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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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Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
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- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
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