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Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity.
China churned out 970.56 million tonnes of coal between January and March, up from 829.91 million tonnes in the same period in 2020, data from the National Bureau of Statistics (NBS) showed on Friday.
Production in March alone was 340.76 million tonnes, down 0.2% on year.
While coronavirus restrictions in the first quarter of this year were less stringent than last year’s, output has been curbed by increased safety inspections at coal mines in China following several fatal accidents at mines across the country.
Last year, coal mines were shut in January and February as the coronavirus outbreak forced the government to prolong the Lunar New Year holiday and impose travel restrictions across regions, knocking production during those months.
Coal consumption has meanwhile soared in the first quarter of 2021, driven by a rebounding economy and strong demand for winter heating amid extreme cold weather.
Daily coal use in China’s eight costal provinces jumped by 23.8% as of end-March from a year earlier, according to data from the China Coal Transportation and Distribution Association.
Power utilities and end users such as steel mills are calling for coal miners to ramp up output to meet increasing demand, traders said.
The statistic bureau on Friday also reported that production of coke, widely used in steelmaking, rose 8.6% on year in January-March to 118.97 million tonnes.
Source: Reuters
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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
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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