China: China is set to release new "green bond" standards that would remove coal financial support, Reuters reported March 21, citing people familiar with the matter. The previous inclusion of "clean coal" on a list of eligible technologies has put the country at odds with international investors and environmental groups. China's central bank is expected to publish the revised green bond standards later in March, according to the report.
* State Development & Investment Corp. Ltd., a Chinese state-owned investment holding company with more than 1 trillion yuan in assets under management, will no longer invest in coal-fired power plants and will turn its focus to other energy sources, The Australian Financial Review reported March 19. SDIC said in 2016 that it would leave the coal sector by 2021.
* China produced 510 million tonnes of raw coal in January and February, a year-over-year decline of 1.5%, Xinhua News Agency reported March 17, citing the country's National Bureau of Statistics. Output averaged 8.7 million tonnes per day during the period. In December 2018, raw coal production increased 2.1% from 2017.
Thailand: Thailand's February coal imports dropped 12.2% year over year to 1.7 million tonnes, S&P Global Platts reported March 22, citing customs data. The imports value amounted to $107.2 million, 15.1% less than $126.2 million in the year-ago period.
Spain: Spain's coal imports increased 12% year over year to 1.5 million tonnes in January, following the closure of 26 unprofitable local mines, S&P Global Platts reported, citing Spanish customs data.
Canada: Prince Rupert Port Authority showed that Ridley Terminals Inc.'s coal exports fell to a two-year low of 313,756 million tonnes in February, a 60.6% decline from 797,171 tonnes in January, S&P Global Platts reported March 18. February's coal export total is the lowest since 277,250 tonnes in January 2017.
As of March 22, US$1 was equivalent to 6.72 Chinese yuan.
S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.
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