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China's cement price index was recorded 138.10 points on Mar 3, up 0.36% WoW but down 18.87% YoY, with prices in slow upward trend in central-south, eastern, southwest and northwest regions while continuing to fall in north and northeast China due to slower production resumption, said industry portal.
Vietnam's coal imports (incl. foreign-invested enterprises) rose to 3.18 Mt in Feb, surging 58.21% YoY and 88.64% MoM, setting a new record since July last year, showed customs statistics.
Mongolia's sales of industrial products totaled 2.5 trillion tugrik in Jan, of which 2.4 trillion was from mining and mineral exports, namely 57.9% from coal and lignite, 37.1% from metal ores, 4.3% from crude oil extraction and 0.7% from other mining activities, showed the statistical data. Its industrial production index considering seasonal adjustment stood at 237.3 in the month, up 29.7 percentage points YoY.
Exports of other coal from Indonesia were 21.17 Mt in Jan, rising 141.15% YoY but falling 8.08% MoM, accounting for 57.64% of total coal exports; that of lignite rocketed 348.93% YoY yet fell 10.19% MoM to 10.57 Mt, a share of 28.76%.
Ordos in Inner Mongolia targets to produce 850 Mt of coal, increase installed new energy capacity to 16.16 GW with 12 GW being completed within this year, promote the construction of four coal-fired power projects, build 30,000 t of hydrogen production capacity and expand energy storage capacity to more than 1 GW this year, according to the city's economic and social development plan for 2023 released on Mar 7.
China National Mine Safety Administration has decided to launch comprehensive safety rectifications from Mar to Dec this year on all coal mines under normal production, construction and correction, metal and non-metal mines and mining tailings, focusing on major risks, dangers, disaster potentials and illegal activities.
Northwest China's Xinjiang has had 3 coal mines appraised as the national first-batch of demonstrating intelligent coal mines, comprising Ohobrak mine under Tianshan Mining, Wudong mine under China Energy's Xinjiang Energy Company and south opencast mine under Xinjiang Tianchi Energy, according to Xinjiang Daily.
Guanghui Energy, a big coal and logistics operator in China's Xinjiang, has owned three mining rights all located in Naomao Lake mining area in Xinjiang's Tuha coalfield, with Baishi Lake opencast coal mine already obtaining the formal mining license and capacity expansion approval, Malang coal mine and the mine in eastern survey area now registering mining rights license.
Inventory of five major steel products in China's 21 cities fell 1% or 140,000 t from ten days ago to 13.58 Mt on Feb 28, according to data from CISA. The volume was 17.3% or 2 Mt higher than the year-ago level.
Indonesian state-run Bukit Asam targets to produce 41 Mt of coal in 2023, rising 11% from 37.10 Mt in 2022, and set its sales target at 41.20 Mt in 2023, up from 31.60 Mt in 2022.
Australian coal producer New Hope said it expects to produce 7.93 Mt of coal in fiscal year 2022-23 (ending July 2023), down from 8.84 Mt in fiscal year 2021-22 and 10.1 Mt in fiscal year 2020-21. The company said coal production is expected to increase in fiscal 2023-24 as new mines come online and existing mines increase capacity.
The EIA predicted US electricity demand to fall from a record 4,048 TWh in 2022 to 3,999 TWh this year, due to slowing economic activity and milder temperatures, while the demand was expected to increase again to 4,065 TWh in 2024 amid economic rebound.
China's coal giant Shaanxi Coal announced its production increased 15.62% YoY to 13.77 Mt and sales of self-produced coal rose 17.68% YoY to 13.83 Mt in Feb. In Jan-Feb, total output gained 16.53% YoY to 26.86 Mt and sales of self-produced coal surged 18.80% YoY to 26.74 Mt.
The latest customs data revealed Mongolia coal export volume soared 498.80% YoY to 7.77 Mt and the export amount jumped 286.65% YoY to $1.26 billion in the first two months of 2023.
China's CPI rose by 1% YoY in Feb, down from 2.1% in Jan; PPI fell by 1.4% in Feb, down from a 0.8% fall in Jan, NBS data showed on Mar 9.
