China's thermal coal prices deemed "sort of high" amid weak fundamentals

The uptick continued unabated in the China's domestic thermal coal market on May 8, with offer prices climbing another 10 yuan/t or so from the previous day, but actual trades remained sparse, casting

 

Challenges loom over China's coking coal market amid prudent buying practices

Despite stable supply-demand fundamentals, China's coking coal prices are encountering hurdles in their ascent, mainly due to market's skeptism about its sustainability.On May 8, the most-traded cokin

 

Narrowing price edge could dampen China's interest in Indonesian coal.

The ongoing uptrend of Indonesian thermal coal is eroding its competitive edge against Chinese domestic coal, potentially dampening the procurement passion of Chinese buyers.Following a month-long dow

 

China portside thermal coal price rises mainly driven by traders, not end-users

Rises in thermal coal prices at north China ports after the May Day holiday were supported mainly by traders' efforts to prop up prices, and downstream demand is yet to improve materially.On May 7, th

 

Steelmakers boycott 5th coke price hike in China

The fifth coke price rise in China has yet to receive responses from major steelmakers as falling steel demand concerned these end users, who may not accept the rally as fast as they did before.Coke p

 

China Apr coal imports hit 2nd-highest amid positive factors

China's coal imports reached the second-highest level in April and registered a double-digit year-on-year growth, contrary to industry insiders' expectations of a reduction.The country imported 45.25

 

Daqin Apr coal shipments down 15.82% MoM for maintenance

Daqin railway, a major channel shipping coal from production areas to transfer ports in northern China, shipped 30.32 million tonnes of coal in April, falling 0.95% on the year and 15.82% on the month

 

Capacity-based pricing boosts China's coal power cos, yet limitations remain

China's relevant authorities in November 2023 jointly issued a notice on establishing a capacity-based pricing mechanism for electricity generated by coal-fired power plants, specifying that a dual-pr

 

Shanxi offers 3rd coal prospecting right at $3 mln

China's coal-rich Shanxi province announced the auction of a prospecting right for a coal block, marking the third such auction so far this year, according to a notice issued by the provincial Departm

 

Chinese listed coal miners distribute high dividends under policy guidance

Chinese listed coal companies have upheld a strong position on distributing high dividends, bolstered by enhanced regulations designed to reward shareholders.On April 12, the State Council issued a do

 

S China sees significant rainfall, boosting hydropower output

Recent heavy rainfall has not only drenched the Pearl River basin, but also led to a significant increase in precipitation across the Yangtze River basin, according to the Changjiang Water Resources C

 

China Shenhua sees notable growth in Q1 coal sales

China Shenhua Energy Company Limited, a flagship subsidiary of China Energy Investment Corporation, announced substantial growth in coal sales in the first quarter of 2024, according to its latest qua