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Shanxi Power Grid will have 25 UHV transmission lines undergoing maintenance this month, marking the highest number of monthly maintenance operations in nearly 5 years, state media China News Service reported. Among them, 18 of the lines are part of a series project for the adjustment of Shanxi's "West-to-East" power transmission channel. These projects, scheduled to be completed and put into operation before the peak summer demand, are expected to further enhance the outbound transmission capacity of Shanxi Power Grid.
Guangdong Power Grid Corp announced that starting from May 11, the Fujian-Guangdong Interconnection Project will be sending electricity to Guangdong at 2 GW of full-channel capacity for the first time. This power supply will last for 10 days, with an expected delivery of 280 GWh.
Shaanxi daily PV power generation exceeds 100 GWh.
India's coal imports totaled 268.24 Mt in FY2023-24, rising 7.7% YoY, with March's volume up 13.45% YoY to 23.96 Mt, showed data from e-commerce platform mjunction.
As of May 9, more than 50 cities across China have eased their home purchase restrictions, state media CCTV reported. Beyond that, more than 50 cities nationwide have expressed support for trade-ins of commercial housing. In addition, measures include relaxing housing loan policies, providing housing subsidies, and cancelling the lower limit on interest rates for commercial loans for first-time home buyers.
China's Apr automobile production and sales reached 2.41 million and 2.36 million respectively, down 10.5% and 12.5% MoM but up 12.8% and 9.3% YoY, according to data released by the China Association of Automobile Manufacturers.
Major South African shareholders of Anglo American have expressed an open attitude towards BHP's takeover bid, saying that BHP needs to improve its offer, but they are not fundamentally opposed to the acquisition.
China's yuan-denominated deposits increased by 7.32 trillion yuan in Jan-Apr, the PBOC data showed. Among them, household deposits increased by 6.71 trillion yuan, non-financial corporate deposits decreased by 1.65 trillion yuan, fiscal deposits decreased by 187.4 billion yuan, and deposits in non-banking financial institutions increased by 1.23 trillion yuan.
China's yuan-denominated loans rose by 10.19 trillion yuan ($1.41 trillion) in the first four months of this year The M2 climbed 7.2% YoY to 301.19 trillion yuan at the end of April. The M1 stood at 66.01 trillion yuan at the end of April, down 1.4% YoY, according to the PBOC on May 11. The social financing scale has accumulated to 12.73 trillion yuan in Jan-Apr, a decrease of 3.04 trillion yuan compared to the same period of last year.
Canada produced 3.38 Mt of coal in Feb 2024, down 10.3% YoY but rising 1.9% MoM, showed data from Statistics Canada.
CHN Energy Wuhai Energy Co., Ltd. produced 1.08 Mt of commercial coal in Apr, up 18.97% YoY, while coal sales reached 1.39 Mt, up 39.26% YoY, according to the official Wechat account.
Brazil exported 29.71 Mt of iron ore in Apr, up 12.9% MoM and 19.5% YoY, according to the foreign trade department Secex. The export value amounted to $2.41 bln, up 9.2% YoY, with the average export price down 8.6% to $81.25/t.
U.S. coal output was estimated at 7.11 Mt over the week ending May 4, climbing 2.52% WoW.
Inner Mongolia's Wuhai produced 15.91 Mt of raw coal in Jan-Apr, up 5.5% YoY, while washed coal output reached 7.29 Mt, down 12.5% YoY, according to local statistics bureau.
In April, Wuhai Energy produced 1.08 Mt of commercial coal, an increase of 18.97% YoY. Sales reached 1.39 Mt, climbing 39.26% YoY.
China's domestic thermal coal market experienced a strong rally last week, yet the winning streak stalled with slowed restocking at the end of the week. Last week also witnessed a rise in the seaborne
China's portside thermal coal prices began the week with their upward momentum dampened by weakened demand, but insiders are not convinced that this signals an immediate downward trend.On May 13, offe
The proposed fifth coke price hike by Chinese coke companies earlier last week faces increasing uncertainty as the steel market has entered a downturn.Steel companies reported weak steel demand recent
The upward trend persisted in China's coking coal prices last week, with some grades up 50-100 yuan/t on prospect of the fifth coke price hike.?However, end buyers exercised caution in inking fresh or
Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.
