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Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
 China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as the country seeks to bolster the domestic coal industry.
China is curbing coal arrivals through import quotas and quality restrictions on downstream users, such as utilities, following record imports for the first five months of the year.
As a result, imports can take up to 90 days to clear from roughly 30 days previously, two traders said on condition of anonymity.
Three coal traders said the backlog meant fewer import tenders from clients – mostly utilities in eastern and southern China.
“There are only sporadic cases reported on import denial at this moment. But the market consensus is that more ports may strictly implement the quota policy,” one of the traders said.
Authorities are seeking to support struggling domestic coal miners, and analysts expect imports to fall by as much as a quarter in the second half from the corresponding 2019 period.
Traders at Fuzhou and Guangzhou ports have reported processing delays and protracted document inspections at Fuzhou and Guangzhou ports.
Fuzhou port declined to comment and Guangzhou port could not be reached for comment.
“Due to the coronavirus pandemic and relevant coal policies this year, coal imports are more stringent across the country. Coal purchase has been greatly affected in our company as we do not have an import quota,” Jiangxi Xinyuan Fuel Corp, a coal trading subsidiary of government-backed State Power Investment Corp (SPIC), said in a statement on Tuesday this week.
A Fuzhou port official also said the general customs bureau had set import quotas on utilities and the port authority had denied entry for some shipments that did not conform to quotas.
“I don’t know how or when exactly the quotas were set, but they were lower than previous years and seemed insufficient,” said the official, who is not allowed to speak to media.
Fuzhou port would not allow mooring of a cargo chartered by a power utility that had exceeded its import quota of 1.2 million tonnes in 2020, the Fuzhou port official said. The company previously imported more than 2 million tonnes of coal annually.
The General Administration of Customs did not immediately respond to a request for comment.
China’s coal imports totalled 148.71 million tonnes in the January-May period, up 16.8% on year.
Source: Reuters (Reporting by Muyu Xu and Gavin Maguire; additional reporting by Min Zhang and Beijing Newsroom; editing by Barbara Lewis)
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Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...
Tuesday, 04 August 20
THE WORLD’S FLEET OF COAL-FIRED POWER STATIONS HAS GOT SMALLER FOR THE FIRST TIME ON RECORD, WITH MORE CAPACITY RETIRED IN THE FIRST HALF OF 2020 THAN THE AMOUNT OPENED - IEA
This is according to the latest Global Coal Plant Tracker (GCPT) results by Global Energy Monitor (GEM), which we completed last month and report f ...
Monday, 03 August 20
U.S. COAL CONSUMPTION, WHICH HAS DECLINED SINCE ITS 2007 PEAK, FELL TO ITS LOWEST POINT IN APRIL 2020 - EIA
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion ...
Monday, 03 August 20
LOW OIL PRICE AND CORONA VIRUS HIT SUB-SAHARAN AFRICA OIL PRODUCERS - FITCH RATINGS
The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Rati ...
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- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
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- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
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