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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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Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
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- Minerals Council of Australia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- PTC India Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
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