COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 15 December 20
CHINA EXTENDS FULL OPEN GESTURE TO IMPORTED COAL EXCEPT FOR AUSTRALIA - GLOBAL TIMES
Domestic, overseas suppliers will take up share with easier clearance
 
China's top economic planner on Saturday gave approval to power plants to import coal without clearance restrictions, except for Australia, in a bid to stabilize coal purchase prices.
 
Analysts said that China has various sources of coal, including Mongolia, Indonesia and Russia. Moreover, China is reducing coal use to curb carbon emissions, which will mean lower demand for coal in the next few decades.
 
The National Development and Reform Commission said in a meeting with 10 major power enterprises that the coal purchase price should not exceed 640 yuan ($97.8) per ton and it ordered power plants to share inventory to reduce the purchase of high-priced coal in the market. At present, the inventory of coal at key power plants is about 86 million tons.
 
Wang Yongzhong, director of the Institute of Energy Economy at the Chinese Academy of Social Sciences, said that China has stable and sufficient domestic coal supply, while having rich import sources.
 
"China's major coal import source countries used to be Australia, Indonesia, Russia and Mongolia. Since Mongolia has a geographic advantage that allows lower transportation costs than any other exporters, it could take a large share from Australian coal, as the relationship between China and Australia has been deteriorating and Australia is gradually losing the Chinese market. Domestic suppliers can also grab some market share," Wang told the Global Times on Sunday, adding that even the US and Canada could be import sources, though they are the last choices as transportation costs would be very high.
 
China has been the biggest coal importer in the world for over 10 years, with imports of 299.674 million tons in 2019, up 6.3 percent from a year earlier. From January to November, China's coal imports were 264.826 million tons, down 10.8 percent year-on-year, according to statistics of the General Administration of Customs.
 
A manager surnamed Chen at a company that provides carbon emission reduction solutions told the Global Times that some clients with businesses related to coal only use domestic sources, while some others have up to 50 percent supply from imports. So far, no clients have reported any shortage.
 
"China planned to reduce 100 million tons of coal consumption annually by 2030 to finally accomplish its carbon-neutral goal before 2060, which means fading demand in the coal market. An absence of Australian coal in China is actually beneficial to all other market suppliers," said Wang.
 
Contracts for a total of 740 million tons of coal were signed at the China Taiyuan Coal Trade Fair on Tuesday in North China's Shanxi Province, a major domestic coal production base.
 
Apart from domestic coal suppliers, exporters are also eyeing the Chinese market. The latest example is Indonesia, which struck a $1.46 billion coal deal with China in November. The Indonesian Coal Mining Association said in 2021, coal exports to China will increase by 200 million tons. 
 
Russian suppliers plan to increase production to export more to China. 
 
In addition to traditional exporters, newcomers like Kazakhstan have emerged. Kazakhstan's Ministry of Industry and Infrastructural Development announced plans to increase coal output to 120 million tons this year, with 38 million tons for export.
Source: Global Times


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...


Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...


Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...


Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...


Friday, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6503
News by Category
Popular News
 
