Hotspots and market views from China Coal Import International Summit Report

Insight 20 March 2024

Get this report

$1,100

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

Wood Mackenzie’s senior coal analyst Min Li, based out of Singapore, was invited by Sxcoal to speak virtually at the 2024 China Coal Import International Summit on 8 March, which is one of the most important sessions with almost all the players in the coal market joining. Simon Wu, Wood Mackenzie senior coal analyst, based out of Beijing, attended the conference in person. The general atmosphere among the conference participants was pessimistic. The usual resumption of the economy did not occur after the Chinese New Year’s holiday. This insight put together the hot topics discussed in the conference and among the participants, including the outlook of China's macro-economy and coal demand, as well as the supply forecast of the major exporters.

Key takeaways:
Updates from the conference
- China: macroeconomic indicators gloomy but not all pessimistic
- China: changes to the steel demand structure
- China: miners bring down output target for 2024
- Mongolian Coal Association: ambition of Mongolian coal miners challenges current infrastructure
- BigMint: India’s renewables to replace thermal power generation in the long run, but consumption to keep rising
- Indonesia: total coal production to peak in 2023 to achieve net zero target by 2060
- Elga: sanctions on Russian miners to add to uncertainties
Wood Mackenzie market outlook
- Metallurgical coal
- Thermal coal