Mysteel: Chinese buyers showed increased interest in Indonesian thermal coal with low calorific value (CV) on 25 October, considering its significant price advantages over comparable domestic cargoes, sources noted. On 25 October, Mysteel assessed Indonesian 3,800 kcal/kg NAR thermal coal prices at $54/t FOB Kalimantan, unchanged since 15 October. This can be translated into RMB 492.4/t […]
Horizon Insights: Chinese officials, at a meeting on October 17th, announced measures for optimising inventory and controlling supply in China’s struggling real estate market. Key points included granting local governments more autonomy to adjust or lift restrictions, such as removing purchase, sales, and price limits. Additionally, the meeting proposed reducing housing provident fund loan rates by […]
Mysteel Global: China Resource Recycling Group (CRRG), a new state-owned enterprise tasked with building a national platform for resource recycling and reuse, was officially established on October 18 in North China’s Tianjin, according to state media Xinhua News Agency. China launches new SOE to lead national recycling efforts. The new company, with a registered capital of […]
Mysteel Global: China’s Coal output rises 4.4% y-o-y in September 2024 to reach 414.46 mnt, the highest level since April 2023, according to the latest release from China’s National Bureau of Statistics (NBS) on 18 October. The total was also higher by 4.5% from that recorded in August. On a daily basis, coal production in September […]