NEWS
Coal  

China takes less Russian coal

Chinese imports of Russian thermal coal decreased last year as the country switched to lower-priced material from elsewhere, primarily Indonesia.

Thermal coal receipts from Russia, including lignite, fell by 7pc or 1.16mn t on the year to 15.94mn t in 2018, despite a rise in China's overall thermal coal imports, Chinese customs data show.

Imports of thermal coal from Russia fell last year amid greater competition from other origins. Prices for Russian NAR 5,500 kcal/kg coal on a fob basis were higher than Indonesian and Australian-origin material, and the difference increased in the second half of 2018.

Chinese import restrictions introduced in mid-November also affected Russian supplies, reducing them in November-December compared with the same period of 2017.

China's overall imports of thermal coal reached 207.8mn t last year, up by 9pc or 16.47mn t on the year, thanks to higher receipts from Indonesia and Australia — two major origins of thermal coal imports into the country.

As a result, the share of Russian product in Chinese thermal coal imports fell to 8pc in 2018, from 9pc a year earlier, while Indonesia boosted its share by 4 percentage points to 60pc. Australia's share remained unchanged at 25pc.

News No: 3665
Date: 2019/02/18 - 20:24
News Source: Argus Media

China  Russian  coal 

Comments:

Leave a Comment:

   
   
   
 

Coal Extraction Rises 24%

IMIDRO’s coal extraction increased 24% during the first ten months of the current fiscal year (March21, 2018-January21, 2019).
 

Will Graphite Electrode Prices Revive in coming days of 2019?

Graphite electrode makers around the globe had a wonderful run for almost a year starting from the latter half of 2017 amid supply-side structural changes in China which led to the promotion of steel production through electric furnace (EAF) route, ultimately resulting in the significant rise in the graphite electrodes demand and prices in China.
 

Imported HRC Offers to Bangladesh Remain Firm Over Limited Bookings

This week imported HRC offers to Bangladesh remain unchanged from China. Currently imported HRC (1.6-2mm) offers from China’s major mills are heard in range of USD 575-580/MT CFR Chittagong.
 

India: MMTC Invites EoI for Supply on Non- Canalised Iron Ore

MMTC- India’s largest and state-owned trading house, has floated EOI for empanelment of mine owners/ suppliers/ traders for the supply of non-canalised Iron Ore Fines and CLO.
 

China’s Baowu Steel Eyes Overseas Market to set up a Manufacturing Unit

The latest reports suggest that China’s largest steel producer, Baowu Steel Group is mulling to set up its own manufacturing plant outside China in order to internationalize its business and strengthen its capacity with the intention to overcome the rising trade barriers.
 

Japan: Ferrous Scrap Exports Drop 24% in Jan'19

Scrap imports from China and Vietnam observed significant fall in Jan’19
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners