- Friday May 14,2021
Under low operating rate of coal mines and active procurement of downstream users, China domestic coking coal price continued climbing up. Currently, the low-sulfur primary coking coal price at Linfen's Anze area, Shanxi, rose to 2,050 yuan/t on acceptance bill with VAT, jumping 550 yuan/t over the low point after the Spring Festival, according to Sxcoal.
With the fall of futures prices affecting market sentiment and procurement rhyme, coke offer prices at port ticked down to different degrees, but coke supply fundamentals maintain tight, according to Sxcoal.
India's thermal coal imports rose 27.6% from March to 16.2 million tonnes in April, showed data from CoalMint.
Coalmint shipping data showed that India imported 16.2 Mt of thermal coal in April, up 27.6% over 12.7Mt in March.
thermal coal prices continued to rise amid strong demand from Chinese
utilities. Currently, Indonesian 3,800 Kcal/kg NAR thermal coal was traded at
around $55/t FOB on a Supramax basis, while 4,700 Kcal/kg NAR coal was traded
As of 1130
GMT+8, China's coking coal futures declined 5.91%, rebar down 6.01, coke down
6.49% and thermal coal down 7.98%.
China's power consumption in April reached
636.1 TWh, up 13.2% from a year earlier, data from the National Energy
Administration showed; from January to April, the country's power consumption rose
19.1% on the year to 2,558.1 TWh.
In a video conference on May 13, the NDRC urged local governments to
promote the work of cutting carbon emissions in the power, steel, non-ferrous,
building materials and chemical sectors, while quitting projects with high energy
consumption and high pollution that are not in line with relevant environmental
standards and regulations.
In response to the suspension of
China-Australia Strategic Economic Dialogue, China's commerce ministry spokesman
Gao Feng said China urges Australia to treat China-Australia cooperation
objectively and rationally, treat Chinese companies fairly and justly, stop
wrongdoings that interfere with economic and trade cooperation between the two
countries, and take actions to promote the heathy development of China-Australia
China's Anyang Iron and Steel Group has
singed a letter of intent with the country's top private steelmaker Jiangsu
Shagang Group to conduct a mixed-ownership reform, in a bid to further
consolidate the ferrous sector in the world's top steel producer.
South Africa's coal output declined 5.8% in
March, mainly due to fallen demand from its largest buyer of India that is
suffering from the severe outbreak of COVID-19. Its mineral production rose
21.3%, boosted by iron ore, copper and platinum metals.
Stockpiles of five major steel products in 20 Chinese cities declined 3% from ten days ago to 12.49 million tonnes on May 10, the fifth straight session of decline, according to China Iron and Steel Association.
Indonesia decided to stop building new coal-fired power plants after 2023 to meet its carbon-neutral target, but also noted over 100 plants to be built by then will still be put into operation.
- Thursday May 13,2021
In a State Council meeting on
May 12, Premier Li Keqiang asked relevant government departments to effectively
respond to the rapid rise in commodity prices and its collateral impacts. He
stressed to use monetary and other policies to ensure stability of the economic
Chinese coking coal futures closed the
morning session on May 13 by falling 3.84%, rebar down 2.39%, coke down 2.87%
and thermal coal down 3.65%.