Coal Resource Network

As of the midday close on Aug 27, coke futures for the main contract J2701 rose 0.61%, coking coal futures for the main contract JM2701 gained 1.52%, while iron ore futures for the main contract I2701 held flat.

China's power trading volume reached 740.4 TWh in July 2026, up 18.5% year on year, according to data from power exchanges nationwide. Intra-provincial trading accounted for 549.1 TWh, up 19.0% YoY, while inter-provincial and inter-regional trading totaled 191.3 TWh, up 17.2% YoY. By product type, medium- and long-term trading reached 678.6 TWh, spot trading hit 61.8 TWh, and green power trading stood at 27.7 TWh, up 2.7% YoY. Grid companies' agency power purchases totaled 87.2 TWh.

Conch Cement Co., Ltd. reported first-half 2026 revenue of 36.927 billion yuan, down 10.88% year on year, according to its interim report released on Aug 21. Net profit attributable to shareholders stood at 2.527 billion yuan, a decline of 42.76% YoY, while non-GAAP net profit fell 54.69% to 1.902 billion yuan.

China's industrial firms above designated size posted total profits of 4.58 trillion yuan in the first seven months of 2026, up 17.6% year on year, the National Bureau of Statistics said. The mining sector saw profits reach 666.05 billion yuan, up 34.9%, while manufacturing profits grew 18.8% to 3.44 trillion yuan. Profits in the electricity, heat, gas and water production and supply sector fell 5.8% to 478.42 billion yuan.

Kazakhstan is deploying an AI-driven digital platform to track coal shipments in real time as it prepares for the winter heating season, according to Energy Minister Yerlan Akkenzhenov. The nation has also allocated 384 bln tenge ($835 mln) for power plant and grid repairs, a 9% YoY increase. With 2.6 GW of new generation expected online this year and 845 MW next year, officials project the country will fully meet domestic electricity demand by early 2027.

Russia produced 32.75 million tonnes of coal in July 2026, up 3.8% year on year but down 6.3% month on month, according to data from the Russian Federal State Statistics Service. Cumulative output for January-July reached 245 million tonnes, down 1.2% year on year.

China's national voluntary greenhouse gas emission reduction trading system saw 65,887 tonnes of certified emission reductions change hands on Aug 26, with turnover of 6.39 million yuan ($0.94 million) at an average price of 96.94 yuan/t, according to exchange data. Cumulative trading volume reached 21.35 million tonnes with total turnover of 1.70 billion yuan as of Aug 26, 2026.

China's central bank conducted 103 billion yuan of 7-day reverse repos at an interest rate of 1.40% on Aug 27. It also conducted 503.5 billion yuan of overnight reverse repos on the same day.

China's national carbon market saw its benchmark price edge up 0.20% on Aug 26, with the closing price at 98.52 yuan/t, according to data from the Shanghai Environment and Energy Exchange. Total allowance volume traded reached 2,947,376 tonnes, with a turnover of 265.25 million yuan ($39.10 million). Listed contracts accounted for 427,376 tonnes worth 42.10 million yuan, while bulk contracts totaled 2,520,000 tonnes valued at 223.14 million yuan. No one-way bidding transactions were conducted during the session.

China's central bank set the yuan midpoint rate at 6.7840 against the U.S. dollar on Aug 27, down 11 basis points from the previous fix of 6.7829. The onshore yuan closed at 6.7205 at 16:30 in the previous trading session, with the overnight session ending at 6.7233.

China's data center electricity consumption is forecast to quadruple to 774 TWh by 2030 as AI workloads expend, according to a report released by Wood Mackenzie. The report said that data centers could account for 17% of China's total power consumption by 2060.

Japan's crude steel output totaled 6.95 million tonnes in July 2026, up 0.4% year on year and 2.3% month on month, according to data released by the Japan Iron and Steel Federation. Pig iron production reached 5.12 million tonnes, rising 1.2% YoY and 4.5% MoM.

U.S. coal production totaled 42.6068 million short tons (38.6522 million tonnes) in July 2026, down 5.66% year on year but up 4.65% month on month, according to the U.S. Energy Information Administration's (EIA) latest Monthly Energy Review released on Aug 26. During January-July, cumulative U.S. coal output reached 298 million short tons, down 2.39% from the same period last year.

The National Marine Environmental Forecasting Center issued a red wave alert at 8 a.m. on Aug 27, saying Typhoon Shadel, the 18th of the year, would bring waves of 7-10 meters to the East China Sea from the morning of Aug 27 to the morning of Aug 28, with an orange warning for offshore waters. Waves of 4-7 meters are expected along the coast of Zhejiang, triggering a red alert for that area.

The Baltic Dry Index (BDI) rose 4.44% on Aug 26 to 3,056 points, its highest level since Aug 10, 2026, and the biggest daily gain since Jul 8, 2026, marking a fifth consecutive session of gains including flat readings. The Panamax index (BPI) climbed 3.69% to 2,246 points, the Capesize index (BCI) advanced 6.29% to 5,033 points, and the Supramax index (BSI) edged up 0.06% to 1,644 points.

China's public offering fund industry managed total net assets of 39.11 trillion yuan as of end-July 2026, according to data released by the Asset Management Association of China.A total of 165 institutions were registered as public fund managers, including 150 fund management companies and 15 asset management firms with public offering qualifications.

International oil prices fell on Aug 26. Light crude futures for October delivery on the New York Mercantile Exchange dropped 13 cents to settle at $82.23/barrel, down 0.16%. Brent crude futures for October delivery on the London ICE exchange fell 74 cents to settle at $87.84/barrel, down 0.84%.