Coal Resource Network

China's central bank conducted 5 billion yuan of 7-day reverse repos at a fixed interest rate of 1.40% on Aug 31, 2026, fully meeting primary dealers' demand, with bids and winning bids both at 5 billion yuan. The People's Bank of China also conducted 447 billion yuan of overnight reverse repos on the same day. With 340 billion yuan of 7-day reverse repos and 333 billion yuan of overnight reverse repos maturing, the operations resulted in a net withdrawal of 221 billion yuan.

China set the yuan central parity rate at 6.7828 per dollar on Aug 31, down 17 basis points from the previous session's 6.7811. The onshore yuan closed at 6.7204 at 16:30 in the prior trading day, with the overnight session ending at 6.7307.

China's manufacturing purchasing managers' index (PMI) rose 0.6 percentage points month on month to 49.8% in August 2026, while the non-manufacturing business activity index held flat at 49.0%, according to data from the National Bureau of Statistics. The composite PMI output index edged up 0.2 percentage points to 49.5%, indicating a modest improvement in overall business conditions across Chinese enterprises.

China's commercial coal consumption increased 1.3% year on year in the first half of 2026, according to China Shenhua Energy Co., Ltd. Consumption by the power generation sector grew 2.0% YoY, accounting for roughly 57.8% of total demand, while the chemical industry posted a 9.9% YoY gain. Coal consumption in the steel and building materials sectors declined over the same period.

China's national voluntary greenhouse gas emission reduction trading system saw 231,005 tonnes of certified emission reductions (CCER) change hands on Aug 28, with turnover of 21.92 million yuan ($3.23 million) at an average price of 94.90 yuan/t, according to exchange data. Cumulative volume since the market's launch reached 21.69 million tonnes by Aug 28, with total turnover of 1.73 billion yuan.

China's national carbon market held steady on Aug 28, with the comprehensive price closing at 98.50 yuan/t, unchanged from the previous day, according to data from the Shanghai Environment and Energy Exchange. The market opened at 92.00 yuan/t, with a high of 99.00 yuan/t and a low of 92.00 yuan/t. Listed contract trading volume reached 585,993 tonnes, with a turnover of 57.72 million yuan ($8.51 million), while bulk contract trading volume hit 2.574 million tonnes, generating 238.33 million yuan in turnover. Total allowance volume traded across the national carbon market reached 3.16 million tonnes, with total turnover of 296.05 million yuan.

Shanghai International Energy Exchange data showed crude oil futures' main contract for October 2026 delivery closed at 596.50 yuan/barrel on Aug 28, up 22.80 yuan, or 3.97%. Total trading volume across all contracts reached 195,135 lots, with open interest rising 4,457 lots to 82,458 lots. The main contract saw volume of 153,166 lots, with open interest up 1,781 lots to 43,480 lots.

Venezuelan acting President Delcy Rodriguez said on Aug 28 that the country had reached a large-scale oil cooperation agreement with the United States. Rodriguez said in a government statement published on social media that the deal would allow private companies to participate, significantly boosting oil output. The agreement covers the development of 17 strategic oil fields with investment exceeding $100 billion and is expected to generate over $209 billion in tax revenue for the Venezuelan government. US President Donald Trump announced on social media on Aug 28 that Washington had reached a deal with Venezuela, securing "majority control" over more than 65 billion barrels of the country's proven oil reserves.

EU natural gas storage stood at just 63% in the final week of August, well below the roughly 80% average for the same period in recent years, according to British sources on Aug 29. Analysts said that based on current trends, EU gas reserves could fall to their lowest level heading into the winter heating season since 2013.

India is processing Nepal's request for early electricity imports following flash floods that cut Nepal's generation capacity by around 550 MW, local media reported on August 30. Industry executives said the impact on India's grid is minimal and manageable.