Coal Resource Network

Hunan province rolled out measures on Sept 18 to promote multi-user direct green power connections, allowing new wind, centralized solar and biomass power as direct supply sources, according to a notice from the provincial development and reform commission. New wind and centralized solar projects must be included in the provincial annual development plan, while biomass projects must be incorporated into renewable energy development plans. Existing distributed solar can participate through centralized aggregation, and power sources from different supply areas are permitted to launch such projects.

The People's Bank of China (PBOC) conducted 463.3 billion yuan of 7-day reverse repos at a fixed rate of 1.40% on September 18, 2026, fully meeting primary dealers' demand, with bids and allotments both at 463.3 billion yuan. The central bank also carried out 100 billion yuan of 14-day reverse repos through a fixed-quantity, rate-based auction with multiple price allotments. With 4 billion yuan of 7-day reverse repos and 600 billion yuan of overnight reverse repos maturing the same day, the PBOC recorded a net drain of 40.7 billion yuan.

China's yuan central parity rate against the U.S. dollar was set at 6.7521 on September 18, 2026, up 59 basis points from the previous trading day's 6.7580. The onshore yuan closed at 6.7085 at 16:30 and settled at 6.7060 in overnight trading.

Cooling domestic demand is prompting Russian steelmakers to resume exporting rolled products to markets in the Middle East and North Africa, while risks to shipping in the Black Sea are causing them to redirect volumes to the Baltic Sea, Kommersant reported. In Jul and Aug, rolled product exports from Russia fell by half compared to the spring, a gap that will be difficult to recoup by year-end.

The top five sources in Jul were Indonesia, Russia, Australia, S Africa, and the U.S., accounting for a combined 89.60% of India's total coal imports, according to data from the Indian Ministry of Commerce and Industry. India imported the most coal from Indonesia at 11.64 Mt, up 49.48% YoY and 90.08% MoM.

Shanghai crude futures' front-month contract for November 2026 delivery closed at 785.20 yuan/barrel on September 17, down 53.20 yuan, or 6.35%, according to data from the Shanghai International Energy Exchange. Total trading volume across all contracts was 406,166 lots, with open interest falling 2,877 lots to 81,709 lots. The front-month contract recorded a volume of 310,890 lots, while its open interest rose 2,831 lots to 44,343 lots.

Data from the National Greenhouse Gas Voluntary Emission Reduction Trading System shows that on September 17, the trading volume of certified voluntary emission reductions was 22,000 tonnes, with a turnover of 2.09 million yuan ($0.31 million), and an average trading price of 95.18 yuan/tonne. As of September 17, 2026, the cumulative trading volume of the national greenhouse gas voluntary emission reduction trading market was 22.80 million tonnes, with a cumulative turnover of 1.84 billion yuan.

Shanghai Environment and Energy Exchange data shows that on September 17, the national carbon market composite price performance was as follows: opening price 96.00 yuan/ton, highest price 96.00 yuan/ton, lowest price 95.75 yuan/ton, closing price 95.89 yuan/ton, with the closing price unchanged from the previous day. Today's listed agreement trading volume was 164,564 tons, with a turnover of 15.78 million yuan ($2.33 million); block agreement trading volume was 1,442,568 tons, with a turnover of 134.78 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 1,607,132 tons, with a total turnover of 150.56 million yuan.

The National Bank of Ukraine (NBU) lifted its base rate to 16%. The regulator said the move responds to persistent fundamental price pressures, spillover effects from supply shocks and mounting medium-term inflation risks.

CHN Energy Ningxia Power Co., Ltd. and Wuhai Energy held talks on September 16 on coal supply for the 2026 winter peak season and their 2027 coal supply-demand plan, the companies said, as part of efforts to coordinate coal-power supply stability. Jia Jianbo, deputy party secretary and general manager of the Ningxia power unit, and Yang Zhanqi, party committee member and vice general manager, led the delegation to Wuhai Energy.

The Zhengzhou Commodity Exchange said in a notice that, effective from the settlement on September 21, 2026, the price limit for the PTA 2610 contract will be 9%, while the trading margin for the PTA 2611 contract will be 9% with a price limit of 8%. The price limit for the methanol 2610 contract will be 9%, and the trading margin for the methanol 2611 contract will be 9% with a price limit of 8%. For the paraxylene (PX) 2610 contract, the price limit will be 9%, while the trading margin for the PX 2611 contract will be 9% with a price limit of 8%.

The U.S. Energy Information Administration (EIA) said on Sep 17 that estimated coal production in the wk ending Sept 12, was 9.82 Mst (8.90 Mt), down 1.19% WoW and 9.73% YoY.

The Ministry of Coal in India launched the 16th commercial coal mine auction on Sep 17, offering 25 blocks across Odisha, Maharashtra, Jharkhand and Chhattisgarh. The round includes 21 fully explored and four partially explored mines.