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Monday, 08 June 20
CHINA'S COAL IMPORTS FALL NEARLY 20% IN MAY EVEN AS DEMAND RISES - REUTERS
ReutersChina’s coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.
 
Analysts and industrial participants had expected China to tighten coal import rules in the second half of 2020 to support domestic miners, and imports starting in July may drop by as much as a quarter from the corresponding 2019 period.
 
Sunday’s data showed the country imported 22.06 million tonnes of coal last month, according to the General Administration of Customs released on Sunday. That compares with 30.95 million tonnes in April and 27.47 million tonnes in May 2019.
 
In the first five months of this year, China brought in 148.71 million tonnes of the fuel, up 16.8% from the same period last year.
 
Electricity consumption has been rising among both industrial and residential users as firms are ramping up production amid the economic recovery after the loosening of restrictions to curb the coronavirus outbreak, while households started to crank up their air conditioning because of warmer weather.
 
Curtailed hydropower generation, alongside falling water stocks at major reservoirs in the country, also shored up coal demand.
 
Average daily coal usage at China’s six major coal-fired utilities in coastal regions reached about 628,500 tonnes in May, which is 15% higher than in April and also 7.7% more than a year earlier, according to information from financial data provider Wind.
Source: Reuters (Reporting by Muyu Xu and Tom Daly; Additional Reporting by Yawen Chen; Editing by Christian Schmollinger and Gerry Doyle)


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Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...


Thursday, 21 January 21
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Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...


Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says. ...


Wednesday, 20 January 21
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While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...


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