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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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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 ...
Wednesday, 30 May 18
HIGH PRICE, DMO ENCOURAGE COAL MINERS TO BOOST PRODUCTION - THE JAKARTA POST
A number of coal miners are planning to increase production by 10 percent in the second half of this year after a worldwide price increase.
Th ...
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Showing 1706 to 1710 news of total 6871 |
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- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
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