- Friday May 17,2024
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China's power generation of all sources totaled 690.1 TWh in Apr, up 3.1% YoY, showed data from the National Bureau of Statistics on May 17.
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China churned out 371.67 Mt of raw coal in Apr, falling 2.9% YoY, which contracted by 1.3 pps from Mar, NBS data showed on May 17.
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China Shenhua Energy Co., Ltd. sold 36.2 Kt of polyolefin in Apr 2024, down 38% YoY and 39.8% MoM, said the company on May 16.
- Thursday May 16,2024
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China Coal Energy Co., Ltd reported its polyolefin output was up 0.8% YoY but down 5.3% MoM to 125,000 t in Apr. Polyolefin sales increased 3% YoY yet fell 8.7% MoM at 137,000 t, according to figures released by the company on May 15.
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On May 14, U.S. President Joe Biden announced a significant increase in import tariffs on Chinese goods. This includes raising tariffs from 25% to 100% on EVs, from 7.5% to 25% on lithium batteries, from zero to 25% on critical minerals, from 25% to 50% on solar cells, from 25% to 50% on semiconductors, and from 0-7.5% to 25% on steel and aluminum products.
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China Coal Energy Co., Ltd, the listed arm of China National Coal Group, produced 10.48 Mt of commercial coal in Apr, down 5.8% YoY and 3.2% MoM, said the company in a statement released on May 15.
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China Shenhua Energy Co., Ltd. produced 27.50 Mt of commercial coal in Apr, rising 5.4% YoY but down 2.5% MoM, said the company in a statement released on May 16. The company's commercial coal sales reached 37.0 Mt in Apr.
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China's cargo shipments via railways amounted to 1.65 Bt in Jan-Apr, down 1.4% YoY, with Apr's shipping volume down 1.9% YoY to 408 Mt, according to statistics data from China State Railway Group Co., Ltd.
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The thermal coal market in Yulin exhibited a downward trend before stabilizing in April amid waned trading activity, according to the local development and reform commission.
- Wednesday May 15,2024
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S Korea imported 8.94 Mt of coal in Apr, up 6.55% YoY and 8.62% MoM, customs data showed. The import value reached $1.51 bln in the month, down 9.44% YoY but up 12.55% MoM.
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Canada coal exports reached 2.79 Mt in Feb 2024, down 1.97%YoY but up 7.97 MoM.
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Indonesian coal miner ITMG produced 4.9 Mt of coal in Q1, rising 31% YoY. It sold a total 5.0 Mt of coal, up 11% YoY, the company said in a report.
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Inventory of five major steel products in China's 21 cities moved lower in early May (May 1-10), down 3.7% from late Apr to 11.55 Mt, marking the six consecutive sessions' decline, according to data from the CISA.
- Tuesday May 14,2024
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Newcastle port in Australia exported 11.36 Mt of coal in Apr, rising 1.54% YoY yet down 6.65% MoM, Port of Newcastle data showed.
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Coal exports at the Hampton Roads terminals in the state of Virginia of the US amounted to 3.90 mln short tons (3.54 Mt) in March, up 17% MoM and 32% YoY, according to data released by the Virginia Maritime Association.
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