FlashNewsAnalysis

  • Tuesday May 18,2021
  • 17:27:43
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    China's state planner said coal prices and other commodity prices will be back to supply-demand fundamentals in the future.

  • 09:03:27
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    The Australian mining giant South32 Ltd said it is likely to suffer a loss of up to $175 million from the sale of its thermal coal assets in South Africa, and the divestiture was finalized with Seriti Resources on May 17.

  • 08:37:34
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    Iron ore prices have surged to record highs as a batch of factors tightened supply. Analysts at ANZ Bank expected the short-term price will rise to $215/t. But they expect the upbeat strength will weaken in later the year.

  • Monday May 17,2021
  • 15:11:51
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    Australia's thermal coal exports increased 20% on the month to 15.7 million tonnes in April, CoalMint's vessel line-up data showed.

  • 14:10:44
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    The clearance process of Mongolian coking coal remained slow at Ganqimaodu border crossing, with only 94 trucks passing through it on May 15, possibly due to the comeback of COVID-19 in Mongolia. Marketable cargoes were in a shortage at the port, where offer prices rose to 1,400-1,450 yuan/t.

  • 14:08:00
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    Canadian premium low-vol coking coal was offered at $254.6/t CFR North China as of May 14, up $19/t from the previous week and $35/t from a month earlier, Sxcoal data showed. Russian K10 was offered at $180.3/t CFR North China, up $14/t WoW and $25 MoM.

  • 14:05:18
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    As of May 14, Mongolian 5# washed coking coal was offered at 1,700 yuan/t ex-stock Ganqimaodu, up 70 yuan/t week on week and 270 yuan/t month on month. The price came 65% higher compared with the year-ago level. Unwashed coking coal offers were around 1,410 yuan/t, up 100 yuan/t week on week, 220 yuan/t month on month and 64% higher from the previous year, Sxcoal data showed.

  • 14:05:10
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    As of May 14, Mongolian 1/3 coking coal was traded at 770 yuan/t at Ceke border crossing, ex-stock with VAT, flat from a day earlier. The price has increased about 50 yuan/t over the week, 70 yuan/t over the month and by 24.2% from a year earlier, Sxcoal data showed.

  • 11:28:01
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    In April, the value added by the industrial enterprises above designated size in China grew 9.8% YoY in real terms, up 14.1% over the same period of 2019, posting an average growth of 6.8% in 2020-21 with April 2019 as the base period. It ticked up 0.52% MoM. The total added value in the first four months picked up 20.3% YoY, according to the latest NBS data.

  • 11:21:02
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    Research Institute of Petroleum Exploration & Development of China predicted that even after China has achieved carbon neutrality by 2060, its demand for oil is expected to maintain 230-300 million tonnes, and the demand for natural gas is estimated to keep more than 400 billion cubic meters, both surpassing the domestic supply capacities.

  • 11:15:25
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    China's thermal power, hydropower, nuclear power and wind power maintained YoY growth, while solar power generation declined in April. Thermal power increased by 12.5% YoY and 6.7% on average in 2020-21 with April 2019 as the base period. Hydropower rose 3.3% YoY but posted an average decline of 3.1% in 2020-21. Nuclear power grew 5.2% YoY and 7.9% in 2020-21 with April 2019 as the base period. Wind power surged 21.1% YoY and realized an average increase of 10.7% in 2020-21. Solar power decreased by 6.4% while increased by 2.5% on average in 2020-21, the latest NBS data showed.

  • 11:08:10
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    In April, China's daily output of crude steel averaged 3.26 Mt, up 7.54% MoM; daily output of pig iron was 2.53 Mt, up 5.02% over March; daily output of steel products averaged 4.04 Mt, up 4.55% from a month ago. The daily output of crude steel and steel products both hit record highs, and the average daily output of pig iron recorded the third highest in history.

  • 11:03:21
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    China's raw coal output hit 320 Mt in April, down 1.8% YoY while up 4.0% over April 2019, posting an average growth of 2.0% in 2020-21. The average daily output was 10.74 Mt. China's coal imports tumbled 29.8% YoY to 21.73 Mt in April.

  • 09:16:40
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    Polyolefin sales of China Shenhua Energy Co., Ltd., a listed arm of China Energy Investment Corp, rose 7.4% or 4,200 tonnes year on year but decreased 1% or 600 tonnes month on month to 61,100 tonnes in April, the company said in a report on May 15.

  • Friday May 14,2021
  • 17:28:59
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    Under low operating rate of coal mines and active procurement of downstream users, China domestic coking coal price continued climbing up. Currently, the low-sulfur primary coking coal price at Linfen's Anze area, Shanxi, rose to 2,050 yuan/t on acceptance bill with VAT, jumping 550 yuan/t over the low point after the Spring Festival, according to Sxcoal.

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