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China will reinstate tariffs on coal imports from Jan 1, 2024, according to an announcement issued on Dec 28. Coal imports from Australia and ASEAN countries will continue to enjoy a zero tariff, while imports from other countries like Mongolia, Russia, U.S., Canada and S Africa will be levied by 6% for thermal coal and 3% for anthracite, coking coal and lignite.
Indian power plants held 34.12 Mt of coal stocks as of Dec 27, 12.18 days' worth of coal burn. Plants based on domestic coal held 31.27 Mt, 12.16 days of usage, while plants designed on imported coal had 2.65 Mt, 15.08 days of use, according to the latest data by the Central Electricity Authority of India.
Japan exported 2.6 Mt of iron and steel products in Nov this year, falling 4.0% MoM and 7.0% YoY, according to the customs statistics from the Japan Iron and Steel Federation. Over Jan-Nov, the country's iron and steel product supplies totaled 30.1 Mt, up 1.7% YoY.
Eastern China's Shandong province pledged to add 15 GW of renewable energy power generation capacity in 2024, according to a provincial energy meeting held on Dec 27.
Colombia has given its approval to regulations that incentivize local communities and indigenous groups to engage in renewable energy production, allowing them to sell the produced energy to the national grid. Earlier in Dec, the govt opened bids for its first offshore wind farms. More than 70% of the country's power is produced by large hydroelectric dams.
India produced 664.37 Mt of coal as of Dec 25 in FY 2023-24, up 12.29% YoY, its coal ministry said. As of Dec 25, coal stocks including those at mines, power plants and in transit stood at 91.05 Mt, marking a 21.57% y-o-y rise.
China's Ganqimaodu let in 1,111 trucks of Mongolian coal (mostly coking coal), hitting a 12-day high,Sxcoal's tracking data showed. The daily coal inflows so far in the month averaged 1,026 trucks, slightly lower than 1,059 trucks registered in Nov, when China's coal imports from Mongolia reached an all-time high based on customs data.
Shanxi consumed a total 25.0 TWh of electricity in Nov, up 13.3% YoY, accelerating by 4.3 pps from Oct growth, showed data from the provincial statistical bureau. Total power consumption rose 5.9% YoY to 260.18 TWh during first eleven months of 2023.
India has emerged as a net importer of finished steel during the first 8 months of FY23-24, with a 48.2% y-o-y spike in shipments from China.
Russian Railways has entered into agreements to deliver about 100 Mt of coal from key production areas to its Far East region for exports in 2024. Specifically, 54.1 Mt will be sent from its top coal hub of Kuzbass, 26.3 Mt from Yakutia, 8.5 Mt from Buryatia, 6.5 Mt from Khakassia, 3.3 Mt from Irkutsk, and 0.65 Mt from Tyva.
India imported a total 25.61 Mt of coal in Nov, rising 37.34% YoY and 0.12% MoM, according to data released by Iman resources. In the month, non-coking coal imports stood at 18.19 Mt, while coking coal intakes reached 4.51 Mt.
China's coal mining and washing industry earned a total profit of 711.81 bln yuan (around $99.56 bln) in the first eleven months this year, falling 25.9% YoY, according to data from the NBS. The total revenue of the coal mining and washing industry stood at 3,167.19 bln yuan, down 12.9% YoY, while costs were registered at 2,020.29 bln yuan, down 6.2%.
The U.S. produced 44.41 Mt of coal in Nov, edging up 0.4% YoY yet down 0.25% MoM. Coal output totaled 535 million short tons during Jan-Nov, down 2.52% YoY, the EIA said in its Monthly Energy Review on Dec 21.
Anhui prov has successfully completed its task of signing medium- and long-term coal contracts for the year 2024. Demand-side enterprises signed power coal contracts for 95.61 Mt, achieving 101% of their assigned national task. Power coal suppliers within the prov. signed 50.12 Mt of contracts, surpassing their task by 2%.
The first phase of the grid-connected power generation was completed for the largest open-pit mine earthworks photovoltaic project in China on Dec 25, known as the National Energy Investment Renewable Energy Replacement Project 300 MW Photovoltaic project, as reported by state media CCTV. Situated in the Baiyinhua earthworks area of Xilingol League and spanning around 8,331.3 acres, the project can supply 4.5 TWh of green electricity annually once fully operational, equivalent to saving 135-Kt standard coal and reducing carbon dioxide emissions by 372 Kt, thereby further optimizing the layout of the energy industry structure.
