Coal Resource Network

China's meteorological authority said at a press conference in Sep 2026 that temperatures across most of the country would be higher than the seasonal average, with parts of central-southern Xinjiang, western Inner Mongolia, most of Gansu, northern Qinghai, Ningxia, central-northern Shaanxi, Shanxi, western Hebei and northwestern Henan seeing temperatures 1-2 degrees Celsius above normal. One notable heatwave is expected to affect China during Sep 5-6, along with three cold air outbreaks during the month.

China's meteorological authority said at a press conference in Sep 2026 that precipitation in September is expected to be above normal in parts of the northeast, central and eastern east China, most of central and eastern south China, most of southwest China, eastern Xizang, parts of the southern northwest region and northern Xinjiang, while the rest of the country will see near- or below-normal rainfall. The bureau also forecast four notable rainfall events during the month.

China's average precipitation reached 338.4 mm during summer (June-August), up 2.0% from the long-term average, according to a press conference held by the China Meteorological Administration in Sep 2026. The rainy season in North China started earlier and ended later than usual, extending 20 days longer with cumulative rainfall more than 70% above normal.

China's average temperature during this summer (June-August) reached 22.1 degrees Celsius, 0.9 degrees Celsius above the historical norm for the period, marking the fourth highest on record, according to a press conference held by the China Meteorological Administration in Sep 2026.

India's coal-fired power output rose 11.3% YoY to 116.28 TWh in Aug 2026, easing from the nearly 13% growth recorded in Jul and around 14% in Jun, according to data from Grid-India. Renewable generation, however, jumped 42.1% YoY to 35.14 TWh.

Russia-based mining and steel producer Mechel reported a 23% YoY decline in its consolidated revenue of 117.35 bln rubles ($1.35 bln) in H1 2026 due to low coal prices, weak steel demand, high interest rates and sanctions-related restrictions. Net loss attributable to shareholders totaled 41.47 bln rubles, compared with 40.51 bln rubles a year ago.

The National Marine Forecast Station issued a blue wave alert on Sep 2, according to the Ministry of Natural Resources. Affected by Typhoon Shadel, the 18th of this year, waves of 3.5-5.8 meters are expected in the northern and central South China Sea from the morning of Sep 2 to the morning of Sep 3, with nearshore waters off Fujian and eastern Guangdong seeing waves of 2-3 meters, triggering a blue alert for coastal areas.

In H1 2026, Russian miner Mechel produced 3.985 Mt of coal, up 9% YoY, the company announced in its operating results. Pig iron production fell by 29% YoY to 1.034 Mt, while steel output fell 31% to 1.161 Mt.

China's central bank conducted zero 7-day reverse repurchase agreements on Sep 2, 2026, citing demand from primary dealers in open market operations, according to an announcement. With 239.5 billion yuan ($33.6 billion) of 7-day reverse repos and 359 billion yuan of overnight reverse repos maturing on the day, the operation resulted in a net liquidity withdrawal of 598.5 billion yuan.

China set the yuan central parity rate at 6.7829 per U.S. dollar on Sep 2, 2026, down 20 basis points from the previous session's 6.7809. The onshore yuan closed at 6.7218 at 16:30 in the previous trading day, with the overnight session ending at 6.7202.

China's steel exports exceeded 10 million tonnes for a third consecutive month in July 2026, easing from the prior month but rising year on year, according to a monthly import-export report from the China Iron and Steel Association. Long products showed resilient export demand, while flat products faced pressure with mixed performance, and billet exports remained elevated. Regionally, exports to ASEAN members diverged, shipments to the Gulf Cooperation Council continued to weaken, and exports to Turkey more than doubled month on month.

Shanghai International Energy Exchange data showed crude futures' main contract for October 2026 delivery closed at 637.80 yuan/barrel on Sep 1, up 19.50 yuan, or 3.15%. Total turnover across all contracts reached 164,758 lots, with open interest falling 1,704 lots to 82,601 lots. The main contract saw turnover of 129,290 lots, with open interest down 2,698 lots to 40,001 lots.

Data from the national greenhouse gas voluntary emission reduction trading system showed that 47,030 tonnes of certified emission reductions changed hands on Sep 1, with a turnover of 4.52 million yuan ($0.66 million) and an average price of 96.20 yuan/t. As of Sep 1, 2026, cumulative trading volume in China's voluntary carbon market reached 21.75 million tonnes, with cumulative turnover of 1.74 billion yuan.

China's national carbon market saw its benchmark carbon emission allowance (CEA) price close at 97.02 yuan/t on Sep 1, down 0.90% from the previous trading day, according to data from the Shanghai Environment and Energy Exchange. The market opened at 98.50 yuan/t, with the day's high at 98.50 yuan/t and low at 96.00 yuan/t. Total CEA volume reached 509,510 tonnes, with a turnover of 49.22 million yuan ($7.22 million). Listed contracts accounted for 209,510 tonnes (20.33 million yuan), while bulk contracts totaled 300,000 tonnes (28.89 million yuan). No one-way bidding transactions were conducted during the session.

The Baltic Dry Index (BDI) fell 0.91% from the previous session to 3,157 points on Sep 1, 2026, marking its steepest decline since Aug 19, 2026. The Panamax index (BPI) rose 1.94% to 2,360 points, while the Capesize index (BCI) dropped 2.16% to 5,221 points. The Supramax index (BSI) edged up 0.18% to 1,650 points.

China's listed companies totaled 5,558 by Aug 31, with strategic emerging industries and high-tech manufacturing accounting for 60% of the total, according to a semi-annual operating performance report released by the China Association for Public Companies. In 2026, 102 companies made new initial public offerings, with the ChiNext, STAR Market and Beijing Stock Exchange accounting for 82%, mainly concentrated in electronics and machinery equipment sectors. A total of 21 companies were delisted, with two-thirds from the Shanghai and Shenzhen main boards, including four forced delistings for major violations, 13 for financial reasons and one voluntary delisting.

International oil prices rose on September 1, 2026. Light crude futures for October delivery on the New York Mercantile Exchange settled $4.46 higher at $90.22/barrel, up 5.2%, while Brent crude futures for November delivery on London's ICE exchange settled $4.16 higher at $94.65/barrel, up 4.6%.

Eurozone inflation accelerated to 3.3% year on year in August 2026, up from 2.9% in July, according to preliminary data released by Eurostat on Sep 1. Energy prices in the euro area rose 14.3% YoY in August, widening sharply from a 10.3% increase in July and serving as the main driver behind the higher overall inflation rate.

The G20 presidency issued a statement on Sep 2, 2026, saying the global economy remains resilient despite multiple shocks, including ongoing wars and conflicts. The group backed the IMF's efforts to improve analytical tools for monitoring policies that drive global imbalances, with growth as a core priority and members working to remove obstacles including regulatory and administrative burdens.G20 finance chiefs urged countries to avoid unnecessary export restrictions to safeguard supply chain operations, while acknowledging that excessive and persistent imbalances pose risks of distortionary effects and negative spillovers. The group expressed concern over continued disruptions to energy trade and navigational safety in the Strait of Hormuz.