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Infographic | China's imports of main commodities in Mar 2024
China's imports of coal, natural gas, iron ore, steel products, etc.
Shanxi revises coal resource tax rates to strengthen gov't financial income
China's top coal mining province of Shanxi has decided to raise coal resource taxes as part of efforts to increase local financial revenue.The decision, effective from April 1, involves a lift of reso
China's portside thermal coal prices stabilize, yet downside pressure persists
China's portside thermal coal prices paused after a two-week decline, buoyed by robust solid transactions from buyers with urgent de
mand. However, the prospect of a significant rally remains low as ma
China's coking coal prices susceptible to more declines despite improved fundamentals
Chinese coking coal may struggle to gain strength in the near term as favorable factors of slightly tight supply and improving inquiries for some low-priced coal are still outweighed by adverse factor
China's top coal province to cut output this yr, shifting priority to safety
China's top coal-producing province Shanxi is set to cap production of the fossil fuel at around 1.3 billion tonnes this year, marking the first time to reduce output voluntarily in seven years, accor
Shanxi's 2024 coke production capacity outlook after 4.84-Mtpa cut last yr
China's top coke-producing base of Shanxi province witnessed a net decrease of 4.84 million tonnes per annum (Mtpa) in its coke production capacity in 2023, according to Fenwei's tracking data.During
QHD port coal stocks decline as Daqin maintenance slows rail inflows
Coal inventories at China's major transshipment port of Qinhuangdao dropped notably from 5.72 million tonnes in end-March to around 5.1 million tonnes last week, as inflows declined fast in the wake o
China steelmakers make strides in Indonesian coking projects
China's listed steel producer Nanjing Iron & Steel Co., Ltd. (NISCO) gained ground on its coking projects in Indonesia in 2023, achieving a notable profit, the company said in a performance announceme
Daqin railway Mar coal shipments up nearly 30% on mth, yet down 2.5% YoY
Daqin railway, a major channel shipping coal from production areas to transfer ports in northern China, shipped 36.02 million tonnes of coal in March, falling 2.52% on the year, said operator Daqin Ra
N China's Erenhot land port starts 24/7 customs clearance for 6 mths
Erenhot, China's largest land port bordering with Mongolia, has introduced the round-the-clock cargo customs clearance, marking the first port of offering this service, state media reported.The port w
China's hydropower generation may outperform last yr
China's hydropower generation is expected to significantly increase during the flood season from April to October, despite recent worries about low water levels in major rivers in southwestern region
China Mar PLV HCC output rebounds on mth
China's premium low-volatile hard coking coal (PLV HCC) output increased substantially in March 2024, recovering to nearly January's level, as mines that shut down for the Chinese New Year holiday gra
(Writing by yan.sun Editing by Harry Huo)
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