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  • Thursday September 30,2021
  • 17:30:16Others  
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    China's PMI index was 49.6 in Sep, below the 50-point threshold and 0.5 percentage point lower than Aug, showing contraction of China's manufacturing activity.

  • 17:25:30Coal  
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    Prices of import seaborne cargoes climbed further and Indonesian Supramax 3,800 Kcal/kg NAR thermal coal was offered at $115/t FOB and was traded at $110/t FOB. Buying appetite of China's buyers improved for the price edge import cargoes enjoyed over China's domestic comparable grades, despite the rising international freights.

  • 17:22:11Coal  
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    India's coal supply to its power plants was 243 Mt in Apr-Sep (ending on Sep 28), up 24% YoY and the all-time high level, data from CoalMint showed.

  • 17:20:25Coal  
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    Traders at portside market became slightly bearish after authorities' supply-boosting conferences, but a few traders still held back on sales amid the lingering supply tightness.

  • 17:14:40Others  
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    As of Sep 28, the coal-dedicated railway Daqin line has transported 307.93 Mt of coal to Bohai-rim ports, 13.64 Mt more than the same period of 2020. Transport volume of the rail line was 1.15 Mt in Aug and 1.13 Mt in Sep.

  • 16:15:56Coal  
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    Chemical and power plants were active in buying the fuel, boosting coal sales at rail stations. Most coal mines' priority to thermal coal supply for long-term contract clients led to sparse resources in spot market. Attentions should be given to daily consumption of end users after the holiday and policy regulation.

  • 16:10:41Coal  
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    Previous coke price cut by some steel mills was put in limbo amid stalemates of two sides. Some steel mills showed good restocking demand prior to the National Day holidays, especially some high-grade ones, and some low-stocked mills had low intention to cut coke prices. Coke makers showed resistance to price reduction, given declining supply, shrinking profits and high costs.

  • 16:05:31Coal  
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    Major miners' planned delivery volume of washed coking coal for the fourth quarter in Shanxi and Shandong contracted obviously, amid their pledge to ensure thermal coal supply. Offtakes at local coal mines were still weak on sluggish buying appetite.

  • 16:00:21Coal  
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    Ganqimaodu border crossing cleared customs of 267 Mongolian coal trucks on Sep 29. Downstream buyers were on the sidelines and trading activities were tepid. Some offers of Mongolian 5# raw coking coal slumped below 3,100 yuan/t, ex-stock Ganqimoadu with VAT.

  • 11:10:09Power  
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    Effective Oct 1, 2021, SE China's Guangdong will further expand the peak-valley power tariff spread for non-residential users. The tariff for critical peak period (Jul-Sep and other days of daily max temperature above 35 ℃) will be 25% higher than that for peak power demand period (10:00-12:00, 14:00-19:00). Meanwhile, Guangzhou and Shenzhen will not arrange light show during the National Day holiday, and reduce the light on time and scope.

  • 09:53:47Coal  
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    Forecasting an unoptimistic supply outlook in the peak winter, the China National Coal Association and China Coal Transport and Distribution Association jointly asked coal miners in a Sep 29 notice to full understand the importance and urgency of ensuring power coal supply by fully tapping into their potential of production increase, while adjusting sales strategy to non-key, non-term contract and energy-intensive end users timely and properly.

  • 08:41:58Coal  
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    Regarding how to secure stable coal supply, China's NDRC said on Sep 29 that it have taken multiple measures to strengthen supply: 1) boost production and supply under precondition of safely; 2) approve capacity expansion and commissioning of advanced capacity; 3) increase coal imports moderately; 4) improve inventory levels, esp. at power plants; 5) prioritize coal supply for power and heat generation; 6) regulate market order and crack down on price gouging and other unruly behaviors to stabilize expectations.  

  • Wednesday September 29,2021
  • 17:27:35Coal  
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    NE China secured 6.8 Mt of additional coal supply after supplement long-term contracts signed recently between miners and generators, basically covering coal demand for power and heat supply in the region during the winter season, People's Daily reported late Sep 28.

  • 17:24:36Coal  
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    China's effective lump anthracite supply was 5.09 Mt in Aug, up 7.1% MoM, lump anthracite consumption was 4.47 Mt, down 0.4% MoM, with supply-demand spread at 620,000 tonnes.

  • 17:17:53Coke  
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    Coke slightly piled up in coking plants, due to sluggish demand from downstream users and withdrawal of traders. Low-stocked steel maker still have restocking demand ahead of the holiday and coke market is expected to be stable temporarily. Attentions should be given to steel mills' purchase and coke stocks at coking plants.

