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China steam coal prices rocket amid tight supply, strong demand

Beijing (JLC), September 29, 2021--China’s steam coal market is in a deep backwardation, with spot prices significantly higher than futures prices, which indicates strong bullishness in the spot market.

09-29-2021 18:41:26

Coal chemical hub asks to half CTO output in Q4

Yulin of Shaanxi in Northwest China, China’s coal chemical hub, plans to cut its CTO output by more than 50%, according to a local government notice.

09-14-2021 09:53:49

China moves forward with renewable energy development in H1 2021

Beijing (JLC), July 30, 2021--China made great progress in the development of renewable energy power generation in the first half of 2021 in response to President Xi Jinping’s call to achieve carbon peak and neutrality targets.

07-30-2021 14:22:55

NBS: Raw coal output gains in April

According to the National Bureau of Statistics, raw coal output of producers above designated scale climbed 4.1% on the year to 293.3 million mt in April 2018.

05-16-2018 17:33:47

Yitai Coal to shed poor-quality assets, acquire good-quality assets

Yitai Coal announced lately to transfer its 36% stake in Yitai Tongda Coal Company to Ordos Huijiabao Investment Co., Ltd for CNY129 million.

12-29-2016 09:38:47

Natural gas' ratio in energy consumption to reach 10% by 2020

Under the 13th five year plan, share of non-fossil fuel in the energy structure will be raised to over 15% and that of natural gas to 10% by 2020, noted Nur Bekri, director with the National Energy Administration (NEA).

12-28-2016 15:06:21

NEA: Coal's share in energy consumption to fall to 60% in 2017

Under the NEA's guidance on 2017 energy work, China's energy consumption shall be controlled at 4.4 billion tce, with non-fossil fuel's and natural gas' ratio to be lifted to 14.3% and 6.8% respectively and coal's ratio to be cut to about 60%.

12-28-2016 13:57:48

China's coal imports from Indonesia jump by 160% YoY in Nov 2016

According to the General Administration of Customs of the PRC, China’s coal imports from Indonesia soared by 160% YoY to 5.15 million mt and its coal imports from Australia dropped by 10% YoY to 5.6 million mt in November 2016.

12-27-2016 13:43:59

Shanxi's coal exports rise by 5.5% YoY in Jan-Nov, 2016

According to the General Administration of Customs of the PRC, Shanxi's coal and lignite exports totaled 1.4024 million mt from January to November 2016, rising by 5.5% YoY, and the export value declined by 4.9% YoY to $125.97 million.

12-27-2016 11:01:24

MOC: China to restrict North Korean coal import in response to UN Security Council's call

The Ministry of Commerce of the PRC (MOC) and the General Administration of Customs of the PRC announced to take restrictive measures on some products exported to and imported from North Korea under the Foreign Trade Law of the PRC and in react to the UN Security Council’s Resolution 2321.

12-26-2016 18:02:18

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

Environmental tax law to take effect in 2018

The draft environmental tax law was passed at the 25th session of the Standing Committee of the National People's congress on December 25th, 2016.

12-26-2016 11:39:41

Coal prices likely to return to a reasonable range amid forceful government intervention

After two months’ wild growth, the coal market is cooling down, and is expected to return to a rational range. Coal prices should be controlled at a range of CNY550-600/mt, Wang Xianzheng, director with the China National Coal Association said earlier.

12-08-2016 17:26:17

Inner Mongolia Yitai Coal-to-liquids' 2 mln/yr coal-to-liquids project is approved

The 2 million mt/yr indirect coal liquefaction pilot project invested by Inner Mongolia Yitai Coal-to-liquids, a branch under Yitai Coal Co., Ltd, was ratified to start construction by the National Development and Reform Commission on (NDRC) December 7th.

12-08-2016 14:40:04

47 coal mines found to have completed capacity reduction target in Shandong

An official team set up to inspect coal overcapacity reduction progress in Shandong found that the 47 coal mines under the latest monitoring in the province had achieved their capacity reduction targets, removing a total of 12.29 million mt/yr production capacity, as reported on December 5th.

12-08-2016 13:54:19

Railway bureaus to sign transport contracts with coal producers and power plants

China Railway Corporation will push railway bureaus to sign production, transportation and demand contracts with coal suppliers and buyers.

12-07-2016 16:30:56

Kailuan and Jizhong Energy ink 5.72 mln mt coal supply term contract with power plants

Kailuan Group and Jizhong Energy Group inked 5.72 million mt coal supply medium and long term contract with five major power groups’ branches in Hebei province and Hebei Construction & Investment Group Co., Ltd alike.

12-07-2016 14:57:02

China coal market returns to term contract period, with contract violation cost rising

At the contract signing ceremony on December 1st, large coal companies signed 102.2 million mt of steam coal supply contract and 54.5 million mt of coking coal supply contract, marking the coal industry reenters into a term contract era.

12-06-2016 17:32:12

Small coal mines below 300,000 mt/yr to be closed or merged

China will accelerate concentration ratio improvement in the coal sector, not permitting the existence of coal mines of and below 300,000 mt/yr as companies.

12-06-2016 16:06:59

Shenshuo Rail Line completes 225.07 mln mt of cargo transportation

By December 2nd, Shenshuo Rail Line had completed 225.077 million mt of cargo transportation, exceeding the plan by 727,000 mt and achieving the target 29 days beforehand.

12-06-2016 15:18:16

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