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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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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
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- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
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