Coal Resource Network

Tangshan Port's revenue reached 2.987 billion yuan in the first half of 2026, up 15.18% year on year, while net profit attributable to shareholders rose 13.97% to 1.008 billion yuan, according to its interim report. In the second quarter alone, net profit hit 538 million yuan, jumping 14.2% quarter on quarter, driven by coal and steel throughput growth of 53% and 24% respectively from the prior quarter.

As of midday close on Aug 28, coke futures for January delivery (J2701) rose 2.53%, coking coal futures (JM2701) gained 2.83%, and iron ore futures (I2701) edged up 0.77%.

China Baoli Technologies Holdings said its Mongolian iron ore project has entered construction after equipment procurement and customs clearance, with the first iron ore concentrate expected shortly. Its Mongolian coal project has completed camp infrastructure and begun hiring but still needs additional capital before full production. The Hong Kong-listed company is discussing offtake and long-term sales partnerships, with some distributors starting due diligence, and is evaluating African iron ore opportunities to diversify its resource base.

Spain has proposed new rules requiring data centers to source at least 80% of electricity from renewables, local media reported. The requirement would remain in place until renewables account for more than 90% of Spain's electricity mix, after which the threshold could be revised. The framework would apply to facilities of at least 1 MW and introduce grid access, water efficiency and EU data sovereignty requirements, the govt said.

China's state planner and transport ministry have issued a plan to improve the national logistics network, focusing on strengthening multimodal transport and collection-distribution systems. The plan calls for upgrading major freight hubs, accelerating rail-water intermodal facilities at coastal ports, and building standardized container yards and dedicated flat cars for multimodal transport. It also promotes coordination with waterway networks, encourages direct river-sea shipping on specific routes, and supports construction of railway branch lines, highway links, inland waterway connections and belt-conveyor corridors, with upgrades for existing rail spurs and congested port access roads.

China's total social logistics value reached 214.5 trillion yuan in the first seven months of 2025, up 5% year on year, data from the China Federation of Logistics and Purchasing showed on Aug 28. Industrial product logistics grew 5.3% year on year during January-July, with traditional mining-related demand remaining weak while manufacturing served as the core growth engine. Manufacturing-related logistics demand rose 5.5% year on year in July, 1 percentage point higher than the overall industrial product logistics growth, with equipment manufacturing logistics demand up 12.3% and high-tech manufacturing-related logistics demand climbing 16.9%.

China's state planner said on Tuesday it has held a series of special meetings to accelerate effective investment, including speeding up the disbursement of funds from new policy-based financial instruments and increasing support for private investment projects.Under the "six networks" initiative, the National Development and Reform Commission (NDRC) said it is studying a diversified investment and financing model, refining fiscal, financial, investment and pricing support policies by category to accelerate the start of major projects.

China's National Energy Administration and Jordan's Ministry of Energy and Mineral Resources signed a memorandum of understanding on energy cooperation on Aug 24, during talks between Chinese President Xi Jinping and Jordan's King Abdullah II in Beijing.The agreement, signed by Wang Hongzhi, head of China's National Energy Administration, and Jordanian Energy Minister Saleh Al-Kharabsheh, covers exchanges and collaboration in energy planning, electricity, renewables and hydrogen, according to the Chinese energy regulator.

China's central bank conducted 20 billion yuan of 7-day reverse repos at a fixed interest rate of 1.40% on Aug 28, 2026, fully meeting the demand of primary dealers, with bids and winning bids both at 20 billion yuan. The People's Bank of China also conducted 333 billion yuan of overnight reverse repos on the same day. A total of 95 billion yuan of 7-day reverse repos matured on the day.

Thailand's thermal coal imports stood at 1.20 Mt in Jul 2026, falling 21.16% MoM and 50.67% YoY, according to the latest customs data. Bituminous coal imports amounted to 445,477 tonnes in Jul, sliding 63.67% MoM yet up 3.23% YoY.

China Iron and Steel Association Vice Chairman Luo Tiejun met with Michiel Hovers, president of sales and marketing at BHP Group, on Aug 25, with the two sides exchanging views on China's steel industry development trends, BHP's iron ore and other product operations, and ways to strengthen cooperation across the industrial chain, according to the association.

Shanghai International Energy Exchange data showed crude oil futures' main contract for October 2026 delivery closed at 576.50 yuan/barrel on Aug 27, up 12.00 yuan, or 2.13%. Total trading volume across all contracts reached 208,498 lots, with open interest rising 1,766 lots to 78,001 lots. The main contract saw volume of 166,524 lots, with open interest down 88 lots to 41,699 lots.

China's national voluntary greenhouse gas emission reduction trading system saw certified emission reduction (CCER) volumes reach 100,827 tonnes on Aug 27, with a transaction value of 9.74 million yuan ($1.44 million) and an average price of 96.60 yuan/t, according to system data. Cumulative trading volume in the national voluntary emission reduction market totaled 21.45 million tonnes as of Aug 27, 2026, with cumulative transaction value reaching 1.71 billion yuan.

Shanghai Environment and Energy Exchange data showed that on Aug 27, the national carbon market's comprehensive price opened at 98.30 yuan/t, hit a high of 98.80 yuan/t, a low of 98.30 yuan/t, and closed at 98.52 yuan/t, unchanged from the previous day. Listed contract trading volume reached 135,733 tonnes with a turnover of 13.37 million yuan ($1.97 million), while bulk contract trading volume stood at 1.51 million tonnes with a turnover of 144.26 million yuan, with no one-way bidding conducted. Total allowance volume traded in the national carbon emission trading market reached 1,645,733 tonnes, with total turnover of 157.63 million yuan.

U.S. estimated coal production totaled 10.6 Mst (9.61 Mt) in the wk ending Aug 22, the 34th week of 2026, according to data released by the U.S. Energy Information Administration (EIA) on Aug 27. Output rose 2.8% WoW but fell 3.44% YoY.

The Baltic Dry Index (BDI) rose 1.67% to 3,107 points on Aug 27, its highest level since Jun 3, 2026, marking a sixth consecutive session of gains including flat growth. The Panamax index (BPI) climbed 2.05% to 2,292 points, the Capesize index (BCI) advanced 2.09% to 5,138 points, and the Supramax index (BSI) edged up 0.06% to 1,645 points.

China's economic development new momentum index reached 153.0 in 2025, up 12.5% year on year, according to data from the National Bureau of Statistics' Institute of Statistical Science. The index, measured on a fixed-base method with 2022 as the base year of 100, showed gains across all sub-indices, with industrial transformation and innovation-driven growth contributing the most to the overall increase.

International oil prices rose on Aug 27, with West Texas Intermediate (WTI) crude for October delivery climbing $1.30 to settle at $83.53/barrel, up 1.58%, while Brent crude for October delivery gained $1.86 to close at $89.70/barrel, up 2.12%.

China's commerce ministry on Aug 27 voiced firm opposition to a US Section 301 investigation targeting 16 economies including China, saying Washington's move politicizes trade issues and represents typical unilateralism and protectionism.Ministry spokesperson Huang Ling said at a regular press briefing that China will closely monitor and fully assess subsequent US actions, while reserving the right to take all necessary measures in response to the proposed additional 7.5% tariff on Chinese imports.