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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in any month since 2015 at least, as coal-powered electricity demand increased to offset weak hydropower output.
 
The imports were up 12.9% on July and 53% higher from the same month a year earlier, the data showed.
 
The August imports were higher than the previous record of 43.56 million metric tons reached in January 2020.
 
Demand for thermal coal used by the power sector was supported by low rainfall in the south of China, which saw output from hydropower facilities in provinces such as Sichuan and Yunnan slide.
 
Higher imports were also driven by a recent trend of lower domestic supply. China’s coal output slipped 6.3% in July on the month as authorities tightened safety and shut mines for inspections amid a string of deadly accidents.
 
Domestic coal prices increased through August as a result, with SteelHome assessing the benchmark price for thermal coal with energy content of 5,500 kilocalories at the port of Qinhuangdao at 835 yuan ($114) per metric ton on Aug. 28, up 8.4% on 2023’s low of 779 yuan per ton seen in June.
 
Coal imports during the first eight months stood at 306 million metric tons, up 82% from a year earlier, customs data showed.
Source: Reuters


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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...


Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...


Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


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