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Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising prices, an energy expert said following a meeting requiring coal plants to increase production to the maximum level.
The nation’s top economic planner, the National Development and Reform Commission (NDRC) convened a meeting of the coal department of the National Energy Administration, China Railway, state-owned generators, coal miners Shenhua China and China Coal Group, the world’s largest public coal terminal Qinhuangdao Port, and relevant associations on Wednesday, futures news site qhrb.com reported, citing people familiar with the matter.
The power generators said that coal prices are elevated, with the average exceeding 760 yuan ($116) per ton, according to the report. Coal inventories are low but daily consumption is high, and some companies said they desperately need coal for later this month and in May.
Some coal giants said that coal output in the first quarter rose 15 percent year-on-year, qhrb.com said.
“China’s brisk economy drove up power demand, causing tight coal supplies and rising prices,” Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University told the Global Times on Thursday.
Even though renewable energy for power generation is frequently discussed in relation to China’s carbon neutrality goal, Lin said that the contribution of such sources remains small.
In the first two months of 2020, electricity use in regions served by State Grid Corp of China grew 21.3 percent year-on-year, showing that China’s economy was firing on all cylinders.
Lin added that there is no coal shortage at present as China’s production capacity is enough, even if coal imports – which play a supplementary role – dropped in the first two months.
Official data revealed China’s coal imports dived 39.5 percent year-on-year to 41.126 million tons in January and February.
At Wednesday’s meeting, the NDRC told companies to increase coal production and set targets for them. It also said that coal prices should be stabilized and that producers should avoid price hikes, qhrb.com reported.
Coal imports should serve the domestic economy, the commission added.
Separately, the national coal transportation and distribution association summoned 12 companies on Thursday to learn about the coal market in Northeast China and the eastern part of the Inner Mongolia Autonomous Region.
Some companies vowed to strengthen the monitoring of coal demand, output and shipments, and they vowed to enhance emergency supplies of the fossil fuel.
Source: Global Times
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Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
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- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
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