India's steel production reached new highs in the first eight months of the current fiscal year, according to data from the Ministry of Steel.The country's finished steel output came in at 89.71 milli
China's PCI coal prices declined last week, hurt by steel mills' subdued demand with increased maintenance of blast furnaces.On December 28, the Fenwei CCI index for Changzhi PCI coal (A 11.5%, V 12,
China coking coal, met coke and steel market key figures in focus.
China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
China's domestic thermal coal prices surprisingly stabilized on the last trading day of 2023, snapping a six-day losing streak, as demand picked up ahead of the New Year holiday, which lasts for three
China's coking coal inventories held by miners at main production regions registered substantial increases during the past week, primarily owing to soured sales resulting from coke producers' on-deman
The first batch of units, from one of China's first large-scale wind power photovoltaic base projects – the Datang Tuoketuo outward project with an installed capacity of 2 MW, has successfully connect
China will reinstate tariffs on coal imports from January 1, 2024, potentially impacting coking coal imports more significantly relative to thermal coal.Coal imports from Australia and ASEAN countries
Newcastle thermal coal futures fell below $140/t amid weakening demand in major Asian and European markets.The January contract on the ICE closed at $138.1/t on December 28, down 1.36% from the previo
Eastward global coal trade surges, demand in advanced economies fallsThe global coal trade is undergoing a significant transformation from traditionally concentrating in the Pacific and Atlantic basin
Hengyuan Coal Industry and Electricity Power Co., Ltd., a Shanghai-listed coal producer in eastern China's Anhui province, expects domestic thermal coal prices to remain largely stable in 2024, it sai
CHN Energy Xinjiang Energy Co., Ltd, a subsidiary of state-run China Energy Investment Corporation, completed 13.03 million tonnes of coal outbound deliveries as of December 23, surging 7.21 million t
India's coking coal imports reached a five-year high of 38.14 million tonnes during April-November of the current fiscal year, which slightly surpassed the nearly 38.12 million tonnes recorded last ye
Indonesia's coal production is on track to reach an all-time high this year, not just surpassing the government's target, as strong global demand and good weather spurred mining operations.Coal produc
The Nova Scotia government lifted the work stoppage order of the Donkin coal mine located at Cape Breton of Nova Scotia in southeastern Canada, but when the coal mine will restart mining is still uncl
Coal imports through northern China's Erenhot port on the border with Mongolia have set a new record, local media reported, underscoring expanded energy cooperation between China and Mongolia.The bord
Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.
Japan exported 2.6 million tonnes of iron and steel products in November this year, falling 4.0% month on month and 7.0% on the year, according to the customs statistics from the Japan Iron and Steel
Vietnam's coal output reversed to decline in November compared to last month and a year earlier, but still exceeded 4 million tonnes. Its production is expected to decline significantly in December, a
The United States produced 48.95 million short tons (44.41 million tonnes) of coal in November of 2023, edging up 0.4% from 48.75 million short tons a year ago yet down 0.25% from the previous month's
Coal inventory surged at China's major transshipment port of Qinhuangdao last week, with the intra-week peak hitting the highest since late September 2018, as outflows slumped by the long suspension c
Hydropower generation in China registered year-on-year growth for the fourth consecutive month in November, but the rate further narrowed from November. The output figure posted a sharp decline from t
Chinese metallurgical coke producers showed slightly elevated production enthusiasm, mainly encouraged by improved profitability and eased environmental checks.Sxcoal's tracking data showed the utiliz
China's coking coal imports are forecast to further climb to 99-100 million tonnes in 2024, up 2-4% from 2023 level, said a senior analyst at a conference on December 20.The increase would mainly come
Thermal coalProduction area Thermal coal prices were generally stable, yet several miners slightly raised prices in response to improved coal dispatches. Supply contracted with some mines cutting prod
China's portside thermal coal market declined as the forecasted recovery of temperatures this weekend started to weigh on demand expectations.The market saw subdued trading activities on December 22,
China's coal imports in November reversed the previous downtrend to increase to the second-highest level of the year after August's 44.33 million tonnes, thanks to a seasonal decline in hydropower out
South Korea's coal imports reported a sequential decline for the third month in November, diving to the lowest since April this year.The country imported a total 8.91 million tonnes of coal in Novembe
China's coal industry has experienced significant fluctuations in recent years, not only in terms of prices but also in production capacity. The transition from the previous capacity elimination to th
Demand from China for seaborne import thermal coal has yet to heat up although temperature declines have driven up coal burns and depleted stocks at power plants.As of December 18, coal stockpiles at