SIGN UP

COMPANY INFORMATION
Company Name*
Website
Email ID
Phone
Company Address*
Company State*
Company City*
Pin Code*
 I agree to the Terms and Conditions.
captcha image
< BACK       

China’s Mammoth Coal Industry Gets Bigger, Crowding Out Imports

Share:            
news
Source: https://www.google.com/search?q=china+coal%3B&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjgrN-MrcfhAhUbiHAKHSnlBtYQ_AUIDygC&biw=1366&bih=625#imgrc=1TJv8VvVXVK9RM:, April 11, 2019

A year of plenty for China’s coal industry will probably mean a slump in imports, with miners in Australia likely to be the hardest hit.


The world’s biggest producer and consumer of the fuel is set to lift output by more than 100 million tons in 2019, Wang Hongqiao, vice president of the China National Coal Association, said at a conference in Shanghai on Tuesday. The nation dug up 3.55 billion tons in 2018. Another increase would be the third year in a row and could see output close in on 2015’s record of 3.68 billion tons. At the same time, Wang predicted that consumption would remain stable.


The implication is that imports will have to give way. Inbound shipments of thermal coal, the type used by power stations, will shrink this year by as much 12 million tons, or about 5 percent, Noble Group Ltd.’s Head of Hard Commodities Research, Rodrigo Echeverri, told the conference. He said the decline will mostly affect coal of mid-calorific value from Australia, which has already seen shipments beset by port delays in the early months of the year.


China’s management of its mammoth industry often includes adjusting import policies to boost demand for local coal or to keep prices in check. Still, the go-slow on Australian shipments in particular has stoked speculation that Beijing is using trade to make a political point. Authorities have adopted stricter testing, including checks for radioactive content, Chen Bin, deputy chief engineer of China Datang Corp.’s fuel unit, said on the sidelines of the conference.


“Coal imports will still play a necessary role in ensuring supply on domestic market,” said Guo Xinyu, a director at China Huaneng Group’s fuel department. “We expect the coal import policy to remain open and stable.”


The quantity of Australian imports will depend on price, the coal association’s Wang said on the sidelines of the event, although he acknowledged that the “international political environment can also play a role,” without elaborating. Noble’s Echeverri said the broadest impact of China’s glut will be the first decline in global seaborne trade of thermal coal since 2015.


The surplus comes as China upgrades its coal industry, swapping out old and expensive mines for bigger and more efficient operations, even as it tries to reduce its reliance on the fuel in order to cut pollution and meet climate targets. Bloomberg Intelligence estimates that at least 200 million tons of coal capacity will be ready to start production in 2019, with another 409 million tons of government-approved capacity under construction.


China is also boosting the capability of its transportation links to move the expanding volumes of coal. Railway capacity will increase by 650 million tons, or 30 percent, to 2.82 billion by 2020, said Li Hua, a director at China Railway Economic and Planning Research Institute. The Daqin network, which connects the major producing region of Shanxi to Qinhuangdao port, will expand by 450 million tons by 2020.

News Source: Bloomberg

Indian coking coal imports rise by 14.25pc in 2018...

ArcelorMittal to shut Polish plant temporarily due...

Poland's JSW does not expect a fall in coal orders...

Turkey boosts imports of coking coal from US, Cana...

EU steel woes yet to shake US coking coal outlook

Atlantic coking coal: US prices flat

Chinese users buy US coking coal amid lower offers...

Chinese users buy US coking coal amid lower offers...

India to surpass China as largest importer of coki...

Peabody proceeds North Goonyella restart plans

China's steel PMI slides on fewer new orders

Chinese iron ore, coking coal prices fall as steel...

China’s steel, raw materials weaken as demand outl...

Coking coal and iron ore derivatives volume spikes...

Atlantic coking coal: Ukraine seeks extra US tonne...

Coking coal and iron ore derivatives volume spike...

US coking coal exports decline in April

Indian coking coal imports rebound in April

South Korea coking coal imports up in May

Polish coking coal imports surge despite demand ea...

South Korea blocks shutdowns of blast furnaces: Up...

Iron ore and steel players urge govt to abolish im...

China’s iron ore sizzles in record-setting rally

Steel, iron makers seek removal of duty on coking...

Steel, iron makers seek removal of duty on coking...

Atlantic coking coal: Europe sentiment lacklustre

China iron ore soars as Rio Tinto cuts shipments f...

Indian association seeks zero duty on coke, coking...

Coal India targets stakes in overseas coke mines

India buying more US coking coal after disruptions...

Outlook shaky as US domestic met coal talks loom

India imported coal worth Rs 1.7 lakh cr in FY'19

Middlemount coking coal mine shuts after fatal acc...

Japan's coking coal imports drop in May

Public spending to lift Indian steel demand: JSW

Australian receipts drive Turkish coking coal impo...

China coking coal importers on edge as port quotas...

Atlantic coking coal: Pressure persists

JFE Steel settles 3Q PCI and semi-soft contracts

India's infrastructure spending plans to support s...

US, Canadian coking coal exporters eye SE Asia

Atlantic coking coal: Turkey talks ongoing, prices...

Metinvest shores up coal supply amid Russia disrup...

Indian coking coal imports drop in May

Economy strong thanks to China, ‘heaps of stimulus...

