China Second Largest Coal Company was Born in Shanxi
A new coal giant was born in the great integration of Shanxi coal industries.
Recently, Shanxi Provincial party committee decided to recombine Shanxi Jincheng Anthracite Coal Mining Group, Jinneng Group, Datong Coal Mine Group, Luâ??an Group, Huayang New Material Tech Group and China Taiyuan Coal Transaction Center after the reform into Jinneng Holding Group Co, Ltd.
Jinneng Holding Group will become the second largest coal company in China.
According to China National Coal Association, coal output of China Energy Group was 515mn t in 2019 and that of China Coal Group was 210mn t, ranking the first and second coal companies in China respectively.
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NBS: China Jan-Aug Coal Ming and Washing Profit Down 30%
According to National Bureau of Statistics, during January-August in 2020, China industrial enterprises above designated size achieved operating revenue of 64.2 trillion yuan, down 2.7% on the year. Mining industry reached operating revenue of 2.40725 trillion yuan, down 10.6% from preceding year.
Operating revenue of China coal mining and washing industry posted 1.24144 trillion yuan, falling 11.2% from 2019; that of oil and gas sector was 430.05 billion yuan, down 21.2% year on year; that of ferrous metal mining and washing sector was 240 billion yuan, up 5% from prior year; that of non-ferrous metal mining and washing industry was 163.88 billion yuan, down 5.1% from last year; that of non-metal mining and washing realm was 209.74 billion yuan, dipping 2.6%; that of other mining field was 710 million yuan, slumping by 62.6% from 2019.
Turkey Thermal Coal Imports Soared by 52.92% MoM in June, 2020
Turkey latest foreign trade statistics show that in June, Turkey thermal coal imports increased slightly from the same period last year, an increase of more than 50% from May, the second consecutive month of growth.
In June, Turkey imported a total of 2.7191 million tons of thermal coal (bituminous coal), a slight increase of 0.15% from 2.715 million tons in the same period of the previous year, and a 52.92% increase from the 1,7782 million tons in May.
In June, Turkey imported the most thermal coal from Russia, which was 1.643 million tons, a year-on-year increase of 77.92% and 182.5% month on month respectively. It imported 997,200 tons of thermal coal from Colombia, a decrease of 40.12% and 16.5% from the previous year and month respectively.
In the same month, Turkey thermal coal imports amounted to160 million dollars, a year-on-year decrease of 18.9% and a month-on-month increase of 54.9%. The average import price is estimated to be USD 58.85 per ton, a year-on-year decrease of 19.02% and a month-on-month increase of 1.3%.
Customs: China Coal and Lignite Imports 25.286 Mlnt in June, 2020, down 6.69% YoY
According to recent data released by the General Administration of Customs, China imported 25.286 million tons of coal in June 2020, a year-on-year decrease of 1.812 million tons or 6.69% and a month-on-month increase of 3.229 million tons or 14.64%.
From January to June in 2020, the country imported 173.991 million tons of coal, an increase of 12.7% year-on-year. The cumulative annualized import volume is 348.938 million tons, which is higher than the level of 299.674 million tons last year.
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Weekly Report of China Coal Market for May 8-15, 2020
From May 8-15, prices of coal of all kinds of types in domestic market diverged. There has been a noticeable rise in prices of thermal coal in spot market. But saleable resources were scanty and the market launched a new round of price hike. In terms of producing area, prices went ups and downs, and coal mines were required to suspend production in order to welcome the approaching two sessions (the National Peopleâ??s Congress and the Chinese Peopleâ??s Political Consultative Conference respectively). Price of coking coal in spot market plunged amid stability, and will maintain its weakness in the short term. Price of thermal coal in spot market fell amid stability and prices of a minority of PCI rose but tended to drop in the future. It is expected that in the following week ended by May 22, prices of thermal coal in ports and in producing areas will rise amid stability. Price of coking coal will be weak, and that of PCI in spot market will stop falling.
SteelHome Express: Shanxi Linfen Coking Coal Price Fell amid Stability during Labor Day
Price of coking coal quoted from Linfen, Shanxi province fell amid stability during Labor Day holiday.
Price of low sulfur coking coal plunged by 20-40 yuan and coking coal inventory at some coal mines was piled up. Specifically, price of coking coal from coal mine A dropped by 20 yuan to 1330-1350 yuan per ton (bank acceptance); that of coking coal from coal mine B fell by 30 yuan to 1350 yuan per ton (bank acceptance), and that of coking coal from coal mine C (Mt14) plunged by 40 yuan to 1310 yuan per ton (in cash).
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