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Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early October as power consumption recovered and import quota depleted. The government subsequently urged miners in Inner Mongolia to ramp up production in preparation for the winter heating season, Fitch reported.

Inner Mongolia accounts for around one-third of China’s coal supply, but its production fell by 11% yoy in 9M20 amid stringent mining permits and safety checks, Fitch Rating said.
 
Chinese thermal coal imports dropped by 28% qoq and 38% yoy in 3Q20 as buyers ran out of import quota, according to China and India Data Snap shot of Fitch. China’s 10M20 coal imports were equivalent to 93%, 90%, and 84% of the full-year imports in 2017, 2018, and 2019, respectively.

The  volume-based  restriction has prompted Chinese importers to purchase higher-grade  coal, leading to Australian exporters’ share gain in Chinese imports earlier this year.

However, the rising diplomatic tensions between Beijing and Canberra have raised the risk of Chinese bans on Australian coal imports. Domestic production has been stable, up 1.3% yoy and down 0.1% qoq in 3Q20.


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Recent News

Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...


Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
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Wednesday, 23 June 21
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Thursday, 17 June 21
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