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Thursday, 05 January 17
UNCHANGED COAL-FIRED TARIFFS PRESSURE CHINA'S GENERATORS - FITCH
 COALspot.com: China's decision to keep on-grid electricity prices from coal-fired power unchanged amid higher coal prices will further squeeze power producers' margins in 2017, says Fitch Ratings. Margins are also expected to suffer as more electricity is sold under direct power sales (DPS) programmes at a discount to the benchmark on-grid tariff as well as from falling plant utilisation levels.
China's National Development and Reform Commission (NDRC) said on 4 January 2017 that the benchmark on-grid tariff for coal-fired power will remain unchanged in 2017, despite a strong coal price rally starting from 3Q16.
Fitch further noted that, China introduced a coal price pass-through mechanism in early 2016, which specifies that coal-fired power generators' on-grid tariff will be reviewed at the start of each year to reflect coal price changes in the previous year. In this week's announcement, the NDRC further specified that the average NDRC national coal price index from November 2015 to October 2016 was used as reference to decide the tariff pass-through amount. According to the price formula, on-grid tariff should increase by CNY0.18 cents per kilowatt hour (KWh) to reflect the coal price change in that period. However, changes less than CNY0.2 cent/KWh will not be made, but will accumulate into the next review period.
Although the current Qinghuangdao seaborne coal price is already 15% lower than its peak in 2016 due to NDRC measures to increase coal supply and contain coal prices, it remains more than 30% higher than the average 2016 price as coal prices were much lower in 1H16. We expect coal prices to fall further with policy intervention; however, the average 2017 coal price, especially in 1H17, is likely to be higher than for the same period last year. As such, dark spread - the difference between power tariffs and unit coal costs - for coal-fired power generators will be lower than in 2015 and early-2016.
At the same time, Fitch said, power volumes sold under DPS are increasing. The NDRC reports that power sold under DPS increased to 700 billion KWh in 2016, up from 430 billion KWh in the previous year. This represents around 12% of China's total power demand or 17% of power demand from the energy-intensive secondary industry, which accounted for around 71% of the country's total power consumption in 2016. According to NDRC, the average discount on DPS is around CNY6.4 cent/KWh, which is around 18% of China's national average on-grid tariff.
However, Fitch estimates the discount for power sold under DPS is around 20% in regions with higher power demand and less competition, and 30% or higher in regions that suffer more from power overcapacity. Coal-fired power generators' dark spread is likely to be further squeezed as China aims to expand the scale of DPS in 2017.
We also expect coal-fired power utilisation hours to decline with slowing power demand growth and still-high capacity additions. We expect some smaller players are likely to be loss-making and forced out of the market, while large-scale and highly-efficient power generators or power-heat co-generation generators in regions with stable power demand or access to lower-cost coal will be final winners under these changes taking place in China electricity market, Fitch concluded.
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Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...
Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...
Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...
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Showing 1971 to 1975 news of total 6871 |
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- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- White Energy Company Limited
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- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
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- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
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- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
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- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- The University of Queensland
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- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
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- Indonesian Coal Mining Association
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- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
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- Mintek Dendrill Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
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- Bhoruka Overseas - Indonesia
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- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
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- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
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- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Australian Coal Association
- ICICI Bank Limited - India
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