We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 23 January 17
THE FREIGHT MARKET DID NOT CHANGE MUCH AND WAS ALMOST AT SAME LEVELS AS LAST WEEK
COALspot.com: The Freight market did not change much and was almost at same levels as last week.
The Baltic Exchange, tracking rates for ships ...
Friday, 20 January 17
U.S. WEEKLY COAL OUTPUT ESTIMATED 15.7 MMST; UP 14.1% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 19 January 17
KOREAN POWER UTILITY BORYEONG POWER TO IMPORT 660K TONS OF BITUMINOUS COAL FOR MARCH 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 590,000 Metric Tons of Bituminous coal and 7000 ...
Thursday, 19 January 17
PANAMAX RATES ARE UNDER PRESSURE IN BOTH HEMISPHERES - FEARNLEYS
Supramax
The market remained flat and the week continued at the same pace as last.
According to Fearnleys weekly dry bulk report, still more ...
Wednesday, 18 January 17
TANKER: THE CLEAN PRODUCT MARKET IS STILL NOT GIVING US ANY CLEAR SIGNS OF RECOVERY - GEORGE VASTARDIS
While we are approaching the Chinese New Year, the Clean Product market is still not giving us any clear signs of recovery, especially on The East ...
|
|
|
Showing 2146 to 2150 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
|
| |
| |
|