Total Members : 27,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Xindia Steels Limited - India
  • BNP Paribas - Singapore
  • Savvy Resources Ltd - HongKong
  • bp singapore
  • Glencore India Pvt. Ltd
  • Cosco
  • Tata Chemicals Ltd - India
  • IMC Shipping - Singapore
  • KPCL - India
  • Bhoruka Overseas - Indonesia
  • Gujarat Sidhee Cement - India
  • Cigading International Bulk Terminal - Indonesia
  • Georgia Ports Authority, United States
  • New Zealand Coal & Carbon
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • London Commodity Brokers - England
  • Core Mineral Indonesia
  • Adani Power Ltd - India
  • Africa Commodities Group - South Africa
  • Meenaskhi Energy Private Limited - India
  • Bharathi Cement Corporation - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Singapore Mercantile Exchange
  • Bulk Trading Sa - Switzerland
  • Arutmin Indonesia
  • World Bank
  • Noble Europe Ltd - UK
  • Ministry of Transport, Egypt
  • Renaissance Capital - South Africa
  • Lanco Infratech Ltd - India
  • Qatrana Cement - Jordan
  • SRK Consulting
  • Aboitiz Power Corporation - Philippines
  • J M Baxi & Co - India
  • Interocean Group of Companies - India
  • Adaro Indonesia
  • Makarim & Taira - Indonesia
  • Geoservices-GeoAssay Lab
  • Global Business Power Corporation, Philippines
  • Toyota Tsusho Corporation, Japan
  • U S Energy Resources
  • Sakthi Sugars Limited - India
  • Meralco Power Generation, Philippines
  • Indian Energy Exchange, India
  • Indorama - Singapore
  • Indo Tambangraya Megah - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Parliament of New Zealand
  • Coal Orbis AG
  • Sucofindo - Indonesia
  • Coastal Gujarat Power Limited - India
  • HSBC - Hong Kong
  • Carbofer General Trading SA - India
  • Rio Tinto Coal - Australia
  • Indian School of Mines
  • SN Aboitiz Power Inc, Philippines
  • Petron Corporation, Philippines
  • Commonwealth Bank - Australia
  • Maybank - Singapore
  • Argus Media - Singapore
  • RBS Sempra - UK
  • Ind-Barath Power Infra Limited - India
  • Manunggal Multi Energi - Indonesia
  • Ambuja Cements Ltd - India
  • Credit Suisse - India
  • UOB Asia (HK) Ltd
  • Maruti Cements - India
  • Platts
  • PetroVietnam Power Coal Import and Supply Company
  • Karbindo Abesyapradhi - Indoneisa
  • Romanian Commodities Exchange
  • International Coal Ventures Pvt Ltd - India
  • ETA - Dubai
  • Coal and Oil Company - UAE
  • Leighton Contractors Pty Ltd - Australia
  • NTPC Limited - India
  • NALCO India
  • Vitol - Bahrain
  • Berau Coal - Indonesia
  • Price Waterhouse Coopers - Russia
  • The State Trading Corporation of India Ltd
  • Bhushan Steel Limited - India
  • Simpson Spence & Young - Indonesia
  • Merrill Lynch Bank
  • Ceylon Electricity Board - Sri Lanka
  • Peabody Energy - USA
  • Larsen & Toubro Limited - India
  • globalCOAL - UK
  • Kumho Petrochemical, South Korea
  • Global Coal Blending Company Limited - Australia
  • Aditya Birla Group - India
  • Mercator Lines Limited - India
  • Barclays Capital - USA
  • Riau Bara Harum - Indonesia
  • KEPCO - South Korea
  • ICICI Bank Limited - India
  • The University of Queensland
  • Wilmar Investment Holdings
  • Freeport Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Thriveni
  • Formosa Plastics Group - Taiwan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mercuria Energy - Indonesia
  • Vedanta Resources Plc - India
  • UBS Singapore
  • Xstrata Coal
  • Banpu Public Company Limited - Thailand
  • McKinsey & Co - India
  • Jorong Barutama Greston.PT - Indonesia
  • Goldman Sachs - Singapore
  • Star Paper Mills Limited - India
  • Mitsubishi Corporation
  • Britmindo - Indonesia
  • Antam Resourcindo - Indonesia
  • CIMB Investment Bank - Malaysia
  • Tamil Nadu electricity Board
  • Pendopo Energi Batubara - Indonesia
  • Jatenergy - Australia
  • Eastern Coal Council - USA
  • Jindal Steel & Power Ltd - India
  • Vale Mozambique
  • ING Bank NV - Singapore
  • Tanito Harum - Indonesia
  • PNOC Exploration Corporation - Philippines
  • MEC Coal - Indonesia
  • Therma Luzon, Inc, Philippines
  • Lafarge - France
  • Ince & co LLP
  • TANGEDCO India
  • McConnell Dowell - Australia
  • MS Steel International - UAE
  • Panama Canal Authority
  • JPMorgan - India
  • Kobexindo Tractors - Indoneisa
  • Parry Sugars Refinery, India
  • Borneo Indobara - Indonesia
  • Fearnleys - India
  • Essar Steel Hazira Ltd - India
  • Deutsche Bank - India
  • Oldendorff Carriers - Singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Minerals Council of Australia
  • Bukit Makmur.PT - Indonesia
  • PetroVietnam
  • Malabar Cements Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Globalindo Alam Lestari - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Trasteel International SA, Italy
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CoalTek, United States
  • Ernst & Young Pvt. Ltd.
  • Kepco SPC Power Corporation, Philippines
  • Mechel - Russia
  • TRAFIGURA, South Korea
  • GMR Energy Limited - India
  • The India Cements Ltd
  • PTC India Limited - India
  • Agrawal Coal Company - India
  • GHCL Limited - India
  • Russian Coal LLC
  • Cargill India Pvt Ltd
  • Kapuas Tunggal Persada - Indonesia
  • Latin American Coal - Colombia
  • ANZ Bank - Australia
  • Enel Italy
  • Marubeni Corporation - India
  • Siam City Cement - Thailand
  • Bangkok Bank PCL
  • Bukit Asam (Persero) Tbk - Indonesia
  • Iligan Light & Power Inc, Philippines
  • White Energy Company Limited
  • IBC Asia (S) Pte Ltd
  • Surastha Cement
  • KOWEPO - South Korea
  • Shenhua Group - China
