We released early last week our Global Coal Fundamentals report. Feel free to request a copy at info@drybulkx.com.

Thermal and met coal imports remained slightly unchanged in December and reached 29.4mt and 8.5mt, respectively. January coal imports are expected to remain at similar levels. DBX anticipates that prices will likely be supported in the current month, given freezing temperatures and FOB cash costs near $100/t FOB for some miners.

Wind generation made an all time monthly and topped 80TWH in November, an increase of 24TWH to October. Hydro generation remained problematic, dropping by 39 TWH in November compared to October. The overall shortfall had to be met by thermal power production, which increased by 42 TWH in November to meet the demand. Total power production will surge in December due to freezing temperatures.

This report provides unparalleled, real-time, and forward-looking insights into the Chinese coal fundamentals, encompassing:

1. Real-time Exports and Imports

2. Real-time International and Chinese Balances

3. Domestic mining output

4. Stockpiles

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