Coal Resource Network

U.S. crude steel production was estimated at 1.90 Mst (1.72 Mt) in the week ending Sep 12, 2026, up 7.0% YoY and 5.1% WoW, according to data from the American Iron and Steel Institute (AISI). The capacity utilization rate was measured at 82.3%, expanding 3.9 pps YoY and 4 pps WoW. The country's year-to-date crude steel output totaled 66.537 Mst, up 5.5% YoY, while the capacity utilization rate expanded by 1.9 pps to 79.1%.

The People's Bank of China (PBOC) said on September 15, 2026 it conducted zero 7-day reverse repo operations based on demand from primary dealers in open market operations, while carrying out 597 billion yuan of overnight reverse repos. A total of 1 billion yuan in 7-day reverse repos and 504 billion yuan in overnight reverse repos matured on the same day.

China's yuan central parity rate was set at 6.7670 against the U.S. dollar on September 15, 2026, 28 basis points stronger than the previous day's fix of 6.7698. The onshore yuan closed at 6.7071 at 16:30 and ended at 6.7085 in the night session.

China's industrial power generation above designated size fell 0.8% year on year to 943.8 TWh in August 2026, with average daily output at 30.44 TWh, according to the National Bureau of Statistics. Thermal power saw an widened decline, hydropower growth slowed, while nuclear, wind and solar power generation accelerated. In January-August 2026, industrial power generation above designated size reached 6,647.6 TWh, up 2.4% year on year.

China's above-scale industrial natural gas output reached 21.4 billion cubic meters in August 2026, up 0.8% year on year, reversing a 0.9% decline in July, according to the National Bureau of Statistics. Daily output averaged 690 million cubic meters. For January-August, output totaled 175.7 billion cubic meters, up 1.1% year on year.

China's crude oil output from industrial enterprises above designated size rose 0.8% year on year to 18.43 million tonnes in August 2026, matching July's growth rate, according to data from the National Bureau of Statistics. Daily output averaged 595,000 tonnes. For January-August, crude output reached 146.39 million tonnes, up 0.9% year on year. Refinery processing volume fell 6.9% year on year to 59.07 million tonnes in August, narrowing 8.9 percentage points from July's decline, with daily runs at 1.906 million tonnes. January-August refinery throughput totaled 456.12 million tonnes, down 6.6% year on year.

China's retail sales of consumer goods rose 1.1% year on year to 327.57 trillion yuan in the first eight months of 2026, according to the National Bureau of Statistics. Excluding automobiles, retail sales grew 2.7% to 301.76 trillion yuan. In August alone, retail sales edged up 0.4% year on year to 39.82 trillion yuan, with non-auto sales rising 2.5% to 36.55 trillion yuan.

China's real estate development investment fell 19.9% year on year to 4.80 trillion yuan in the first eight months of 2026, according to data from the National Bureau of Statistics. Residential investment dropped 19.7% year on year to 3.70 trillion yuan over the same period.

China's fixed-asset investment, excluding rural households, fell 7.2% year on year to 293.09 trillion yuan in the first eight months of 2026, according to data released by the National Bureau of Statistics. Investment in intellectual property products rose 9.2% year on year, while private fixed-asset investment dropped 10.1% year on year. On a monthly basis, fixed-asset investment declined 0.5% MoM in August 2026.

China's industrial output above designated size rose 5.2% year on year in August 2026, accelerating by 0.7 percentage points from the previous month, according to the National Bureau of Statistics. On a month-on-month basis, output grew 0.54% in August, while for the January-August period, industrial output was up 5.3% year on year.

Shanghai crude futures' front-month contract 2611 closed at 815.20 yuan/barrel on September 14, up 58.50 yuan, or 7.73%, according to data from the Shanghai International Energy Exchange. Total trading volume across all contracts reached 534,668 lots, with open interest rising 1,441 lots to 95,142 lots. The front-month contract saw a volume of 152,789 lots, with open interest up 6,460 lots to 38,634 lots.

China's coke output reached 334.10 million tonnes in January-August 2026, up 0.3% year on year, according to the latest data from the National Bureau of Statistics. Steel output fell 1.7% YoY to 950.75 million tonnes, while pig iron output dropped 3.1% YoY to 563.40 million tonnes and crude steel output declined 3.1% YoY to 651.85 million tonnes.

China's raw coal output was 361.82 Mt in Aug 2026, down 7.7% year on year but up 5.4% MoM, according to the latest data from the National Bureau of Statistics.

