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Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when electricity demand surges as households turn on air conditioners to keep cool.
China produced 379.31 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to 12.64 million tonnes per day.
That compares with 11.87 million tonnes per day in May.
Coal output over the first six months of 2022 reached 2.19 billion tonnes, up 11 per cent from the same period last year, statistics bureau data showed.
Beijing has been urging miners to ramp up production and has accelerated approvals of new mining capacity to ensure enough supply and to avoid widespread power outages similar to ones that hit Chinese manufacturers last year.
The central government has targeted daily coal production of 12.6 million tonnes this year and asked miners to prioritise supply to power utilities at mandated prices.
June power generation rose 1.5 per cent from a year ago to 709 billion kilowatt-hours, statistics showed, the first growth in three months as COVID-19 lockdowns eased.
Several regions across China recorded all-time high power loads this week amid extremely high temperatures.
Daily coal consumption at major utilities in Chinese coastal regions climbed to around 2 million tonnes in the first week of July, little change from the volumes burned in the same period last year, data tracked by the China Coal Transportation and Distribution Association showed.
Source: Reuters
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Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
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- Economic Council, Georgia
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- Ministry of Transport, Egypt
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- Georgia Ports Authority, United States
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- GMR Energy Limited - India
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- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
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- Chamber of Mines of South Africa
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- Interocean Group of Companies - India
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- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
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- IEA Clean Coal Centre - UK
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