

    China's Ganqimaodu coal imports surge 131.5% YoY

    Ganqimaodu border crossing, China's largest inland road port for coal imports from Mongolia, imported a total 28.91 million tonnes of coal as of October 30 this year, surging 131.53% from 12.49 millio

     

    China's Sep thermal power generation hits multi-yr high for same mth

    Thermal power generation continued to leverage its underpinning role in China's electricity mix in September, with the figure hitting a new high for the same month since at least 2014.Output of therma

     

    China opens a new seaborne route for "North-to-South" coal shipment

    China's transportation ministry opened a new channel for delivering coal from the north to south— the Jiangsu-Hebei Route on November 1, as marked by the opening ceremony for the event in Huanghua por

     

    North China coal ports destocking may weigh further down spot prices

    Coal stockpiles have built up rapidly at northern China ports following the end of maintenance to Daqin railway and port authorities eased restrictions on truck transportation.The elevated stocks, whi

     

    NEA urges to ensure winter peak energy supply amid regional shortfall concerns

    China's power supply is expected to be generally guaranteed for the upcoming peak winter period, but certain regions may still face pressure with potential supply gaps, said Zhang Xing, spokesperson o

     

    (Writing by Rebecca Liu  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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