Coal Resource Network

India's Union Power Minister Manohar Lal held bilateral talks with German Federal Environment Minister Carsten Schneider in New Delhi on Sep 2. The two sides reaffirmed commitments to deepen collaboration covering energy security, low-carbon development and carbon markets. Their discussions also touched upon electrification, supply-chain diversification and sustainable-development priorities, according to India's Ministry of Power.

Coke and coking coal futures led declines on China's Dalian Commodity Exchange at midday close on Sep 3, with the benchmark J2701 coke contract falling 3.84% and the JM2701 coking coal contract dropping 3.41%. Iron ore futures bucked the trend, with the I2701 contract edging up 0.14%.

India aims to raise electricity's share in its total energy mix from 22% to 45-50% by 2047, Central Electricity Authority Chairperson Ghanshyam Prasad said on Sep 2, in a bid to reach net-zero goals and support India's economic transformation.

The European Commission and the European Investment Bank (EIB) have approved the investment program for a €2.3 bln ($2.67 bln) Island Decarbonization Fund established specifically for Greece. It will finance electricity interconnections between the Greek islands and the mainland grid, as well as clean energy, energy storage and electric mobility projects on the islands.

China's central bank set the yuan midpoint rate at 6.7807 per dollar on Sep 3, 22 basis points stronger than the previous fix of 6.7829. The onshore yuan closed at 6.7219 at 16:30 in the prior session, with overnight trading ending at 6.7193.

Ma Zhaoxu, vice minister of China's foreign ministry, met with a delegation led by Ryan McInerney, chairman of the board of the US-China Business Council, on Sep 2, 2026, according to a statement on the ministry's website. The two sides exchanged views on China-US relations, economic and trade cooperation, and people-to-people exchanges.

Data from the national greenhouse gas voluntary emission reduction trading system showed that 63,565 tonnes of certified emission reductions changed hands on Sep 2, with a turnover of 6.13 million yuan ($0.90 million) and an average price of 96.39 yuan/t. As of Sep 2, 2026, cumulative trading volume in the national voluntary carbon market reached 21.82 million tonnes, with cumulative turnover of 1.75 billion yuan.

China's national carbon market saw its benchmark carbon emission allowance (CEA) price close at 95.45 yuan on Sep 2, down 1.62% from the previous trading day, according to data from the Shanghai Environment and Energy Exchange. The day's trading ranged between an opening and high of 96.20 yuan and a low of 92.70 yuan. Total CEA volume reached 1,545,456 tonnes, with a turnover of 137.69 million yuan ($20.30 million), comprising 338,768 tonnes traded via listed contracts worth 32.34 million yuan and 1,206,688 tonnes via bulk contracts worth 105.35 million yuan. No one-way bidding transactions were conducted during the session.

Guangxi approved operation plans for the ship locks at the Madao, Qishi and Qingnian hubs of the Pinglu Canal on Sep 1, marking a key step toward full navigation of the waterway, according to China Central Television. The approval establishes the regulatory framework for lawful and safe operation of the three hubs, which serve as critical control points for water level management and vessel passage along the canal.

China's central bank data shows 115.658 billion bank accounts were opened nationwide by the end of the second quarter of 2026, including 125 million corporate accounts and 15.532 billion personal accounts.In Q2, Chinese banks processed 2.168393 trillion non-cash payment transactions worth 1,698.4 trillion yuan, while bill transactions totaled 26.8223 million with a value of 22.22 trillion yuan, according to the People's Bank of China.

International oil prices rose on Sep 2, 2026. Light crude futures for October delivery on the New York Mercantile Exchange closed up 79 cents at $91.01/barrel, a gain of 0.88%, while Brent crude futures for November delivery on the London exchange settled up 98 cents at $95.63/barrel, up 1.04%.

Adani Power said that railway congestion has disrupted coal deliveries to its Godda power plant, forcing lower electricity supply to Bangladesh, local media reported on Sep 2. The company is working with Indian Railways to normalize operations.