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Shenhua Group: Coal prices might keep at around CNY550/mt in 2017

5,500 kcal/kg steam coal prices are predicted to stay at around CNY550/mt FOB Qinhuangdao Port in 2017

12-26-2016 15:59:08

Shenhua Group and China Coal ink 2017 steam coal contract with three more big power plants

On the morning of November 11th, Shenhua Group and China National Coal Group Corp. signed 2017 medium and long term steam coal supply contract with China Huaneng Group, China Datang Corporation and China Guodian Corporation in Beijing。

11-15-2016 09:50:23

Shenhua Group has completely achieved capacity cut plan for 2016

Year to date, Shenghua Group has shut down five coal mines.

09-14-2016 16:44:39

Shenhua Group lifts spot coal prices by CNY18/mt for mid-August sales

Shenhua Group released waterborne steam coal spot prices for mid-August on August 22nd, with average prices rising by CNY18/mt from those in early August.

08-23-2016 14:11:35

Shenhua Group sees coal sales rise by 4.8% YoY in H1

Shenhua Group reported a yearly growth of 4.8% in its H1 coal sales, mainly owing to the following two factors.

07-26-2016 11:43:32

Shenhua Group visits Japan to develop business

Reportedly, a sales team led by Cui Fenghai, vice general manager of Shenhua Sales Group, visited some clients in Japan to further learn about their demand and expand cooperation.

06-27-2016 10:05:35

Shenhua Group to suspend sales in anticipation of a coal price gain in July

It is rumored that Shenhua Group will suspend receiving vessels for loading coal from June 24th, awaiting a waterborne coal price uptick in July. Though the news remains to be confirmed by the group, it reflects worries about coal support shortage at ports and expectations of a bullish market.

06-17-2016 15:58:11

Shenhua Group Bayannur Company to thoroughly resume production

Shenhua Group Bayannnur Company will recover production comprehensively from June 20th, under concerted efforts of the local authorities and the company. The company has shelved some of its plants for long.

06-07-2016 11:18:29

Shenhua Group's gross profit drops by 50% to CNY31.8 bln in 2015

Shenhua Group made a gross profit of CNY31.8 billion in 2015, down by 50% YoY, the company said in its annual performance report on May 12th 2016.

05-12-2016 17:05:36

Shenhua Group launches self-produced high sulfur coal to defend market shares

Shenhua Group was recently offering newly self-produced high sulfur 1# 5,500 kcal/kg and 2# 5,200 kcal/kg (S: 0.95%-1.43%; dry basis) blended coals at CNY16/mt below prices for Shenhua Blended Coals of the same calorific value.

03-23-2016 15:00:31

Shenhua Group's coal shipments from northern ports hit a new high in Feb

In February, Shenhua Group sold 1.7 million mt more coal than planned. In particular, its coal shipments via seven northern ports reached 1.8 million mt in the month, hitting the highest level in record.

03-04-2016 09:30:32

Shenhua Group raises prices for the 2nd straight month

Shenhua Group unveiled its March sales prices on Monday afternoon, making a overall price increase as expected.

03-01-2016 15:47:37

Shenhua Group plans to price January cargoes based on BSPI

Reportedly, Shenhua Group set its pricing policy for January 2016 sales at a “4+1” meeting attended by the “four” coal majors and “one” association—China National Coal Association on December 28th, 2015.

01-04-2016 10:40:41

Shenhua Group under fire for continuous price cuts

Against the backdrop of an industry-wide loss, Shenhua Group, as a coal producer with the highest productivity and the lowest cost, still takes the lead to lower coal prices, heavily buffeting high cost and debt-ridden old coal producers.

11-24-2015 17:27:27

Shenhua Group joins major peers in price wars

Datong Coal Mine and China Coal took the lead to cut prices before the National Day holiday, and Shenhua Group, intended to keep prices firm earlier, had to follow its peers’ steps after the holiday.

10-14-2015 16:40:09

Shenhua Group's and China Coal's price cuts likely to spread across the sector

China Shenhua Group cut coal prices further to promote sales on August 6th by offering a discount of CNY10/mt for buyers of 2# 5,200 kcal/kg, blended 5,000 kcal/kg, and 3# 4,800 kcal/kg steam coal with purchase volume above 40,000 mt.

08-12-2015 15:04:08

Shenhua Group lowers coal prices for May

Reportedly, Shenhua Group cut listed prices for mainstream coal varieties by CNY10-15/mt for May sales from those for April.

04-29-2015 17:57:13

Shenhua Group estimates 2015 commercial coal output at 274 mln mt

Shenhua Group, China’s largest coal miner, planned to produce 273.6 million mt of commercial coal in 2015, down by 10.8% from in 2014. It will mark the second consecutive decline in its coal production since the company was listed.

02-26-2015 17:47:35

Shenhua Group witnesses a drop in both coal and power businesses in 2014

In 2014, the coal miner yielded 306.6 million mt of commercial coal, a yearly decline of 3.6%. Its coal sales in the past year arrived at 451.1 million mt, registering a yearly dip of 12.4%.

01-22-2015 14:32:50

Shenhua Group keeps steam coal prices flat for January 2015

On January 4th, 2015, Shenhua Group announced to maintain all steam coal prices unchanged for January sales, the first time that the miner had not made an increase since August 2014.

01-08-2015 11:45:06

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