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BSPI drops to CNY577/mt on multiple factors

BSPI (Bohai-Rim Steam Coal Price Index) closed at CNY577/mt on January 23rd, down CNY1/mt WoW.

01-25-2018 16:59:57

Coal supply keeps tight despite output hitting a record high

Coal supply was still tight amid strong demand though coal output hit a record high.

01-23-2018 16:52:30

China coal imports gains 6.1% YoY in 2017

The total import volume of coal stood at 270.9 million mt over January-December, 2017, gaining by 6.1% YoY. The imported value totaled CNY22,636.7 million, a year-on-year rise of 60%.

01-18-2018 16:43:33

Major enterprises cut coal prices, fueling wait-and-see sentiment

Five major coal enterprises in Shanxi had cut coal prices by at least CNY15/mt. These five enterprises included Shanxi Coal Imp. & Exp. Group, Lu’an Group, Shanxi Coking Coal Group, Yangquan Coal Industry Group and Jinneng Group.

01-16-2018 17:58:39

China coal price to rise at year-end on tight supply

The coal inventories in Shanxi and Shaanxi stayed low at the year-end, and most mines had shut down for maintenance. In Inner Mongolia, market supply was ample. The trucks for coal loading increased, but the high-quality coal was in shortage.

01-11-2018 17:35:04

China coal market remained robust on improved downstream demand

The coastal coal market gradually picked up in winter as the daily coal consumption of power plants recovered to a high level and downstream demand increased, which led to the growing supply and demand of coal at ports around Bohai.

12-20-2017 17:18:38

Coal price declined to a rational level on the intensifying market supervision

The robust coal market gradually dropped to a rational level in these days affected by the policy regulation. Market sources said coal market price went up during the consumption peak season in the previous years. However, the intensifying supervision policies will curb coal price vibration.

11-16-2017 17:59:17

Steam coal price kept downtrend in the short run

Traders cut offers in these days and they sold some resources at low prices, weakening steam coal market prices.

11-15-2017 14:49:41

ECA work to be fully implemented in the Yangtze River Delta waters

In November 2015, the Ministry of Transport issued the Ship Emission Control Area Implementation Plan in the Pearl River Delta, the Yangtze River Delta and the Bohai-rim (Beijing-Tianjin-Hebei region) Waters (hereinafter referred to as Implementation Plan). The Implementation Plan pointed out

10-24-2017 10:38:47

Cement production halt in “2+26” cities to curb 9.1 mln mt coal demand

In August 2017, the government issued the Plan about 2017-2018 Autumn and Winter Comprehensive Control of Air Pollution in Beijing-Tianjin-Hebei Region and Surrounding Areas (the plan). The plan showed over October 2017-March 2018, the mean concentration of PM2.5 in the “2+26” cities

09-30-2017 18:06:31

The coastal coal market kept robust in September

Coal price kept uptrend in the off-peak season of September, and the coastal coal market remained active. The reasons were as follows.

09-30-2017 17:51:23

Coal market forecast in October

China steam coal market went up in mid-September. As of September 26th, the dealing price of 5,500 kcal/kg steam coal gained by CNY110/mt from early September. In October, market coal trading price would stabilize with supply and demand keeping weak in the coastal coal market.

09-30-2017 17:47:16

Coal market stabilized amid the improved supply and demand

In September, hydropower output intensified with temperature cooling down, but thermal power load continued dropping. High energy-consumption and high pollution enterprises cut production amid pro-environment inspection. Therefore, steam coal consumption declined with

09-26-2017 16:54:50

Market panic sentiment emerged as NDRC pledged to secure coal supply

The National Development and Reform Commission (NDRC) pledged to guarantee coal supply these days to prevent coal price from rising further and stabilize coal market. Traders at northern ports took different reactions, as coal prices would be under regulation.

09-26-2017 16:47:37

Four factors boosted steam coal price

Coal supply was tight and coal consumption volume at coastal power plants was higher. Vessels at anchorages increased with high freight rate. Futures price remained high. All these factors drove up steam coal price.

09-22-2017 17:11:47

Coke market remained robust amid supply shortage

As of September 15th, China coke market price saw a total rise of CNY560/mt and the prevailing price of grade II coke was CNY2,260-2,320/mt, up CNY380/mt or 20.21% MoM, and gained by CNY920/mt or 68.66% YoY. Market insiders held bullish sentiment amid the high run rate of blast furnaces

09-21-2017 14:50:29

Coal market supply kept tight in main producing areas

Steam coal supply was tight in Shaanxi and Inner Mongolia, due to output decline affected by coal supervising ticket. Meanwhile, some coal mines halted in Inner Mongolia affected by Kubuqi Forum. Power plants demand did not reduce despite daily coal consumption dip.

09-21-2017 14:45:39

Coal transactions at northern ports kept robust in early Sep

The spot price edged up in early September, as capacity release was less than expectated and downstream users had great demand for restocking. Steam coal transactions at the main ports around Bohai (Qinhuangdao Port, Jingtang Port, Caofeidian Port and Huanhua Port,

09-19-2017 08:44:44

Steam coal market picked up in off-peak season amid the tight supply and demand

Steam coal price rose these days. The latest BSPI (Bohai-rim Steam Coal Price Index) was quoted at CNY580/mt, up CNY1/mt, seeing the first rebound after three-consecutive-week decline. Traders stood firmly by their offers, due to some coal resource shortage at China northern ports.

09-19-2017 08:36:51

Coke producers’ inventory had fallen to the lowest level in 2017

China coke price nearly surged to the highest level of 2016, due to supply shortage of coke producers. Coke plants inventory recorded the lowest level in 2017, and coke market would suffer supply shortage in the short run. As of September 11th, the independent coking plants inventory

09-19-2017 08:31:38

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