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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, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the ...
Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
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- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Planning Commission, India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
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