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Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concerns about higher prices and regional power shortages, as demand for electricity jumps during the peak summer months.
Limits on how quickly customs ports can process coal imports were eased, with ports in Shandong, Fujian and Guangzhou provinces having accelerated their clearance times to 10 days from 15 working days, according to industry platform Coal Lakes. Other ports across the country have also been told to prioritize handling coal for power generation.
China’s port inventories are well-stocked and coal plants are well-prepared for the extra demand as air conditioners whir into action across the country, according to Zhang Zhibin, an analyst with COSCO Coal. Nevertheless, the National Development and Reform Council has already warned that some areas may suffer power shortages, with provincial bodies in economic powerhouse provinces Guangdong and Shandong announcing they are already under strain due to an unusually warm May.
The country’s electricity demand increased significantly in early 2018, with 2.66 trillion kilowatt-hours consumed from January through May, an increase of 9.75% compared to the same period last year. Coal consumption at China’s six biggest power generators in the country’s southeast reached its second-highest level in history last month, when they burned through 724,000 tons a day. The six include China Guodian Corp. and Guangdong Yudean Group Co. Ltd., and are often used as a benchmark for the country’s coal industry.
The increased demand resulted in unusually high spot coal prices in May, leading the NDRC to make its first direct intervention in the market in two years. The agency ordered utilities to stop stockpiling thermal coal and told miners to increase production by 50%.
NDRC’s intervention initially pushed down prices, but demand continued to rise into June, causing prices to rebound. At the northern port of Qinhuangdao, one of China’s two major coal import points, seaborne thermal coal prices reached 698 yuan (USD 108.40) a ton on June 15, up 8.44% from a week earlier. Despite their recent rapid rise, prices have peaked, argued Zeng Hao, the deputy general manager of consultancy Fenwei Information Services Co, Ltd, due to the lack of any new factors that would push prices higher in the months ahead.
China’s coal-power generation companies are expecting to see a continuation of their strong performance in the first half of this year during the summer months. Power giant China Shenhua Energy Co Ltd said that coal sales in April reached 42.8 million tons, an increase of over 20% compared to the same period last year. China’s total energy sales were up 10% year-on-year in April, with electricity sales rising 11% in the January-to-April period compared to a year earlier. Datong Coal Mine Group Co, Ltd. and Shanxi Coking Coal Group Co Ltd also said they expect higher profits compared to the same period last year.
Analysts appeared unconcerned about the impact of the US-China trade conflict on the domestic coal market. Ms Shirley Zhang, an analyst at consultancy Wood Mackenzie said that “Taking into consideration the higher cost of freight, US coal was never a cost-competitive supplier to China on a delivered-quality-adjusted basis.“
Source:Caixin Global
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Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
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Showing 1696 to 1700 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
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