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Yankuang Energy Group earned 30.77 billion yuan ($4.47 billion) of net profit in 2022, surging 89.27% from last year, according to the company's annual performance report on March 24.
Its
China will continue to implement zero-import tariffs for coal imports until the end of this year, according to a government document issued late last week.
The State Council's Tariff Comm
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.
Crude steel production in Japan reached 6.91 million tonnes in February 2023, down 4.3% month on month and 5.3% year on year, according to data released by the Japan Iron and Steel Federation.
Coal inventories at China's major transshipment port of Qinhuangdao started to accumulate last week, amid rising inflows but falling offtakes.
Qinhuangdao's coal inventory came in at 5.85
China's PCI coal market extended the fall last week, as miners reduced prices to spur sales amid the sustained buying prudence.
On March 23, Fenwei CCI index for Changzhi PCI coal (A 11.5
China's portside thermal coal market closed this week with a typically thinly-traded session as demand was dampened by poor consumption during the seasonal lull period.
On March 24, offer
The top five Chinese provinces comprising Hebei, Jiangsu, Shandong, Liaoning and Shanxi all realized crude steel production higher than 10 million tonnes in January-February, 2023, according to the la
Steel products prices in China continued to move up in mid-March (March 11-20), according to the latest data from the National Bureau of Statistics (NBS).
The average price of constructio
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Russia plans to increase coal exports to Asia-Pacific countries in 2023, TASS quoted Russian Deputy Energy Minister Sergey Mochalnikov as saying.
Mochalnikov said Russia's coal exports sl
Infographic | China coal imports in Feb 2023
China's growing imports of Australian metallurgical coal are likely to dampen its demand for Russian shipments, although it won't threathen the status of Russia as the second-largest supplier.
China's portside thermal coal prices remained unchanged on March 22, as steady purchase price of the nation's top miner for third-party coal partly offset worries of further downside.
On
China has resumed coal imports from Australia this year, ending a vacuum period since October 2020. The resumption will make a difference in China's coal supply pattern, especially for steelmakers, bu
Check out latest updates on the Chinese futures market for thermal coal, coking coal, coke and others at close.
China's coking coal market came under pressure as more miners cut prices to spur sales after inventories accumulated.
Some 50-100 yuan/t price cuts were heard at mines in Shanxi, Sh
China's coking coal imports surged 54.3% or 4.61 million tonnes year on year to 13.11 million tonnes during the first two months this year, with about 83% coming from Mongolia and Russia.
China's thermal coal imports rebounded markedly during the first two months of 2023, after two straight years of fall during the same period, notching the second highest for the same period since at l
Newcastle thermal coal futures closed slightly higher on March 21 after falling for six consecutive sessions as turmoil in the global financial system has eased and boosted optimism in the economic ou
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