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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
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Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- SMG Consultants - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Trasteel International SA, Italy
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- PowerSource Philippines DevCo
- Australian Coal Association
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- Bangladesh Power Developement Board
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- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
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- The Treasury - Australian Government
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- SMC Global Power, Philippines
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- The University of Queensland
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- Ministry of Transport, Egypt
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- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
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- Mercuria Energy - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
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- Planning Commission, India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
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- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
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- Goldman Sachs - Singapore
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- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
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- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
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- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
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- India Bulls Power Limited - India
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- Parliament of New Zealand
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- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
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- Kapuas Tunggal Persada - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
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- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
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- The State Trading Corporation of India Ltd
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- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
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- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
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- Indian Oil Corporation Limited
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- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
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