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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, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
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- Heidelberg Cement - Germany
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- The University of Queensland
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Australian Coal Association
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
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