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Monday, 09 August 21
CHINA COAL INVENTORY THINS AMID PEAK POWER DEMAND- STATE MEDIA : REUTERS
China’s coal inventories have dropped to near historic lows since August due to peak summer electricity demand and transportation bottlenecks exacerbated by last month’s severe floods and typhoon, state media reported.
 
To cope with tight coal supplies the government has rallied top miners, such as China National Coal Group and Jinneng Holding Group to ramp up supplies and also pledged to release more fuel from the state reserve.
 
Coal stocks held by miners have fallen 26% year-on-year and inventories at key ports dropped 21%, state television reported, without giving specific stock levels.
 
Inventories at major power plants have each dropped 21% and 26.7% from a year ago, it added.
 
As a result, spot thermal coal prices at northern ports hovered near record highs of more than 1,050 yuan ($162.44) per tonne.
 
Citing an official with China Coal Industry Association, the report said Chinese coal consumption had in the first half of 2021 expanded by one-tenth over a year earlier to 2.1 billion tonnes.
Source: Reuters


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Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...


Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions   “Energy crisis.” The phrase evokes nearly-forgotten ...


Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.    According ...


Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...


Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.   Mos ...


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