China's benchmark power coal price edges up.

State utility Electric Power Industry of Montenegro (EPCG) signed an agreement on Tuesday with a consortium spearheaded by China's Dongfang Electric Corporation (DEC) on the reconstruction of Montenegro's only coal power plant built in 1982.

At present, Shanxi has 954 coal mines. The coal production capacity of major mines reached about 971 million tonnes in 2019.

The Polish government has decided to close 12 coal mines in the country on Monday following a three-day spike in the COVID-19 epidemic.

The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2020 and 2021.

US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said.

“Industrial activities (in China) are practically at their normal levels…Civil construction is also rising daily and steel and iron ore stocks are falling,” he said.

Decline forecasted due to excessive global output and cheap scrap metal.