  • Eastern Energy - Thailand
  • India Bulls Power Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Posco Energy - South Korea
  • KPMG - USA
  • Kohat Cement Company Ltd. - Pakistan
  • Orica Mining Services - Indonesia
  • VISA Power Limited - India
  • Power Finance Corporation Ltd., India
  • Platou - Singapore
  • Ministry of Mines - Canada
  • Heidelberg Cement - Germany
  • Gupta Coal India Ltd
  • Binh Thuan Hamico - Vietnam
  • Deloitte Consulting - India
  • SMC Global Power, Philippines
  • Clarksons - UK
  • GAC Shipping (India) Pvt Ltd
  • Central Java Power - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • PLN Batubara - Indonesia
  • Petrosea - Indonesia
  • Tata Power - India
  • Thomson Reuters GRC
  • Barasentosa Lestari - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Shree Cement - India
  • Mitra SK Pvt Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Wood Mackenzie - Singapore
  • World Coal - UK
  • Indogreen Group - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Edison Trading Spa - Italy
  • Semirara Mining Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Moodys - Singapore
  • Gresik Semen - Indonesia
  • Maersk Broker
  • Bhatia International Limited - India
  • Cebu Energy, Philippines
  • Bank of China, Malaysia
  • Vizag Seaport Private Limited - India
  • European Bulk Services B.V. - Netherlands
  • Sojitz Corporation - Japan
  • Bahari Cakrawala Sebuku - Indonesia
  • Baramulti Group, Indonesia
  • GVK Power & Infra Limited - India
  • Standard Chartered Bank - UAE
  • Gujarat Electricity Regulatory Commission - India
  • Merrill Lynch Commodities Europe
  • Indika Energy - Indonesia
  • Cardiff University - UK
  • WorleyParsons
  • Medco Energi Mining Internasional
  • Siam City Cement PLC, Thailand
  • Inco-Indonesia
  • Samsung - South Korea
  • Coal India Limited
  • Mintek Dendrill Indonesia
  • Videocon Industries ltd - India
  • Intertek Mineral Services - Indonesia
  • Thiess Contractors Indonesia
  • Reliance Power - India
  • San Jose City I Power Corp, Philippines
  • Energy Development Corp, Philippines
  • Thailand Anthracite
  • Bukit Baiduri Energy - Indonesia
  • Jaiprakash Power Ventures ltd
  • Neyveli Lignite Corporation Ltd, - India
  • JPower - Japan
  • Madhucon Powers Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Thai Mozambique Logistica
  • Permata Bank - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • EIA - United States
  • SUEK AG - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Sical Logistics Limited - India
  • Attock Cement Pakistan Limited
  • GN Power Mariveles Coal Plant, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Total Coal South Africa
  • Grasim Industreis Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kobe Steel Ltd - Japan
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Electricity Generating Authority of Thailand
  • Samtan Co., Ltd - South Korea
  • CNBM International Corporation - China
  • Economic Council, Georgia
  • Vijayanagar Sugar Pvt Ltd - India
  • APGENCO India
  • Humpuss - Indonesia
  • DBS Bank - Singapore
  • Directorate Of Revenue Intelligence - India
  • TNPL - India
  • Idemitsu - Japan
  • Dalmia Cement Bharat India
  • Coalindo Energy - Indonesia
  • TeaM Sual Corporation - Philippines
  • The Treasury - Australian Government
  • Asian Development Bank
  • Chamber of Mines of South Africa
  • Billiton Holdings Pty Ltd - Australia
  • CESC Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Energy Link Ltd, New Zealand
  • Mitsui
  • OCBC - Singapore
  • EMO - The Netherlands
  • Asia Cement - Taiwan
  • Orica Australia Pty. Ltd.
  • Ministry of Finance - Indonesia
  • Kideco Jaya Agung - Indonesia
  • SGS (Thailand) Limited
  • Arch Coal - USA
  • Inspectorate - India
  • Planning Commission, India
  • SASOL - South Africa
  • Timah Investasi Mineral - Indoneisa
  • IOL Indonesia
  • Australian Coal Association
  • Alfred C Toepfer International GmbH - Germany
  • Indonesia Power. PT
  • Coaltrans Conferences
  • Rudhra Energy - India
  • Port Waratah Coal Services - Australia
  • Cement Manufacturers Association - India
  • Gujarat Mineral Development Corp Ltd - India
  • SMG Consultants - Indonesia
  • Bangladesh Power Developement Board
  • Salva Resources Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • Electricity Authority, New Zealand
  • Bank of America
  • South Luzon Thermal Energy Corporation
  • Kaltim Prima Coal - Indonesia
  • Runge Indonesia
  • Malco - India
  • Infraline Energy - India
  • Anglo American - United Kingdom
  • CCIC - Indonesia
  • Coeclerici Indonesia
  • ACC Limited - India
  • Indian Oil Corporation Limited
  • ASAPP Information Group - India
  • PowerSource Philippines DevCo
  • Japan Coal Energy Center
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Uttam Galva Steels Limited - India
  • GNFC Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • TGV SRAAC LIMITED, India
  • Metalloyd Limited - United Kingdom
  • IEA Clean Coal Centre - UK
  • GB Group - China
  • BRS Brokers - Singapore
  • Sarangani Energy Corporation, Philippines
  • Sree Jayajothi Cements Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Mjunction Services Limited - India
  • Indonesian Coal Mining Association
  • Central Electricity Authority - India
  • Pinang Coal Indonesia
  • Australian Commodity Traders Exchange
  • PLN - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Kalimantan Lumbung Energi - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Thermax Limited - India
  • Cemex - Philippines
  • Independent Power Producers Association of India