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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 $1.46 billion coal deal with China in November. The Indonesian Coal Mining Association said in 2021, coal exports to China will increase by 200 million tons.
Russian suppliers plan to increase production to export more to China.
In addition to traditional exporters, newcomers like Kazakhstan have emerged. Kazakhstan's Ministry of Industry and Infrastructural Development announced plans to increase coal output to 120 million tons this year, with 38 million tons for export.
Source: Global Times
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Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
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- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Australian Coal Association
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
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