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Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
 China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move the power firms hope will give them more control over how much they pay for their key raw material.
Huaneng is working on the plan with China Datang Corp , Guangdong Yuedean Group and Zhejiang Energy, said Xu Zanfei, director of planning for Huaneng’s fuel department, in a presentation at the 16th Coaltrans China conference.
The plan for an index also has the backing of smaller power companies, he said.
Even as China’s government tries to cut the use of dirty fuels, coal still accounts for a majority of the country’s power. Utilities have complained over the past two years that a prolonged rally in prices to record highs – due to tighter supplies of the fuel and strong demand – has hurt profits.
The plan also comes as utility executives say they are increasingly worried the government will expand efforts to curb imports, potentially fueling another rally and cutting their access to raw materials.
Imports are expected to fall 8 percent this year.
The new index – which Xu said will be launched “soon” – will cover 70 percent of China’s total coal intake and will offer prices for southern and eastern imports. The utilities hope the huge volumes involved in supplying major Chinese power producers will induce coal suppliers to use the index in their contracts.
“We hope China can have some consistency (in its import policy). Imported coal is crucial for power plants in the coastal areas, especially in the summer when rail freight capacity is tight,” Xu said.
Speaking on the conference sidelines after his presentation, Xu said the index will mainly reflect prices for material from Austrialia and Indonesia, which together accounted for almost two-thirds of China’s coal imports last year.
Zhao Jianguo, the vice chairman of China’s Coal Transportation Association, said the index has a decent chance of being used as an industry benchmark because it has backing from major utilities.
“This index is likely to be influential, because it will reflect prices purchased by power plants,” he said on the sidelines of the conference.
This would be China’s first price index for coal imports. The Bohai-Rim Steam-Coal Price Index (BSPI) is a widely used spot price benchmark for domestic trade.
Companies have different schemes for pricing their imports, but traders said having a coal price index may help make the market more transparent.
Source: Reuters
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Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
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- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
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