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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, 12 August 20
U.S. COAL PRODUCTION IN 2020 WILL DECREASE BY 29% FROM 2019 LEVELS TO 502 MMST - EIA
U.S. coal consumption, which dropped to its lowest point since April, totaled 95 MMst in the second quarter of 2020.
EIA expec ...
Tuesday, 11 August 20
BHP COAL ASSETS WORTH A BILLION LESS THAN JUST TWO YEARS AGO - IEEFA
Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting & ...
Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...
Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...
Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
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- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Australian Coal Association
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Planning Commission, India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
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