China coal short-term outlook May 2022
Report summary
Table of contents
- Key events
- Shanghai’s lockdown dampened China’s thermal coal demand
- Concerns about falling demand partly offset by improving Covid-19 conditions in late May
- Domestic: policy to ensure supply resulted in high production records
- Domestic: Ordos plans to increase mine output
- Import: landborne imports from Mongolia to increase rapidly in June
- Declining domestic output underpinned the QHD price
- Price weakness to recover when a substantial demand increase is in place
Tables and charts
This report includes 13 images and tables including:
- Key market data
- Monthly coal-fired power generation (TWh)
- Monthly hydro-power generation (TWh)
- Monthly throughput at Qinhuangdao port (Mt)
- Monthly throughput at Huanghua port (Mt)
- Monthly hot metal production (Mt)
- Monthly metallurgical coke production (Mt)
- Raw coal production - NBS
- Coal mines in Ordos with increased output potential, Mt
- Thermal coal supply (Mt)
- Metallurgical coal supply (Mt)
- Key thermal coal prices: history and forecast (US$/t)
- Hard coking coal price arbitrage at Tangshan steel mill (US$/t nominal)
What's included
This report contains:
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