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Editor's Pick

1 Indonesian thermal coal prices move higher amid strong Chinese demand 2021-09-30

Indonesian thermal coal prices gained further on September 30 propelled by stronger purchases from China ahead of the National Day holiday. November-loading Panamax cargoes of Indonesian

2 China Aug thermal coal market: coal prices climb fast amid lingering supply 2021-09-30

Persistent shortage and growing demand were combining to drive up Chinese thermal coal prices at a faster pace in September, against the background of the national power supply shortage that has incur

3 China's coking coal market awaits direction; Sep seaborne imports dip 2021-09-30

China's coking coal market lacked clear directions, as a few major miners started to shore up prices citing a huge supply pressure after they were assigned with thermal coal supply tasks for the fourt

4 Weekly global coal market news summary (Sep 26-Sep 30) 2021-09-30

Indonesian thermal coal prices maintain bull run as supply tension persists Low-CV Indonesian thermal coal prices soared to a new high as supply shortage was still biting, according to traders

5 Weekly China coal market news summary (Sep 26-Sep 30) 2021-09-30

China vows to secure sufficient power supply for households use during winter China's top economic planning agency pledged to provide sufficient energy supply for citizens during the winter h

6 China Sep coking coal market: price retreats on shrunk demand 2021-09-30

China's coking coal market was still buoyed in early September by the lingering tight supply and coking plants' active replenishment amid relatively low stockpiles. Major miners' price hikes also enco

7 China's manufacturing PMI drops into contraction zone; services bounce back 2021-09-30

Activity in China's manufacturing sector contracted in September to the lowest since the coronavirus outbreak in February 2020, due to the country's vigorous restrictions on energy-guzzling sectors to

8 China's coal industry groups call on miners to further boost supply 2021-09-30

China's two coal industry groups have jointly asked coal miners to full understand the importance and urgency of ensuring power coal supply by fully tapping into the potential of production increase.

9 China Sep coastal coal shipping market: tepid demand presses down freight 2021-09-30

China's coastal coal shipping market presented a downside trend amid a lack of firm support from downstream procurement in September, yet small fluctuations happened driven mainly by changes of shippi

10 China Coal Daily Track (Sep 30) 2021-09-30

Thermal coal Production area Thermal coal supply remained tight in Shanxi, Shaanxi and Inner Mongolia. Chemical and power plants were active in buying the fuel, boosting coal sales at rail stat

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1 China's top economic planner adjusts down coal storage standards 2021-09-22

The National Development and Reform Commission (NDRC) has lowered the number of days that coal stocks can cover at power plants during peak consumption period from the original 15 days to no more than

2 President Xi pledges not to build new coal-fired power plants abroad 2021-09-22

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3 China Aug thermal coal imports up 47.86% on yr, lignite up 116% 2021-09-22

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4 Bank of China pledges to end funding overseas coal mining and power plants from Oct 2021-09-26

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8 Indonesian thermal coal output could fall short of annual target, Adaro official 2021-09-24

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9 China's NE province urges to expand coal imports to ease power shortage 2021-09-28

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10 India's Jul coal imports down 15% on mth, official data 2021-09-23

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Most Read Analysis & Comments

1 China's provinces impose electricity cut amid energy control, supply shortage 2021-09-24

At least 16 provinces in China have published plans to cut industrial power consumption since late September in an effort to relieve the power supply shortage and reduce the energy consumption.

2 China urges coal miners and CHP plants to sign more long-term contracts 2021-09-13

China's National Development and Reform Commission, the country's top economic planner, has recently issued a notice urging coal miners and combined heat and power (CHP) producers to sign more long-te

3 China's coal supply faces double whammy before onset of winter heating 2021-09-17

China's domestic thermal coal supply is facing a double whammy ahead of the start of winter heating season, but the supply woes could be eased if the energy consumption cap policy is well implemented.

4 Indonesian thermal coal prices keep upward trend 2021-09-15

Indonesian thermal coal prices kept rising on September 15 in the Chinese seaborne market, as Chinese buyers were showing more interests for seaborne coal at a time when domestic coal prices were rath

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7 Why China's electricity usage growth shrinks in peak month of Aug? 2021-09-16

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8 Weak coking coal imports add to supply tightness in China 2021-09-13

Weak inflows of seaborne coking coal and imported supplies via inland ports in China has added to supply pressure, in a time when coking coal production was restrained by environmental and safety chec

9 China's coal-rich Inner Mongolia pledges to raise output to ensure winter demand 2021-09-14

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10 Qinhuangdao port coal stocks further drops on still strong outflows 2021-09-13

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