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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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Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Thursday, 10 February 22
INDONESIA: COAL EXPORT BAN - SKULD
Indonesia's coal export ban in the light of force majeure and off-hire clauses
In January 2022, Indonesia, the world's biggest exporte ...
Thursday, 10 February 22
EIA ANALYSIS CONSIDERS DIFFERENT OUTCOMES FOR COAL MARKETS IN INDIA AND SOUTHEAST ASIA
In our International Energy Outlook 2021 (IEO2021) Issues in Focus: Uncertainty in Coal Trade in India and Greater Southeast Asia, we analyze three ...
Wednesday, 09 February 22
OIL PRICES: "IT'S GOING TO BE VERY EASY" TO GET TO $100/BARREL, ANALYST SAYS - YAHOO FINANCE
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst.
“For ...
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