FlashNewsAnalysis

  • Thursday August 05,2021
  • 15:09:17
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    The U.S.-based miner Warrior Met Coal churned out 1.2 million short tons (1.08 million tonnes) of coking coal in the second quarter of 2021, down 43.53% year on year; while the sales totaled 1.82 million short tons, rising 23.78% year on year, according to the company's quarterly report.

  • 14:20:34
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    Spot thermal coal market presented a sign of weakening at northern China ports lately, with traders not stubbornly sticking to high offers any more for fear of possible risks caused by recent production increase measures. Downstream buyers were also pressing down prices, leading to a slight downside movement of coal prices, Sxcoal learned.

  • 14:15:24
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    China's import thermal coal market remained resilient with foreign miners sticking to high offers, but end buyers showed higher resistance sentiment of high prices amid wait-and-see sentiment. Transactions were limited in the market. Indonesian 3,800 Kcal/kg NAR coal were offered at $71-72/t FOB on Supramax basis.

  • 14:12:49
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    Data from the CNCA showed 4,284 major coal firms reaped operating revenue of 1.22 trillion yuan in the first half year, growing 30.9% YoY, while operating costs were 801.2 billion yuan, up 20% YoY. Total profit (after subsidy) came in at 206.9 billion yuan, jumping 113.8%.

  • 14:11:55
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    China's major coal production areas are facing mounting pressure of suspension and production decline after a suspected COVID-19 case was found in Yulin of Shaanxi, stimulating buyers to scramble for thermal coal ahead of any stringent traffic controls or lockdown measures to contain the pandemic.

  • 14:09:22
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    Japan's nine major power producers consumed 11.94 million tonnes of coal over April-June, rising 6.4% YoY, with consumption by JERA jumping 37.5% YoY to 4.36 million tonnes. Yet coal burns of Tohoku Electric Power Company declined 12.1% to 2 million tonnes due to halts of two coal-fired power units.

  • 09:33:15
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    15 coal mines in suspension after completing trial runs were approved for another year of trial run in Inner Mongolia, Shanxi, Shaanxi, Ningxia and Xinjiang, according to a notice jointly issued by the NDRC and the NEA. These coal mines, with a total capacity of 43.5 million tonnes per annum, have resumed to normal operations, which are expected to add output of 150,000 tonnes per day.

  • 09:16:18
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    Indian mining company Singareni Collieries Company Limited (SCCL) produced 4.87 Mt of coal in Jul, rising 102.34% from 2.85 Mt in the year-ago month, data showed.

  • 09:14:42
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    Coal-rich Colombia exported 5.38 million tonnes of coal in June, rising for the third straight month with growth of 11.97% but falling 20.35% year on year, showed data from Colombia National Department Administrative of Statistics.

  • Wednesday August 04,2021
  • 17:37:12
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    On August 3, 221 trucks laden with Mongolian coal passed through China's Ganqimaodu border crossing, hitting the highest since March this year.

  • 17:30:15
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    Coal shipments via Russian Railways network increased 9.9% year on year to 216 Mt over Jan-Jul. Coal accounted for the largest share of 29% of the company's total loading volume during the first seven months.

  • 14:28:53
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    China's top steelmaking city Tangshan will impose a new round of environmental protection measures from late Aug 3 to Aug 10 to combat forecast air polution. A group of sintering machines at some mills were asked to halt produciton during the period. Coking plants were asked to lenghthened coking time to 36-40 hours. Heavy-haul trucks were restrained to work during 2:00 pm -9:00 pm.

  • 14:13:37
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    China's Ganqimaodu checkpoint saw 156 Mongolian coal trucks pass through on Aug 2, while Ceke border crossing remained closed since a Mongolian driver was tested positive for COVID19 virus. The trucking costs from Wubulangkou in Inner Mongolia to Tangshan, Hebei surged 55 yuan/t from early-July to 220 yuan/t, exclusive of VAT.

  • 14:10:37
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    Mongolia's Gashuunsukhait checkpoint, which links Ganqimaodu, and the country's Tsagaan Khad, a major coal storage place, returned to infection-free "green zone" with no new cases detected in the last 28 days.

  • 13:48:34
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    Coke inventories at surveyed steel mills declined for the second week to 1.12 Mt on Aug 2. The volume was 0.1 Mt lower week on week but inched up 0.01 Mt from early-Jul.

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Last Week   2021-07-30  Fenwei CCI Methodology.pdf Download

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