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India's largest state-run power generator NTPC plans no new coal imports in current fiscal 2021-22 (April 2021-March 2022), given ample domestic coal supply and government's drive to substitute seaborne coal with domestic supply.
Sxcoal said China's seaborne import thermal coal market kept strengthening. While a few power plants gave up part of tenders issued last week, the overall demand remained robust. There were also some tenders to issue tenders this week. Currently, offer prices of Indonesian 3,800 Kcal/kg NAR thermal coal were offered at $64-65/t FOB on a Supramax basis.
The first spot trade of renewable power was concluded on June 22 at the Guangdong Power Trading Center, with the volume at 2.45 GWh. The trade assumed significance that not only can power producers and sellers gain an extra "green" income on top of normal incomes, but also it marked the reform of green transition in the way of production and consumption.
Sxcoal learned Ganqimaodu has been in shutdown since June 16, resulting in limited Mongolian coking coal cargoes available at the port. Currently, Mongolian 5# raw coking coal was offered at 1,530-1,550 yuan/t, up 100 yuan/t from the start of this month.
According to the Ministry of Water Resources, since mid-June, rainfall has continued in eastern Inner Mongolia, central western Heilongjiang, western Jilin, and northern Liaoning. Recently, there have been moderate or heavy rains in eastern Southwest China, southern Jianghuai, northern Jiangnan, Hubei, and northwest Guangxi recently. Heavy rains also hit parts of southern Guizhou, eastern Hubei, southern Anhui, and northern Zhejiang. Affected by the rainfall, 21 rivers in Heilongjiang, Inner Mongolia, Jiangsu, Zhejiang, Chongqing, Sichuan experienced heavy floods.
Coal deliveries to Queensland's largest coal export Port of Gladstone remained suspended as the Blackwater Coal Rail System still closed after a locomotive collided the rear of Aurizon coal-transporting train on June 18.
Offer prices of thermal coal continued to move higher at northern transfer ports. As the 100th anniversary of founding of the Communist Party of China draws near, inspections kept frequent at production areas and the overall supply continued to decline. As it is still unclear where the market will head for, utilities cut purchases and deliveries. Currently, coal stocks stood at a middle level, but some low-stocking producers were forced to buy with high prices
On June 22, China's most-traded coke futures opened at 2,615 yuan/t and closed at 2,681 yuan/t, up 0.43% from a day earlier; coking coal closed at 1,968.5 yuan/t, up 0.38%; thermal coal closed at 850.6 yuan/t, up 0.33%.
Indonesia's energy ministry and state-owned power company PLN have reached an agreement with Indonesian coal miners to ensure adequate coal supplies for the rest of the year. PNL forecast power sales to rise 4.7% year on year in 2021,market source said.
Supply of coal for long-term contract came under greater pressure, with the continued spreading of price gap btw contract and spot offers. Thermal coal prices surged at production areas after safety checks tightened supply, and miners increased spot supply to pursue higher profit.
The most-traded iron ore for Sep delivery on the Dalian Commodity Exchange tumbled 8.79% to close at 1,121 yuan/t on Jun 21, the same day when the National Development and Reform Commission and the State Administration for Market Regulation emphasized to ensure supply, stabilize prices, crack down on price hyping, hoarding and spreading malicious rumour, during their visit to Beijing Iron Ore Trading Center.
China Coal Transportation and Distribution Association said actual fulfillment of mid- and long-term coal contracts in 2020 totaled 867 Mt, taking 95.2% of total. Actual fulfillment in Q1 of 2020 was 231 Mt, taking 98.4% of the corresponding target.
Prices of imported cargoes went up too. Prevailing offers of Russian K4 coking coal rose 30-50 yuan/t to about 1,530-1,600 yuan/t. Closure of Ganqimaodu border crossing made available cargoes limited, and offers of Mongolian 5# raw coal up ticked to 1,530-1,550 yuan/t.
Thermal coal imports took the largest share of China's total coal imports in May, at 44.5%, followed by lignite imports, at 35.7%, then by coking coal imports, at 16.2%.
The top-five suppliers of China's coal imports in May were Indonesia, Russia, the Philippines, Mongolia and Colombia, with total coal imports at 19.34 million tonnes, accounting for 91.9% of the country's total coal imports.
