The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

China’s metallurgical coal operations less affected by Chinese New Year

Editor by Editor
2 years ago
min read3 min
Chinese coal demand
Share on FacebookShare on TwitterShare on Linkedin

The Chinese New Year (CNY) holiday is seen as having only limited impact on metallurgical coal production in China, compared with past years, according to a new report published by Mysteel.

RELATED POSTS

StableCoin

Russia considers launching stablecoins to settle export supply payments

4 days ago
World-coal-market

World coal market: brief overview

4 days ago
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

7 days ago

Traditionally, CNY is the time when Chinese people return home to celebrate the new year’s arrival and when workplaces are shuttered, but this year more businesses are likely to remain in operation for longer, including coal mines, the report suggests.

Following government policies aimed at encouraging employees to stay where they work rather than travel (and so reduce the risk of the resurgent coronavirus spreading widely), responses from 56 coal-mining enterprises that Mysteel surveyed nationwide indicated that this year’s holiday break will be shorter.

For 2021, the official CNY holiday lasts over February 11-17 though, and people take a few more days either side, Mysteel Global notes. But the survey found that among the mining firms, their holiday shutdowns this year will average 8.6 days, or 3-4 days shorter than in past several years.

The holiday duration remains rather flexible for Chinese companies, depending on operational demand, though the payment of subsidies to employees required to stay working during the holiday will be compulsory and is normally 2-3 times their daily wage.

Among the surveyed coal-mining enterprises, about 71% will have a break of 0-7 days and 16% for 8-14 days, while last year, some 44% broke for 0-7 days, 22% for 8-14 days and 18% for 15-21 days, according to the survey.

By ownership, state-owned coal miners will take shorter breaks this year compared with privately-owned mining companies. For example, the average CNY holiday for the 14 state-owned miners in North China Mysteel surveyed will be just 1.7 days, while that for the 23 privately-owned firms in the same region will be 7.4 days, the survey found.

In general, the average CNY break plan for North China will be 6-7 days shorter than in 2020, the findings showed. North China is the country’s core region for met coal mining and processing, particularly of premium hard coking coal, Mysteel Global noted.

The 56 surveyed coal miners boast about 534.2 million tonnes/year of raw coal capacity in total. Mysteel calculates that if that 8.6-day average break is observed this year by all Chinese met coal producers whose average raw coal production capacity is 1.2-1.3 billion tonnes/year, then that 3-4 days of reduction in the holiday stoppage could translate to an increase in coking coal run-of-mine output this year of some 13.3 million tonnes.

Similarly, assuming a coal-processing rate of 50%, then the availability of processed coking coal will surge by 6.6 million tonnes in total during the CNY break, the report noted.

The anticipated lift in coking coal output during this year’s CNY is also expected to slow the pace of de-stocking of coking coal at China’s coking plants and steel mills which, by extension, could weigh on domestic coking coal prices, Mysteel forecast.

Normally, coking coal stocks held by merchant coke producers and steelmakers decline during CNY as operations at both usually continue unaffected during the holiday while coal procurement slows, the report explained.

According to Mysteel’s latest data, on February 4 total coking coal stocks at the 230 independent coking plants sampled by Mysteel was 19.4 million tonnes. These stocks could sustain the coke makers for about 22.73 days of operation, or a record high since Mysteel began taking this survey in December 2017.

Also as of February 4, coking coal stocks at the 110 Chinese steel mills reached 8.9 million tonnes, which could sustain their production for 17.8 days, both hitting a one-year high, according to Mysteel’s data.

Source: Mysteel

Written by Sean Xie
Edited by Russ McCulloch

Follow on Twitter:

Tweets by "MysteelGlobal"
Tags: ChinaChinese coal demandmet coalMysteel
Editor

Editor

Related Posts

StableCoin
Coal Demand

Russia considers launching stablecoins to settle export supply payments

4 days ago
World-coal-market
Coal Demand

World coal market: brief overview

4 days ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

7 days ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

2 weeks ago
World-coal-market
Coal Demand

World coal market: brief overview

2 weeks ago
Australia cracks down on coal miners with price cap
Coal Prices

Australia cracks down on coal miners with price cap

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
Chinese coal production up 9% in 2022

Chinese coal production up 9% in 2022

January 20, 2023
World-coal-market

World coal market: brief overview

January 20, 2023

Recent Post

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
World-coal-market

World coal market: brief overview

February 3, 2023
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact

Recent Posts

Russia considers launching stablecoins to settle export supply payments

World coal market: brief overview

Pacific coal prices retain record premium over Europe

Energise your Friday!

Sign up to receive our weekly newsletter (each Friday) with new coal market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?