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Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
 China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with the matter said, the government’s first direct intervention to cool coal prices since mid-2016.
The National Development and Reform Commission (NDRC) asked miners at a meeting to bring spot coal prices back under 570 yuan ($90) per tonne by June 10, from current levels of as much as 650 yuan per tonne, the sources said.
Miners were also told to increase supplies under long-term contract by 200 million to 300 million tonnes, said the sources, who declined to be named due to the sensitivity of the matter.
The NDRC did not respond to a request for comment.
“The rally in coal prices has prompted the government to issue a flurry of measures to bring down prices,” said Zhang Min, a coal analyst with Sublime Information.
China’s coal market can be heavily influenced by government measures, she said.
In the meeting with utilities, miners and port officials, the NDRC encouraged utilities to halt buying in the next two to three weeks or keep their inventories at lower levels, to let coal prices fall below 570 yuan.
The government hopes to cap total import volumes for 2018 at the same level as 2017, about 471 million tonnes, to help encourage more local output. Beijing, at the same time, also aims to speed up checks on the quality of imported coal cargoes for some major power plants, the two sources said.
On Friday, the NDRC said the current rally in prices is unsupported by market fundamentals.
Two of China’s four largest utilities also banned spot purchases of thermal coal in expectations of near-term declines in prices.
Coal physical traders are looking to sell their inventories and cargoes in the wake of price intervention on Tuesday.
“We are looking to find buyers for our inventories as fast as we can and we will stop booking new cargoes until prices stabilize,” a Beijing-based coal trader with a major state-owned commodities trading firm said.
Traders and analyst are pointing to signs of continuing strong demand in the market, including expectations for hotter-than-usual weather and a pick-up in daily coal consumption by power plants.
“Daily coal consumption from the six largest power plants are at 800,000 tonnes this week, this is unusually high for this month,” a Beijing-based trader said.
Thermal coal futures prices fell for the third day on Tuesday to 610 yuan per tonne on news of the meeting.
Source: Reuters
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Friday, 17 August 18
MALAYSIA'S MANJUNG 4 - WORLD COAL ASSOCIATION
According to the IEA’s Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years ...
Thursday, 16 August 18
COAL PRODUCTION AT 37.11 PERCENT OF FULL-YEAR TARGET - THE JAKARTA POST
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year.
...
Thursday, 16 August 18
OIL MARKET HIGHLIGHTS - OPEC
Crude Oil Price Movements
In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed ...
Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself ...
Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
Capesize
Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atla ...
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Showing 1646 to 1650 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
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