Thermal coal Production area Most miners saw balance in supply and sales, and kept prices steady. Yet a few miners raised prices by 10-30 yuan/t on the back of improved buying appetite from s
India to step up efforts to ensure sufficient power supply in summer India is expected to step up efforts to ensure power supply during peak months of April and May, in a bid to avoid power
China's thermal coal pithead market trends up again on bullish sentiment The thermal coal market at China's main production heartlands witnessed uptrend this week, after mine-mouth prices p
Inventory of five major steel products in China's 21 cities fell 1% or 140,000 tonnes from ten days ago to 13.58 million tonnes on February 28, according to data from China Iron and Steel Association
South African thermal coal exporter Thungela expected a 100% increase in its earnings last year, thanks to record-high coal prices in the global market after the Russia-Ukraine conflict.
India is expected to step up efforts to ensure power supply during peak months of April and May, in a bid to avoid power cuts amid surging demand. The country's power ministry said on Mar
Mongolia's coal exports totaled 7.83 million tonnes during January-February 2023, up 6.54 million tonnes or 504.01% year on year, showed data from the Mongolian Customs General Administration (MCGA).
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.
Indonesian state-run Bukit Asam targets to produce 41 million tonnes of coal in 2023, rising 11% year on year. The company produced 37.10 million tonnes of coal and sold 31.60 million ton
Check out latest updates on the Chinese futures market for thermal coal, coking coal, coke and others at close.
Kazakhstan is considering temporarily suspending coal exports by road for six months to secure domestic demand, according to Kazinform News Agency. The export of hard coal, briquett
Some coke makers in China's Hebei and Shandong proposed to raise coke prices by 100-110 yuan/t for the first round, backed by tightening supply and rising coking coal costs. Coking coal p
The Indian Steel Association (ISA) presented a roadmap on securing 161 million tonnes of coking coal supplies to senior officials including the steel minister, Indian media reported, citing industry s
Some vessels bound for China have arrived at a major coal port in Australia, a sign that China's informal ban on Australian coal imports is easing. Earlier this year, China allowed three
Northern China's Shanxi province decided to carry out a 100-day safety campaign on the mining industry to learn from the lesson of a serious coal mine collapse in neighboring region of Inner Mongolia
China has seen more than 2.5 billion tonnes of medium- and long-term power coal contracts signed so far for 2023, basically marking 100% coverage of power coal demand it aims to realize, China's state
China will continue tostrengthen the basic supporting role of coalin energy security, and keep boosting clean energies to meet carbon goals, said China's state planner on March 5.
Nippon Steel Corp, the world's fourth-largest steelmaker, may buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, since it sees a risk of com
China's coal-dedicated Daqin railway is expected to start 30-day regular spring maintenance from April 6 to May 5, according to market sources. During the maintenance period, operations o
Indonesian thermal coal prices saw a steep rise on February 23 as the coal mine accident in northern China's Inner Mongolia catalyzed the sentiment already boosted by growing demand from China and Ind
China's portside thermal coal prices soared on February 23, fueled by the mine accident in Inner Mongolia, although the actual demand didn't increase significantly. On February 23, many t
China is expected to see more Australian coking coal imports in the coming month as the direction of improving trade ties between the two countries becomes clearer. Chinese enterprises co
Newcastle thermal coal prices gained some ground as demand strengthened from Europe following the comeback of China and India. On February 22, the March contract on the ICE closed at $199
The coal mine accident just happened in northern China's Inner Mongolia may have a limited impact on local and national coal supply, according to feedbacks Sxcoal has received so far.
Offer prices for spot thermal coal further climbed at northern China ports, fueled by improved sentiment amid emerged demand since last week, although trading activity remained low. The l
Thermal coal prices at China's main production hubs extended strong gains on February 23, supported by growing bullish sentiment after one fatal mine accident happened in Inner Mongolia a day ago, bur
China's portside thermal coal market logged stout gains on February 22, fueling a rally that erased almost half of the losses since the end of the Chinese New Year holiday. On February 22
China's coking coal market continued to see price corrections at some mines depending on their regional supply-demand fundamentals, while the whole market tended to run steady. On Februar
China's coal consumption has seen its first increase in proportion to total energy consumption in 11 years, posing greater challenges to coal control. The country's total energy consumpti
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