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Sharp rises of Chinese domestic metallurgical coal prices are likely to turn end users to seaborne imported cargoes again following the material's altering price edge. Primary coking coal
Sentiment further perked up at metallurgical coke market in China, after a steep rise in domestic coking coal prices on June 21. Fenwei CCI Index for low-sulfur primary coking coal prices
Southwestern China's Sichuan province is facing a lack of coal stockpiles this summer, which may result in power shortage if high temperatures affect large parts of the province for prolonged periods,
India's largest state-run power generator NTPC recently said it planned no new coal imports in current fiscal year ending March 2022, given ample domestic coal supply and the government's drive to sub
Thermal coal Production area Coal prices at production areas ticked up further amid tight supply and strong demand. Supply was suppressed by inadequate coal sales quotas and coal mines' p
Coal deliveries to Queensland's largest coal export port of Gladstone haven't fully recovered as the Blackwater coal rail system was still in suspension after a locomotive collided the rear of Aurizon
Offer prices of benchmark 5,500 Kcal/kg NAR thermal coal hit 1,060 yuan/t at northern ports on June 21, the second time to break 1,000 yuan/t threshold in five months after winter heating bolstered th
Japan was committed to provide $10 billion financial aid for decarburization projects in Asia, such as renewable energy, energy-saving and conversion to gas-fired power generation from coal-fired powe
Indonesian thermal coal market kicked off this week with further gains from last week, bolstered by rising prices in the Chinese domestic market, which has widened the arbitrage window and could promp
China's PCI coal prices gained ground last week from tightened supply amid intensified safety inspections at mining areas. Chinese authorities launched safety scrutiny mainly target
China has warned coal miners should not produce beyond their approved capacity in the name of the government's call to boost supply, following a series of mining accidents this month. Thi
Indonesia's coal mining association APBI recently called coal companies to step up the fulfillment of Domestic Market Obligation (DMO) to ensure sufficient domestic supply. APBI Executive
South Korea's May thermal coal (other bituminous coal and other coal) imports slumped to a new low since eight years ago, according to South Korean customs. South Korea's i
China will cease to provide subsidies for new solar power stations, distributed solar power projects by commercial users, and onshore wind power in 2021, the National Development and Reform Commission
Coal imports in Vietnam came in at 3.81 million tonnes in May, slumping 49.49% from the year-ago level of 7.54 million tonnes, and slightly lower compared with 3.94 million tonnes in April, showed pre
China produced 326.29 million tonnes of raw coal in May, up 0.6% year on year and 0.6% from May 2019, with the two-year average growth at 0.3%, showed data from National Bureau of Statistics on June 1
China's thermal power generation slowed in May alongside the arrival of seasonal wet weather in many southern regions, which boosted generation at hydropower stations. Data from the Natio
Russia's thermal coal exports amounted to 10.94 million tonnes in April, a year-on-year rise of 19.94% but slumping 33.93% from March, showed data from the Federal Customs Service of Russia.
India's coal production (including lignite) rose 5.8% or 3.1 million tonnes year on year to 56.35 million tonnes in May, 2.9% or 1.6 million tonnes higher than than in April, showed the preliminary da
South Korea's met. coal (including coking coal and PCI coal) imports in May fell to a new low in 2021, the latest customs data showed. The country imported 2.25 million tonnes of met coal
China's imports of Mongolian coal remain weak at present and are less likely to rebound in the short term as border checks could not ease as the spread of COVID-19 is still uncontained in the landlock
Offer prices of Indonesian thermal coal further climbed on market talk of temporary lifting of import restriction by Chinese authorities for some provinces in June to ease tightness of domestic supply
China's state economic planning body is mulling to set a cap on price of thermal coal to ease coastal utilities' cost pressures and help them with sufficient supply ahead of the summer peak demand per
China's coking coal supply is set to tighten in the remainder of June and early July, as recent coal mine accidents would lead to intensified safety checks and suspended production of some risky mines
Mongolia, a landlocked country neighboring China, seems losing its dominant supplier role for China's metallurgical coal market due to untamed COVID-19 pandemic since last year and particularly quick
Chinese domestic thermal coal prices edged down on June 10 as the market was waiting for fresh measures from the central government, which is mulling to place a limit on coal prices, although the mark
Mongolian's coal exports are likely to contract again, as record daily new COVID-19 infections in the country have triggered a new round of import control from China, the largest destination for Mongo
China's coal imports in May dropped to the lowest of the same month in years since at least 2017, mainly due to zero imports from Australia amid an ongoing ban since October last year.
Indonesian thermal coal jumped higher on June 17 after at least two Chinese state-owned utilities issued tenders for seaborne import coal. China's state-owned Huaneng Group issued a tende
Indonesian thermal coal prices kept moving upward at the start of this week, supported by an encouraging demand outlook from China, where domestic supply remained in shortage. July-loadin