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China's import thermal coal market faced downward pressure amid reduced tendering activities from major power utilities and a further rollback of traders' bidding prices. More: https://buff.ly/4ijwdPg #ThermalCoal #CoalPrice

Coal remains the world's primary source of electricity, as China continues its love affair with coal, with its buying at record levels. For China, it's all about taking advantage of lower coal prices and energy security. The latest date from China's General Administration of Customs, shows it imported 54.98 million tons of coal during the month of November - an 18.9% increase from October. On a year-on-year basis, China's coal imports rose by 26.4%, as the country took full advantage of lower coal prices - with the average landed price of coal and lignite during November being $90.15/mt, well down from $104.48/mt a year ago. #China #coal #energy #electricity #commodities #resources #renewables

Early 2024 data shows China's appetite for coal imports remains strong, with seaborne coal loaded for China jumping 25% (61mt) in Jan-Feb compared to last year and current departures at over 1mt/day. Whilst renewable power capacity is growing, coal remains the dominant player in China's power mix ~60%.⚡ Recent news that domestic coal production is down 4% and peak demand expected this year (IEA), will China continue to snap up imports? Get in touch if you would like to find out more. #Drybulk #Shipping #Coal #China

We find that overseas imports of thermal and coking coal coal [into China] are expected to fall between 52 and 96 megatons (Mt) by 2025 and between 56 and 124 Mt by 2030 from 209 Mt in 2019, depending on how rapidly, and where in China, decarbonization occurs. For coking coal, overseas imports are expected to fall between 9 and 13 Mt by 2025 and between 12 and 17 Mt by 2030 from 68 Mt in 2019, getting pushed out mostly by increased overland imports of cheap high-quality coking coal from neighboring Mongolia. If China had not made its recent substantial investments in its coal transport infrastructure, imports in 2025 and 2030 would have remained at roughly similar levels to 2019 in high future-demand scenarios and would have fallen substantially less in low future-demand scenarios. - Jorrit Gosens and Frank Jotzo of Crawford School of Public Policy, The Australian National University and Alex Turnbull of Keshik Capital Pte Ltd.

This year, it is planned to introduce a number of standards to control the quality of coal sold in Poland. Specifically, the maximum permissible sulphur content in thermal brands used for heating purposes will be 1.2%. First of all, such restrictions will affect public utilities and households. As of today, the bulk of Poland’s hard coal contains on average more than 1.3% sulphur. In their turn, Polish trading companies are gradually starting to book coal batches for further sale as they expect demand from end consumers to rise already in the second half of August. Kazakh high-CV sized coal is priced at $160-170/t DAP Poland, CPT has learnt. Market participants are positive about in their outlook for operation ahead of the heating season. One of the difficulties selling coal to Poland was overloaded local ports that had long-term agreements with state-run companies, but most such contracts expire in Q4… To read the full issue, please try a free trial for #CoalPricesAndTrends following the link https://lnkd.in/g69K7wc #coal #thermalcoal #Poland #EU #Europe #demand #trade #import #quality #inventories #fuel #gas #cpt #CoalPricesAndTrends

Import thermal coal demand will be sluggish in Poland in April, insiders believe. Consumers still have high fuel inventories, while occasional inquiries are fulfilled mostly by local companies. Some traders expect demand to rise in May-June on the back of higher usage of climate control equipment. However, competitiveness of foreign coal will remain low. Some Polish producers continue running campaigns and holding tenders, CPT learns. A local supplier is offering 5,250 kcal/kg NAR coal at an average of PLN 320/t EXW (some $80/t). Amid the rise in European index, suppliers have increased prices for Kazakh coal. In particular, 0-300 mm 5,800-6,000 kcal/kg NAR fuel is priced at PLN 570/t FCA Gdansk ($142-143/t)... To get a free trial to #CoalPricesAndTrends, please follow the link https://lnkd.in/g69K7wc #coal #Poland #demand #ThermalCoal #import #Kazakh #cpt #CoalPricesAndTrends

Coal Import by Domestic Coal Based Thermal Plants and Non-regulated Sector Declines during April to September 2024; Coal Import by Domestic Coal Based Thermal Power Plants Drop by 8.59% in April-September 2024; Non-Regulated Sectors See 9.83% Decline in Coal Imports during April-September 2024. Details - https://lnkd.in/g22qMgRM #Coal #AtmanirbharBharat

Surging Chinese Coal Imports to Support API2 Prices Despite global efforts to transition towards renewable energy sources, China's appetite for coal remains robust, driven by the nation's soaring demand for air conditioning during the sweltering summer months. According to estimates from DBX, Chinese imports of Colombian coal are projected to reach a staggering 1.7 million tonnes in May, marking a substantial 60% month-on-month increase and a remarkable 590% year-on-year surge. This unprecedented surge in coal imports underscores China's continued reliance on fossil fuels to meet its energy needs, particularly during periods of peak demand. As the summer heat intensifies, the widespread use of air conditioning units requires the burning of vast quantities of coal to satisfy the voracious energy appetite. This heightened demand for coal is expected to buoy global benchmark prices, including the API2 index. DBX anticipates that the coal market will remain well-supported throughout the summer season with Asia increasing its coal imports. #CoalDemand #ChineseEnergyNeeds #API2Prices #SummerPeakDemand #FossilFuelReliance #AirConditioningDemand #GlobalCoolingChallenge #EnergyTransition #CoalImports #ColombianCoalExports

Coal demand for power generation was still seasonally weak in China during October. Thermal coal imports, though saw a decline in October from the previous month, were still the second highest in history, with the lowest MoM decline over the past 11 years. Details: https://buff.ly/4hWi8XI #CoalImport #ThermalCoal

„…China’s natural gas imports could climb to half of total demand once consumption plateaus over 2035-2040, according to research from the country’s biggest supplier. Total demand forecast at 600 billion cubic meters a year over that period, Lu Ruquan, president of China National Petroleum Corp.’s Economics and Technology Research Institute, said at a forum on Tuesday. Rise in imports to 300 bcm, matching China’s domestic supply capacity, would depend on attractive overseas prices. Current ratio of imports to overall supply ~40%. LNG may rise to 50% of China’s import needs, from 40% currently. China’s output from unconventional gas resources, including shale, coal bed methane and ultra-deep drilling, may rise to 50% of production from 38%. Gas-fired power capacity, which accounts for 4.3% of China’s overall installations, has potential to grow to 300 GW from current 126 GW, to support integration of renewable energy. China’s gas demand is expected to decline over 2040-2060, after laying the infrastructure foundations for hydrogen development.“