Indonesian coal miner PTBA revealed on Sep 14 that the company's coal transportation logistics activities in Sumatra were not disrupted by the long dry season because the company relies on rail transportation to transport coal from the mine to the port. Its H1 report showed that coal sales stood at 21.1 Mt, with domestic volume accounting for 51% or 10.77 Mt. Export sales were 10.33 Mt, with primary destinations including Vietnam, Bangladesh, Cambodia, India, and Thailand.

Data from the National Greenhouse Gas Voluntary Emission Reduction Trading System shows that on September 14, the trading volume of certified voluntary emission reductions was 56,021 tonnes, with a turnover of 5.33 million yuan ($0.79 million), and an average trading price of 95.07 yuan/t. As of September 14, 2026, the cumulative trading volume of the national greenhouse gas voluntary emission reduction trading market was 22.41 million tonnes, with a cumulative turnover of 1.80 billion yuan.

Shaanxi Energy Investment said on September 15 it has completed all industrial and commercial registration and articles of association filing procedures for its name change, officially changing its full Chinese name to Shaanxi Energy Investment Group Co., Ltd. from Shaanxi Energy Investment Co., Ltd., with the English name adjusted accordingly. The company's stock short name "Shaanxi Energy" and stock code remain unchanged.

Data from the Shanghai Environment and Energy Exchange shows that on September 14, the national carbon market composite price performance was as follows: opening price 94.20 yuan/t, highest price 96.20 yuan/t, lowest price 94.20 yuan/t, closing price 95.64 yuan/t, with the closing price up 0.84% from the previous day. Today's listed agreement trading volume was 303,415 tons, with a turnover of 29.02 million yuan ($4.29 million); block agreement trading volume was 640,000 tons, with a turnover of 59.03 million yuan; there was no one-way bidding today. The total volume of carbon emission allowances traded in the national carbon emissions trading market today was 943,415 tons, with a total turnover of 88.05 million yuan.

Shanxi province will implement a campaign to upgrade energy efficiency and cut carbon emissions in key industries including steel, nonferrous metals, coking, chemicals and building materials in 2026, and will build digital energy and carbon management centers, the provincial industry and information technology department said on Sept 14. The province will also improve a three-tier dynamic cultivation mechanism for green manufacturing, accelerate the development of green factories and green industrial parks, and build a number of zero-carbon factories. It will promote comprehensive resource utilization by expanding the product range and application scenarios for solid waste such as coal gangue, fly ash and red mud.

The Dalian Commodity Exchange will be closed for the National Day holiday from Oct 1 to Oct 7, with trading resuming on Oct 8, according to a notice. There will be no night session on Sep 30, and all contracts will hold their opening call auction from 08:55 to 09:00 on Oct 8, when night trading also resumes.

China's yuan-denominated loans rose by 10.44 trillion yuan in the first eight months of 2026, central bank data showed. Household loans fell by 1.03 trillion yuan, with short-term loans down 1.05 trillion yuan and medium- and long-term loans up 18.8 billion yuan. Corporate loans rose 11.26 trillion yuan, including a 4.18 trillion yuan increase in short-term loans, a 5.64 trillion yuan rise in medium- and long-term loans and a 1.29 trillion yuan gain in bill financing, while loans to non-bank financial institutions dropped 438 billion yuan.

China's outstanding yuan deposits stood at 347.67 trillion yuan at the end of August 2026, up 7.7% year on year, according to official data. Yuan deposits increased by 18.99 trillion yuan in the first eight months of 2026, with household deposits up 6.99 trillion yuan, non-financial enterprise deposits up 1.85 trillion yuan, fiscal deposits up 2.06 trillion yuan and deposits of non-banking financial institutions up 6.32 trillion yuan. Foreign currency deposits totaled $1.19 trillion at the end of August, up 17.3% year on year, rising $134.2 billion in the first eight months.

China's aggregate financing increased by 23.91 trillion yuan in the first eight months of 2026, up 2.64 trillion yuan from the same period a year earlier, according to preliminary central bank data. RMB loans to the real economy rose 10.23 trillion yuan, up 2.71 trillion yuan YoY, while foreign currency loans to the real economy increased by 210.3 billion yuan, up 291.9 billion yuan YoY. Corporate bond net financing reached 2.79 trillion yuan, up 1.23 trillion yuan YoY, and government bond net financing totaled 8.77 trillion yuan, down 1.5 trillion yuan YoY.