Weekly Alert | China Nov coal imports hit new high, yet spot buys cautious

China's Nov coal imports surged to a record nearly 55 Mt, with total yearly imports expected to reach 520-530 Mt; However, spot buys remain subdued due to high stocks and continued domestic declines.

Dec 13, 2024

Chinese utilities buy import thermal coal cautiously amid high inventory

Chinese utilities are taking a cautious stance on purchasing spot seaborne imported coal, despite lower offer from traders, mainly due to substantial inventories and an ongoing decline in domestic market.

Global thermal coal exports set to break records yet green energy push takes effect

Global thermal coal exports and usage are forecasted to reach unprecedented levels in 2024, while renewable capacity expands at a record pace across major continents.

China 2024 coal imports to reach 520-530 Mt amid energy security efforts

China's coal imports could reach 520-530 million tonnes this year and may surpass 520 million tonnes again in 2025, company representatives and officials forecast during the 2025 National Coal Trade

China's Nov coal imports hit new record high on price edge, term contracts

China's coal imports in November reached a record high of 54.98 million tonnes, posting impressive year-on-year and month-on-month increases of 26.38% and 18.89%, respectively.

Shaanxi strives to ensure steady coal output growth by 2025

Shaanxi province, a major coal-producing hub in northwestern China, is gearing up to ensure a steady increase in coal production with expanded capacity next year.

Guangdong to control coal consumption and cut industrial coal use

China's GDP-leading Guangdong province unveiled an action plan on December 10 aimed at reasonably controlling coal consumption and reducing industrial coal use.

Russia Nov China-destined rail export coal shipments down 6.9% on mth

Russian railways transported 7.46 million tonnes of coal for export to China in November, rising 8.01% year on year but declining 6.90% month on month, marking a two-month losing streak.

U.S. coal production expected to fall nearly 12% and exports up 6.5% in 2024, EIA

U.S. coal production is expected to be 508.8 million short tons (462 million tonnes) in 2024, slightly higher than the previous month's forecast of 504.7 million short tons.

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Data watch

Sxcoal has summaried the latest official coal import/export updates as follows:

Sxcoal Newsletter

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