India's coking coal imports at 51.84 MT in 2018-19

Vietnam boosts Russian coal imports

Adani refuses to commit to size of 'scaled-down' C...

Indonesia sets May HBA thermal coal price at $81.8...

Adani Expects India Coal Imports to Surge to a Rec...

Adani expects India's coal imports to surge to a r...

Poland to hold talks on Prairie Mining coal projec...

Adani's coal project in Australia may take off as...

BHP sees early end for thermal coal, plugs in to e...

Column: Adani's coal hopes look increasingly isola...

India’s SCCL developing greenfield underground coa...

Two reported Central Appalachia thermal coal deals...

Regulators set date for Adani mine approvals

India’s coal import rises 13% in April 2019

ICI 4 thermal coal derivatives prices hold steady

Indian govt projects sharp drop in thermal coal im...

Indian govt projects sharp drop in thermal coal im...

India to maintain its level of thermal coal import...

Destination of South32’s SA thermal coal assets ma...

China, India thermal coal imports hit multi-year h...

June ICI 4 coal contracts steady, physical trade m...

India to maintain its level of thermal coal import...

Germany’s interest in Russian coal rises

ICI 4 coal derivatives market begins to stabilise

Australia's standing in Pacific has plummeted beca...

Coal India to hire merchant bankers for acquiring...

UPDATE 1-China's May coal imports climb 8.6% from...

Polish coal unions to protest against planned dism...

China’s May coal imports climb 8.6% from month bef...

Vietnam's May coal imports rise 57% on year to 3.8...

Column: Coal price slump in Asia even as demand gr...

ICI 4 coal derivatives trade at higher price

Nippon Steel settles 2Q semi-soft coking coal at $...

Vietnam’s May coal imports rise 57% on year to 3.8...

China’s raw coal production up 3.5 pc in May

Myths and reality: Adani’s Australian coal mine to...

Coal producer Cambrian files for Ch. 11 as thermal...

China's benchmark power coal price remains flat

Bumi Resources expects to sell 42 million tons of...

China's Fuzhou port tightens coal import restricti...

China's import thermal coal market remains tense f...

China's May thermal coal import rises 35% on year...

Coal market faces 25mt overhang in 2019 – analyst

Noble Group sees lower coal prices for next few ye...

April-May thermal coal volumes at key Indian ports...

Canada, US gain as India cuts dependence on Austra...

April-May thermal coal volumes at key Indian ports...

Platts to launch European Blended Price thermal co...

Asia’s coal developers feeling left out by cold sh...

Japanese thermal coal buyers try out Newcastle HA...

Tighter Chinese coal import controls add to Guangx...

Built for a boom, Glencore gets banged up

Downside risk remains for coal in July amid oversu...

Australia sees gold overtaking thermal coal as exp...

Aussie trade surplus hits record $5.7bn

US May coal exports total 8.24 million mt, down 5....

Chinese thermal coal demand to fall with launch of...

Indonesia sets Jul HBA thermal coal price at $71.9...

Thailand boosts imports of Russian coal

Russia-Ukraine conflict sees coal deliveries drop...

Chinese thermal coal demand to fall with launch of...

China Learns an Iron Law of Markets

Questions raised after Australia coal mine deaths

BHP Is Latest Giant Miner to Plan Exit From Therma...

Colombian May thermal coal exports up 32.3%: DANE

BHP Is Latest Giant Miner to Plan Exit From Therma...

King coal rules in Japan as power utilities in thr...

Prices rise slightly for 3Q ICI 4 coal derivatives

China Taiyuan coal transaction price index down 0....

China's top coal province defies Beijing, allows n...

Dry Bulk Market: The Case for the US Coal Exports...

China to provide tariff exemptions on US imports;...

High stockpiles at Chinese power plants to put pre...

China Taiyuan coal transaction price index up 0.13...

Shanghai steel rises to highest since 2011 on down...

China’s Australian coking coal imports double in M...

Newcastle coal edges lower amid softening demand

Newcastle coal resumes slide amid rising trade ten...

June ICI 4 coal derivatives clear at softer price

China's port controls for Australian thermal coal...

China imports of US coking coal rise five-fold in...

Newcastle coal slumps to 2-year low as trade jitte...

Indonesian physical coal prices hold steady

Newcastle coal slips to 3-year low

Wallarah 2 thermal coal project takes leap forward...

Indonesian physical coal prices hold steady

Lower for longer: Supply glut in focus as Asia’s b...

ICI 4 coal derivatives trade picks up

Newcastle coal prices hover near 3-year lows

China Coal Imports Seen Cooling Once Beijing Reins...

Australia coal exports to Europe rise in May

Analysts revise 2019 coal price outlook down nearl...

Low-CV Indonesian coal prices steady to softer

Australian Thermal Coal Leaves Investors Cold

Adani's Australian coal mine wins further environm...

Kangra Coal makes history on the back of Mining Ch...

National Australia Bank lowers 2019 thermal coal p...

China's thermal coal imports to fall 10-12 million...

China’s March coal imports fall 12.1 pct from a ye...

China's Mar coking coal imports surges 110% from F...

China's to boost coal as hopes for end Australian...

Atlantic coking coal: US indexes edge down

Australia’s coal exports to China from Gladstone s...

China coal imports rise 13.5% in April

Share: