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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 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 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

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

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

The tight supply-demand situation to be eased

Industry source said the tight coal supply-demand pattern will be eased in the off-peak season, but interweaved factors still sustained in the market.

08-25-2017 16:11:09

Shenhua two coal mines halted, followed by tightened supply and a possible price rise

Steam coal prices showed downward trend with the end of peak season in summer.

08-10-2017 18:07:46

NDRC: Four factors triggered coal tight supply and price fluctuation

Yan Pengcheng, the National Development and Reform Commission (NDRC) news spokesman, disclosed on the press conference on July 18th that the following factors led to the periodical tight supply and price fluctuation of coal.

07-21-2017 16:29:44

Steam coal prices rise amid the tight supply

In March, the overall coal market kept considerable with the rising steam coal prices and steady coking coal prices. Insiders predicted steam coal market prices would be inhibited affected by market demand slowdown in the future, but coking coal market prices will still maintain stable.

03-21-2017 18:06:44

Coal prices to rise amid the tight supply

Domestic steam coal prices continued to grow strongly affected by the tight coal resources and downstream positive delivery. Up to March 8th, BSPI (Bohai-rim Steam Coal Price Index) rose CNY4/mt to CNY593/mt. Up to March 12th, the transacting price of 5,500 kcal/kg steam coal grew to CNY650-660/mt

03-17-2017 09:13:41

Market coal prices surge owing to tight supply

The influence of safety inspections at coal mines during the two sessions’ period still continued and coal mines’ output and inventory in main producing areas all slipped with the insufficient coal supply in the market.

03-14-2017 10:56:29

Steam coal prices grow amid tight supply and rising downstream restocking

During the two sessions’ period, all regional governments launched frequent and strict safety inspections for coal mines. In general, coal supply from producing regions became tighter

03-09-2017 17:52:18

The 276 workday regulation likely to be loosened to address tight coal supply

With the year drawing to the end, coal capacity reduction has entered homestretch. The National Development and Reform Commission (NDRC) said on October 25th that this year’s coal overcapacity cut target could be achieved beforehand.

10-26-2016 17:11:11

Coal supply remains tight amid various factors in Inner Mongolia

Tightness persists in Inner Mongolia coal market, owing to rainfalls, production & transportation restriction and environmental protection, coupled with rising coal consumption at power plants amid high temperature in the South.

08-23-2016 15:33:45

Coal majors expected to lift August coal prices on severe tightness

Traders predict coal majors to lift waterborne coal contract prices by CNY15-20/mt for August.

07-26-2016 17:54:41

Coal prices set to sustain an upward trend amid tight supply

Shenhua Group told its end users lately that it would stop receiving orders in mid-July, meaning no extra volume will be sold to those who had finished their planned volume. Similarly, waterborne resources from China Coal, Datong Coal Mine and Yitai Coal were also tight.

07-20-2016 10:46:48

Waterborne coal prices likely to hike amid tight supply in August

Waterborne coal prices are likely to see a large upturn from July to August, owing to thin supply, low inventory and strong demand.

07-15-2016 10:04:47

Tighter Environmental Regulation in Tangshan curbs met coal demand

Tangshan municipal government called a meeting for managers responsible environmental protection from all local steelmakers on July 18th, requiring them to set up environment protection equipment under the new environment protection law within a certain deadline.

07-29-2015 10:49:05

Uptight feed gas supply leads to low run rates at deep processing units

China’s gas deep processing plants have seen profit margin narrowing down recently due to downturns in trades for oil blending feedstock, and thus are running at low rate. Operation rate at such plants has dropped by 3.51% from at the end of December to the current 29.67%.

01-15-2015 16:10:03

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