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Guoneng Huanghua port saw its accumulative coal unloading volume reach 82.95 Mt and coal loading 84.14 Mt during Jan-May, both hitting the highest among other ports in China, according to a local media.
Coal imports through India's 12 state-run ports imported a total of 17.48 Mt of coal in May, jumping 25.22% YoY and up 5.99% MoM, data from the India Ports Association showed.
China exported 36.67 Mt of steel products during Jan-May, surging 40.9% YoY, according to data released by GAC on Jun 7.
China's steel products imports were registered at 3.13 Mt during Jan-May 2023, a YoY slump of 37.1%, according to the data released by GAC on Jun 7.
According to customs data released on Jun 7, China's imports and exports in Jan-May reached 16.77t yuan, up 4.7% YoY. Exports stood at 9.62t yuan, up 8.1%, while imports reached 7.15t yuan, up 0.5%, resulting in a trade surplus of 2.47t yuan, up 38%. In USD terms, the total trade volume amounted to $2.44t, down 2.8%, with exports at $1.4t, up 0.3%, and imports at $1.04t, down 6.7%. The trade surplus expanded by 27.8% to $359.48b.
Trades between China and Russia jumped 40.7% YoY to $93.81b in Jan-May, Chinese customs data showed. China's exports to Russia were $42.95b, up 75.6%, while China's imports from Russia were $50.86b, up 20.4%.
China imported a total of 39.58 million tonnes of coal in May, rising 92.63% or 19.04 million tonnes on the year but retreating 2.68% or 1.09 million tonnes compared with the previous month, according to the General Administration of Customs (GAC).
China imported a total 182 Mt of coal from Jan to May, jumping 89.6% YoY, with average import price down 14.9% to 877 yuan/t, showed data from GAC.
Extreme heatwaves have swept across Vietnam, causing a power crisis in the country and impacting several industrial parks. The scorching weather has overloaded the power supply system, leading to power outages in industrial parks in northern provinces. Manufacturers such as Canon, Foxconn, and Samsung have factories in these regions. For these factories, power outages mean production stoppages.
The Baltic Dry Index rose by 77 points or 8.2% to 1,016 points on Jun 6, marking the largest single-day increase since March 14. The capesize index jumped 205 points or 17.4% to 1,383, its biggest rise in over three months.
According to data from the China Foreign Exchange Trade System, on June 6, the central parity rate of the Chinese yuan against the US dollar was set at 7.1075, depreciating by 171 basis points compared to the previous day, reaching a new low since Oct 10, 2022.
Russia's Mechel reported its raw coal output at 2.11Mt in Q1 2023, down 25% YoY and 16% QoQ. Sales of washed coking coal were at 553 Kt, down 35% YoY and 34% MoM.
On June 5, the price of Newcastle thermal coal futures for July delivery on the ICE experienced a significant rebound of 7.16%, reaching $143.75/t. This increase continued the positive trend that began late last week, resulting in a total rise of 9.9%. Several factors contributed to this upward movement, including the news that South and Southeastern countries such as Bangladesh and Vietnam were grappling with an energy crisis caused by extremely hot weather. Additionally, the recent stabilization of natural gas and oil prices also played a role in driving the increase in coal prices.
Daily crude steel output at key member firms of China Iron and Steel Association (CISA) stood at 2.1 million tonnes during May 21-31, down 6.68% compared with the previous ten days, the CISA data showed.
The Baltic Dry Index, which measures dry bulk shipping rates, rose on June 5, marking its first increase in 17 trading days. The index climbed by 20 points, or 2.2%, to reach 939 points.
Residents in China's top manufacturing city of Shenzhen were concerned over power supply shortage after seeing occasional night blackouts in some districts recently. Shenzhen Power Supply
Guoneng Huanghua port saw its accumulative coal unloading volume reach 82.95 million tonnes and coal loading 84.14 million tonnes during January-May, both hitting the highest among other ports in Chin
Steel Authority of India Ltd (SAIL) is giving consideration to sign long-term coking coal contracts with Australia and Russia and discussion to increase coking coal supply from other sources such as t
China coking coal, met coke and steel market key figures in focus.
