- Tuesday February 07,2023
China's Mandula border crossing cleared customs of 609.6 t of coal imported from Mongolia's Tavan Tolgoi coal mine through the railway-road combined shipments on Feb 6, marking the first batch of shipment through Zuunbayan-Khangi line after it was completed on November 25 last year, state-media CCTV reported.
Over 20 Chinese provinces and regions in central and eastern part will see impact of the widest and strongest rains/snows since this year. Inner Mongolia and Xinjiang are expected to see snows, heavy snows in Tibet, heavy rains in some parts of Guangxi and Guangdong, according to the National Meteorological Center.
On Feb 6, China's Commerce Minister Wang Wentao met with his Australian counterpart Franelle via video conference. Wang pointed out the two countries' economic and trade relationship is facing an important window period, and both sides should work together to inject more positive factors into the cooperation. This meeting was an important step to jointly push the Chinese-Australian economic and trade relations back on track.
Coal output of Yulin, a leading mining hub of China's Shaanxi, reached 550 Mt and 582 Mt in 2021 and 2022, rising 6.2% and 5.4% from a year earlier, respectively, accounting for around 13% of China's total. Its crude oil and natural gas production accounted for 5.3% and 10.9% of China's total last yr.
The majority of Chinese cement producers forecast slumped net profit in 2022, and some even expected big losses of over 100 mln yuan. They generally cited the weakened demand and higher cost amid coal price rallies as main reasons, according to their separate performance forecast reports.
Shanxi authorities in a meeting in Taiyuan on Feb 5 further studied detailed work schemes to boost the signing of long- and medium power coal contract for 2023, by informing current signing situations in the province and hearing major problems, said the provincial energy bureau.
China's commerce minister Wang Wentao said talks held on February 6 with Australian counterpart Don Farrell were a key step toward bringing bilateral economic and trade ties back on track, with relations improving after being strained in recent years. Earlier China was reported to have relaxed Australian coal ban by allowing imports by several leading companies, and more positive signals are expected to be released.
Inventory of five major steel products in China's 21 cities surged 24.7% or 2.29 Mt from ten days ago to 11.58 Mt on Jan 31, according to data from CISA. The volume was 20.2% or 1.95 Mt higher than the year-ago level, data showed.
Russia produced 43.3 Mt of coal in Dec, rising 8.25% MoM and 11.91% YoY, realizing the fifth month of consecutive increase, according to data released by Rosstat. Among the total, 78% was from Siberian Federal District, at 33.59 Mt, up 11.83% MoM and 11.46% YoY.
- Monday February 06,2023
A large 10-Mtpa opencast coal mine gained approval for construction on Jan 29 in Wucaiwan mining area in Xinjiang. The mine was owned by Yankuang Qineng Coal Industry Co., Ltd and markd the first 10-Mt opencast mine in Zhundong during the 14th Five-Year period.
Mongolian coal exports jumped 101.7% to 31.68 Mt in 2022, with value up 135% to $6.49 billion. Its economy logged a 4.5% growth last yr, according to the National Statistics Office of Mongolia.
China's energy growth dipped to 2.9% in 2022, and reliance on foreign cargoes declined alongside the slowing consumption and increase of domestic production, showed the latest NBS data. Its raw coal output rose 9% YoY to 4.5 Bt, coal imports down 9.2% to 290 Mt; crude oil output rose 2.9%, imports dipped 0.9%; natural gas output up 6.4%, imports down 9.9%.
Japan's Idemitsu Kosan Co has agreed to sell its 85% stake in the Ensham coal mine in Australia to a Thungela Resources (TGAJ.J) subsidiary, Sungela Pty, for an upfront payment of A$340 million ($240 million), it said on Feb 3.
India's coal production stood at 89.96 Mt in Jan, compared with 79.65 million tonnes a year earlier, marking a 12.94% rise YoY, according to provisional data of the coal ministry.
Colombia's coal exports stood at 60.93 Mt in 2022, rising 2.18% from a year ago. Exports in Dec were 5.43 Mt, down 16.56% year on year and rising 9.36% month on month, according to data from Colombia National Department Administrative of Statistics.