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, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
|
|
|
Showing 2226 to 2230 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Independent Power Producers Association of India
- The University of Queensland
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
|
| |
| |
|