China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.
China's domestic thermal coal market kept the upswing on June 7 although many insiders were skeptical about the sustainability as buyers shunned high-priced cargoes. During the ses
Thermal coal prices rebounded 5-20 yuan/t at China's main production areas following the pickup of spot prices at northern ports. It was learned that some traders in Shanxi
China's coking coal prices were largely unchanged on June 7, with a regional supply shrink outweighing the fact that demand did not experience a significant improvement despite the increase in steel p
Coal imports through India's 12 state-run ports hit a new high in May since April 2015, with year-on-year growth surpassing 25%, official data showed. The 12 ports imported a total of 17.
China exported 36.67 million tonnes of steel products during January-May, surging 40.9% compared with the preceding year, according to data released by the General Administration of Customs on June 7.
Steel prices in China plummeted to a three-year low last week, primarily due to the weakness in its property sector, according to a Reuters report. On May 25, the spot price of HRB400 20m
Mongolia has expressed interest in becoming a potential supplier of coking coal to India and has approached the country's Steel Ministry to explore possible partnerships, sources familiar with the mat
Ganqimaodu border port, the largest artery in China for importing coal from Mongolia, saw its coal intakes reach 12.09 million tonnes from the start of 2023 to May 25, according to the port's official
The Purchasing Managers' Index (PMI) in China's steel sector, an economic indicator for the industry, fell to 35.2 in May, marking the third straight month of decline after returning to expansion t
Mongolia has started construction of a 7.1-km railway linking Shivee Khuren and China's Ceke border port, which is likely to boost bilateral coal trades through the artery after it completes construct
Nippon Steel, a prominent Japanese steelmaker, remained engaged in negotiations with Teck Resources regarding its strong interest in acquiring a stake in Teck's esteemed high-grade coking coal asset,
China's factory activity weakened further in May as a lack of demand suppressed the release of manufacturing capacity. The official manufacturing purchasing managers' index (PMI) stood at
India's largest coal supplier Coal India Ltd (CIL) has raised prices of its non-coking coal of grade G2 to G10 by 8%, marking the first hike in five years, according to local media. The a
Bangladesh's power situation may continue to deteriorate for another two weeks as local power plants face a shortage of fuel due to increased electricity consumption driven by rising temperatures, acc
China Energy Investment Corporation has started operations at Asia's largest coal plant-wise carbon capture and utilization storage (CCUS) project. After days of running at full ca
China is likely to see a significant sequential decline in coking coal imports from Mongolia in May, with daily inflows through the largest inland border port hitting the lowest in eight month amidst
China's spot domestic thermal coal prices witnessed another steep decline on June 1, approaching the upper limit of the contract price range set by the government. Benchmark 5,500 Kcal/kg
Indonesian thermal coal prices experienced a substantial decline, pressured by sluggish demand from Chinese utilities, which are currently holding high stockpiles. On May 20, June-loading
Indonesian thermal coal prices drifted lower on May 25 under the pressure of competition from other origins that offered alternatives to China, its major buyer. On May 25, Chinese traders
Increased arrivals of competitively-priced Colombian thermal coal have given Chinese buyers the upper hand in negotiating lower prices for cargoes from Indonesia and Australia. In June, a
China's power grid operators are gearing up to meet potential surge in electricity demand during the upcoming summer season. Based on recent data, experts predicted a significant increase
Non-power industries, though taking relatively small shares in China's coal demand, usually have major impact in an upward market, given their preference for undersupplied high-CV coals. How the non-p
China's portside thermal coal prices continued their downward trajectory at the start of the week, impacted by lackluster demand, stiff competition from imported coal, and the ongoing oversupply. Trad
Coking coal restocking fervor started to ease in the leading production hub of Shanxi after concentrated purchases in the previous week, putting further uncertainty on the near-term market outlook.
China's online coking coal auctions continued to settle at high prices on May 23, despite a moderate retreat in restocking demand from coking plants and buying interests of traders. This
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