- Tuesday May 14,2024
-
Market rumor said at a provincial meeting on May 13, Shanxi urges coal mines to boost production, allowing them to operate at 110% of approved capacity. According to policy regulations, reaching 110% of approved capacity is not considered overproduction. The gov't also reportedly accelerates the return of production permits that were temporarily suspended for various reasons. These measures aim to increase local coal supply in preparation for the peak demand period in summer and to bolster the local economy, which has been experiencing a slowdown.
-
India supplied 69.83 Mt of coal to the power sector in April, up 5.4% YoY, showed data from the Ministry of Coal in India.
- Monday May 13,2024
-
Shanxi Power Grid will have 25 UHV transmission lines undergoing maintenance this month, marking the highest number of monthly maintenance operations in nearly 5 years, state media China News Service reported. Among them, 18 of the lines are part of a series project for the adjustment of Shanxi's "West-to-East" power transmission channel. These projects, scheduled to be completed and put into operation before the peak summer demand, are expected to further enhance the outbound transmission capacity of Shanxi Power Grid.
-
Guangdong Power Grid Corp announced that starting from May 11, the Fujian-Guangdong Interconnection Project will be sending electricity to Guangdong at 2 GW of full-channel capacity for the first time. This power supply will last for 10 days, with an expected delivery of 280 GWh.
-
Shaanxi daily PV power generation exceeds 100 GWh.
-
India's coal imports totaled 268.24 Mt in FY2023-24, rising 7.7% YoY, with March's volume up 13.45% YoY to 23.96 Mt, showed data from e-commerce platform mjunction.
-
As of May 9, more than 50 cities across China have eased their home purchase restrictions, state media CCTV reported. Beyond that, more than 50 cities nationwide have expressed support for trade-ins of commercial housing. In addition, measures include relaxing housing loan policies, providing housing subsidies, and cancelling the lower limit on interest rates for commercial loans for first-time home buyers.
-
China's Apr automobile production and sales reached 2.41 million and 2.36 million respectively, down 10.5% and 12.5% MoM but up 12.8% and 9.3% YoY, according to data released by the China Association of Automobile Manufacturers.
-
Major South African shareholders of Anglo American have expressed an open attitude towards BHP's takeover bid, saying that BHP needs to improve its offer, but they are not fundamentally opposed to the acquisition.
-
China's yuan-denominated deposits increased by 7.32 trillion yuan in Jan-Apr, the PBOC data showed. Among them, household deposits increased by 6.71 trillion yuan, non-financial corporate deposits decreased by 1.65 trillion yuan, fiscal deposits decreased by 187.4 billion yuan, and deposits in non-banking financial institutions increased by 1.23 trillion yuan.
-
China's yuan-denominated loans rose by 10.19 trillion yuan ($1.41 trillion) in the first four months of this year The M2 climbed 7.2% YoY to 301.19 trillion yuan at the end of April. The M1 stood at 66.01 trillion yuan at the end of April, down 1.4% YoY, according to the PBOC on May 11. The social financing scale has accumulated to 12.73 trillion yuan in Jan-Apr, a decrease of 3.04 trillion yuan compared to the same period of last year.
- Saturday May 11,2024
-
Canada produced 3.38 Mt of coal in Feb 2024, down 10.3% YoY but rising 1.9% MoM, showed data from Statistics Canada.
-
CHN Energy Wuhai Energy Co., Ltd. produced 1.08 Mt of commercial coal in Apr, up 18.97% YoY, while coal sales reached 1.39 Mt, up 39.26% YoY, according to the official Wechat account.
-
Brazil exported 29.71 Mt of iron ore in Apr, up 12.9% MoM and 19.5% YoY, according to the foreign trade department Secex. The export value amounted to $2.41 bln, up 9.2% YoY, with the average export price down 8.6% to $81.25/t.
-
U.S. coal output was estimated at 7.11 Mt over the week ending May 4, climbing 2.52% WoW.
中文
