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Tuesday, 09 November 21
CHINA DAILY COAL OUTPUT HITS MULTI-YEAR PEAK, PRICES EXPECTED TO FALL - REUTERS
China’s daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner said in a statement on Monday, as Beijing tries to fill a supply shortage ahead of winter.
 
On Sunday, China’s State Grid Corp warned of a “tight balance” between power supply and winter demand, even after an energy crunch eased following measures to boost coal supplies and get large users to cut back on electricity.
 
Average daily coal output for Nov. 1-5 reached 11.66 million tonnes, up by 1.2 million tonnes from end-September, logging 11.93 million tonnes for one of the days during the period, the National Development and Reform Commission (NDRC) said.
 
Coal inventories have also gained. Stockpiles at power plants exceeded 117 million tonnes as of Saturday, said the NDRC, while portside inventories gained nearly 1.5 million tonnes from over a month ago to 5.39 million tonnes on Nov.7.
 
“With more coal capacity to be released and production to continue to increase coal prices are expected to continue to decline steadily,” the NDRC said.
 
The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange fell 3% to 920 yuan ($143.79) per tonne as of 0215 GMT.
 
China’s coal futures have plunged 52% since a historical high of 1,908 yuan per tonne on Oct. 19.
Source: Reuters


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Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...


Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...


Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...


Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars   Change in Canadian policy could have major implications ...


Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...


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