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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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- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
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