- Wednesday January 19,2022
20 Chinese coal producers reported raw coal production over 30 Mt in 2021, with total production combined at 2.66 Bt, growing 3.1% YoY and accounting for 65.3% of China's total output, showed the preliminary statistics from the CNCA.
Coal stocks at Indian ports totaled 7.67 Mt as of Dec 31, down 14.6 from end-Nov and 55% YoY. Coal stocks at Indian power plants came in 23.37 Mt as of Dec 31, down 42.7% YoY but up 17.6% MoM, showed data from Iman Resources.
Total raw coal output of Inner Mongolia major coal mines was 1.04 Bt in 2021, up 2.7% YoY, expanding 0.7 percentage point from the previous 11 months, showed data from local statistic bureau.
As of 15:00 p.m. (GMT+8) Jan 19, Chinese coke futures opened the daytime session at 2,992.5 yuan/t and closed at 2,946.0 yuan/t, down 0.25%; coking coal opened at 2,299.0 yuan/t and closed at 2,257.0 yuan/t, up 0.53%. Thermal coal rose by 6.63% to 774.8 yuan/t at close, after opening at 760.0 yuan/t.
As of 11:30 a.m. (GMT+8) Jan 19, Chinese coking coal futures rose 1.60%, coke climbed 0.66%, thermal coal picked up 4.93% and iron ore rebounded 4.96%.
Thermal coal output of Australian miner BHP was 2.97 Mt during Oct-Dec of 2021, down 8% YoY and 30% QoQ, according to the quarterly report on Jan 19.
Met coal output of Australian miner BHP was 8.8 Mt over Oct-Dec 2021, down 7% YoY but flat QoQ, according its quarterly report.
- Tuesday January 18,2022
Mongolian coal production in Dec 2021 plunged 59.57% YoY but recovered 3.36% MoM to 2.47 Mt, showed data from the National Statistical Office of Mongolia
German coal imports are expected to further increase 7.5% YoY to 42 Mt in 2022 alongside economic recovery, said the VDKi.
Daily coal sales in Ordos city of Inner Mongolia dropped 22,500 t MoM to 1.97 Mt on Jan 16, which rose 387,900 t YoY. Its mixed coal sales rose 43,000 t MoM to 739,500 t, while slack and lump coal sales declined to 835,200 t and 245,500 t.
China's power consumption and maximum power load are forecast to maintain rapid growth in 2022, which, together with goals of economic growth, clean energy transformation and carbon peaking and neutrality, would pose higher requirements for power supply guarantee, said director of a department of the NDRC.
Average coal price in China's major coal base Inner Mongolia climbed up 11.5% MoM to 927.29 yuan/t in Dec 2021, impacted by pandemic control measures, declined temperatures, oil price changes and agriculture and construction activities, said Inner Mongolian Department of Commerce.
As of 15:00 p.m. (GMT+8) Jan 18, Chinese coke futures opened the daytime session at 2,914.5 yuan/t and closed at 2,992.5 yuan/t, up 0.13%; coking coal opened at 2,187.0 yuan/t and closed at 2,312.0 yuan/t, up 3.72%. Thermal coal rose by 6.66% to 749.4 yuan/t at close, after opening at 716.0 yuan/t.
As of 11:30 a.m. (GMT+8) Jan 18, Chinese coking coal futures rose 1.46%, coke dipped 0.33%, thermal coal rose 2.59% and iron ore dropped 0.49%.
Indonesia will release more 22 vessels after being approved with precondition of 100% DMO fulfillment, source said.