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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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- White Energy Company Limited
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- GVK Power & Infra Limited - India
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- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- The University of Queensland
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- Pipit Mutiara Jaya. PT, Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
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- Ministry of Transport, Egypt
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- Independent Power Producers Association of India
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- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
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- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
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- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
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- Bayan Resources Tbk. - Indonesia
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- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Tata Chemicals Ltd - India
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- Savvy Resources Ltd - HongKong
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- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
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- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
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- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
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- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
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- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
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- Attock Cement Pakistan Limited
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- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
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- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
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- Sarangani Energy Corporation, Philippines
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- Intertek Mineral Services - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
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- LBH Netherlands Bv - Netherlands
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- CNBM International Corporation - China
- Australian Commodity Traders Exchange
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- Altura Mining Limited, Indonesia
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- ICICI Bank Limited - India
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- Energy Link Ltd, New Zealand
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- Economic Council, Georgia
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- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
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