Weekly China coal market news summary (Dec 1, 2023)

China's portside thermal coal market inquires pick up

China's portside thermal coal prices showed signs of bottoming out on November 30, following days of drops earlier this week, thanks to increased inquiries.Offer prices remained broadly unchanged, but

 

China's coking coal prices firm on supply constraints

China's coking coal prices sustained strength in major production areas, as supply faces challenges to recover in the aftermath of frequent mine accidents and escalated safety inspections.The overall

 

China's frequent coal mine accidents weigh on supply, bolster sentiment

China has witnessed frequent coal mine accidents this year, and a series of severe accidents in November highlighted the gravity of safety situation despite tightening inspections.On November 16, 26 p

 

China likely to sustain coking coal import strength as domestic production staggers

China, the world's leading coking coal importer, is poised to maintain its strong import appetite, as domestic production faces challenges for either capacity or production expansion.The country has w

 

Eleven killed in NE China coal mine accident

Eleven miners were killed in an accident at a coal mine in northeast China's Heilongjiang province on November 28, state media CCTV reported.The accident occurred at 3 p.m. local time at a coal mine o

 

China's coal & power industry profit shows divergent trends

Power industry in China maintained its profitability stable around 50% during the first ten months of 2023, while the situation for coal industry was the other way around. The divergence has a direct

 

China approves over 12 Mtpa new coal mines in Gansu so far in 2023

China has approved totaling 12.40 million tonnes per annum of coal production capacity in eastern Gansu province,? state media CCTV reported.Following the approval of the 2.4-Mtpa Shaozhai coal mine a

 

China's coal imports to hit record high in 2023, CNCA

China is on track to import a record amount of coal this year as domestic demand for the fuel continues surging, according to the country's top coal industry group.The China National Coal Association

 

Conveyor belt fire disrupts coal operations at Jingtang port

A sudden fire in the conveyor belt system at Jingtang port in northern China on November 23 triggered a substantial power outrage at the Jingtang coal terminal, forcing an immediate cessation of coal

 

China's Oct thermal power generation retreats MoM on seasonal weakness

China's thermal power generation experienced a notable month-on-month decline for the second straight month in October due to the seasonal low-demand, but the output figure remained at the highest for

 

China's coastal coal freight rates up to 7-mth high late last wk

China's coastal coal freight rates saw a sharp increase last week to reach a new high since late April, partly due to colder weather and strong winds that increased demand and declined shipping capaci

 

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