Chinese metallurgical coke market remained stable last week, and coke producers' request for the fifth price hike met growing resistance from some steelmakers.The IndexOn May 13, the CR China Met Coke
Thermal coalProduction area Thermal coal prices continued to tick up in major producing regions, with some mines hiking prices by 10-20 yuan/t. This was mainly supported by factors including tightened
Photovoltaic (PV) power generation in northwestern China's Shaanxi province reached 107 GWh on May 6, marking a milestone for its daily output to exceed 100 GWh for the first time, the local grid oper
India's coal imports totaled 268.24 million tonnes for the fiscal year 2024 (through March 2024), rising 7.7% against 249.06 million tonnes last fiscal, showed data from e-commerce platform mjunction.
Freight rates for coal shipment on China's coastal sea routes jumped to the highest since the beginning of this year, fueled by multiple factors such as increased market inquiries, coal price rallies,
The US Energy Information Administration (EIA) projected power consumption in the country to reach record highs in 2024 and 2025, according to its Short-Term Energy Outlook released on May 7.The EIA f
Chinese steel companies still have room to further cut production and reduce inventories, as the industry faces a temporary supply-demand imbalance and declining steel prices, according to a senior of
South Africa exported a total of 6.22 Mt of coal in Mar 2024, up 2.21% YoY and 17.02% MoM, showed data from South African Revenue Service.
Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.
China added 45.74 GW of solar power capacity into the grid in the first quarter of this year, jumping 36% from the same period of 2023, according to data from the National Energy Administration (NEA).
India's coal output increased by 7.4% to 78.69 million tonnes in April compared to last year's 73.26 million tonnes, according to the coal ministry.Coal India Limited (CIL), the state-owned coal minin
Shandong province, a traditional energy hub in China, has topped the country in installing new energy storage capacity, playing a significant role in the national energy security.By the end of March t
China coking coal, met coke and steel market key figures in focus.
Vietnam Industry Coal and Mineral Industries Group (Vinacomin), the country's top coal producer, said it had significantly increased coal sales to power plants to catch up with soaring energy demand a
The Purchasing Managers' Index (PMI) for the steel sector in China's leading steel-making province Hebei rose 12.7 percentage points (pps) month on month to 60.3 in April 2024, data from the province'
Rises in thermal coal prices at north China ports after the May Day holiday were supported mainly by traders' efforts to prop up prices, and downstream demand is yet to improve materially.On May 7, th
Thermal coalProduction area Thermal coal prices stayed firm in major producing regions, supported by well-maintained balance between production and sales across most mine. Some mines opted to suspend
Newcastle thermal coal futures have maintained an upward trajectory since late April, propelled by soaring demand from Asian countries grappling with sweltering heat.On May 6, the June contract closed
Mongolian coking coal auctions on the Mongolian Stock Exchange (MSE) recovered since mid-April, snapping consecutive failures from late March to early April, partly supported by a resurgence in China'
Thermal coal prices at northern China ports held stable on April 29 as market participants awaited developments post the May Day holiday spanning May 1-5.Domestic 5,500 Kcal/kg NAR thermal coal was of
April saw fluctuating international thermal coal prices, starting with a slight drop and then rebounding, though with moderate volatility.In the first half of the month, ?after the temporary impact of
Chinese metallurgical coke prices stayed temporarily stable during the May Day holiday from May 1 to 5, following a 100-110 yuan/t increase earlier last week, the fourth consecutive hike since mid-Apr
South Africa's coal exports in March jumped over 17% compared with the previous month, while increased only moderately on a year-on-year basis, customs data showed, driven by growing demand from India
Thermal coalProduction area Thermal coal prices drifted higher in major producing regions, supported by active restocking from metallurgical and chemical plants. This led to balanced production and sa
The majority of Chinese cement companies suffered declines in business operations during the first quarter, with some even reporting net losses.Anhui Conch Cement, the largest cement manufacturer in C
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