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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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Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
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Showing 1706 to 1710 news of total 6871 |
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- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- London Commodity Brokers - England
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
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