- China's demand growth for coal is estimated by Citi to slow to 4% per year between 2013 and 2015, from the average of 10% in 2002-2011, as a result of economic slowdown and more energy choices. Incremental demand is forecast to drop to 150 million tons per year in 2013-2015 from an average of 270 million tons in 2002-2011. However, coal-to-gas projects could become a new growth driver from 2017, pushing up growth to 5%.
- China's monthly thermal coal consumption growth slowed to 9% in September from 20% in August due to end of a late-summer warm spell, Deutsche Bank said in a research report. The rate was stronger than in the same period of 2012, but markedly weaker than in the same period of 2010 and 2011.
- The National Development and Reform Commission is considering cutting coal power tariffs across China, with the highest cut of 25 yuan/megawatt hours in Zhejiang province and the lowest of 9 yuan/megawatt hours in Shanxi province, Daily Economic News reported. Experts say the cut is to supplement alternative energy and emission controls without passing costs on to consumers.
- The Inner Mongolia provincial government said it will reduce railway transport and miscellaneous charges for coal producers to protect the local coal industry. The move came as the Shanxi provincial government did the same thing earlier this year. Inner Mongolia and Shanxi are the 2 biggest coal producing regions in China.
- Trading of the long-awaited steam coal futures began at the Zhengzhou Commodity Exchange on September 26. Experts say this will help Chinese coal producers hedge against price fluctuations.
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