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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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Friday, 07 July 17
EIA ESTIMATES SHOW U.S WEEKLY COAL PRODUCTION UP 1.7 PERCENT
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.9 million short tonn ...
Thursday, 06 July 17
SUPRAMAX: INDO TO INDIA TRIPS WITH DELIVERY THAILAND RANGE IS GIVING OWNERS AROUND MID $8000 - FEARNLEYS
Supramax
Another slow start to the week with somewhat softening rates and few fixtures.
According to Fearnleys Weekly Dry bulk report, the N ...
Thursday, 06 July 17
UNEXPECTED MOVE FROM CHINA BOOSTS COAL PRICES - OIL PRICE
Coal prices have been cooling the last few months — after a spectacular run last year. But news late last week suggests the market is about t ...
Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
COALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.
According to bp, the rise in coal prices ...
Wednesday, 05 July 17
TANKER MARKET INSIGHT - KATERINA RESTIS
A war of words blasted last month as the UAE, S. Arabia, Egypt and Bahrain revealed that they are experiencing severe diplomatic issues with the st ...
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Showing 2011 to 2015 news of total 6871 |
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- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- White Energy Company Limited
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Planning Commission, India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- The University of Queensland
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
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