Weekly China coal market news summary (Nov 24, 2023)

Chinese thermal coal traders accelerate sales to avoid downside

Sentiment in China's domestic thermal coal market appeared to be weakening on November 23, with traders speeding up sales before prices returning recent gains.On November 23, prevailing offer prices f

 

China's top 3 provinces Oct coal output posts YoY growth yet down MoM

China's raw coal production in October registered the highest year-on-year growth since June, albeit declined from the previous month, according to the National Bureau of Statistics (NBS).The country

 

China's coking coal prices stay strong as inventories keep dwindling

China's coking coal prices remained buoyed at main production areas on November 23, as miners generally reported extremely low or no stocks amid coking plants' purchases, accident-caused production di

 

China Oct thermal coal imports rise almost 20% YoY; yet post consecutive MoM drop

China imported 26.49 million tonnes of thermal coal (including non-coking bituminous coal, sub-bituminous coal and lignite) in October, rising 19.01% year on year but down 12.28% month on month, custo

 

Shanxi Jan-Oct coal output up 5.1% on yr

Northern China's coal-rich Shanxi province produced 1.13 billion tonnes of coal during January-October, a 5.1% rise year on year, according to data from the provincial energy bureau.The energy bureau

 

NW China Xinjiang's outbound coal supply up 7.7% YoY

Northwest China's Xinjiang Uygur autonomous region has sped up coal deliveries to other provinces and regions ahead of the peak winter season, driving the accumulative outbound coal supplies to 51.71

 

China confident in coal supply for approaching winter peak season

China stands confident in securing a reliable coal supply for the approaching winter peak season amidst high production, sufficient stocks and proactive cooperation across the supply, transportation a

 

China braces for cold snap as coal stockpiles provide buffer

China's national weather agency on November 20 issued a yellow alert warning of an impending cold wave set to blast through parts of the country this week, potentially driving up energy demand for hea

 

Shanxi to conduct 3-mth safety checks in coal industry

Shanxi, China's top coal-producing province, has announced a comprehensive safety inspection from November 17, 2023 to February 29, 2024, in a bid to eliminate hidden risks in key industries, including

 

Inner Mongolia Jan-Oct raw coal output up 0.6% YoY, power output up 13.7%

Raw coal production in northern China's Inner Mongolia stood at 999 million tonnes during January-October, ranking second in the country, up 0.6% year on year, accounting for 26.1% of China's total, a

 

China's coastal coal freight rates fluctuate amid multiple factors

China's coastal coal freight rates slid earlier last week due to weaker coal prices and loose shipping demand, but rebounded again later in the week on the back of multiple factors.The China Coastal C

 

QHD port coal stocks retreat; N ports' further accumulate

Coal inventory at China's major transshipment port of Qinhuangdao slid last week, as frequent cold waves spurred coal consumption at power plants and drove them to take more fuel from the port.Qinhuan

 

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