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Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
 China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says in its latest China Power Watch report.
Total power consumption rose by 16.2% yoy in 1H21, or 7.6% based on a two-year CAGR, mainly driven by the industrial sector, which contributed 68% to total power consumption. This, together with higher residential demand on hot days, pushed peak loads to record high levels for many regional grids in 2Q21, when hydropower, the second largest contributor of power generation in China, was weak due to low waterflow. As a result, many places in China saw restrictions on power usage.
Tight power supply also reflects weak peak-load flexibility in China. However, China is stepping up efforts to improve the flexibility of its power system. Power generation companies (gencos) are upgrading thermal power plants and increasing peak shaving capacity. They are also investing in power storage projects to ensure stable power supply. The grid company State Grid Corporation of China (SGCC, A+/Stable) is increasing capex on grid infrastructure and we believe this will also enhance grid flexibility.
Coal prices also surged in 1H21 as market demand exceeded domestic production, which is further heightened by a 19.7% yoy decrease in import coal volume. High coal prices will squeeze gencos' profit due to lack of pass-through under the current tariff mechanism. Fitch expects this, together with power gencos' higher capex to fund renewable projects, will result in weakened 2021 credit metrics.
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Friday, 27 August 21
THE ECONOMICS OF INDONESIA’S DIESEL POWER PLANT TO GAS CONVERSION PLAN ARE PROBLEMATIC - IEEFA
Deploying new small-scale LNG is an uphill battle for PGN
Indonesian gas is currently in a precarious position, where the government needs to ...
Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Monday, 23 August 21
CHINESE COAL PRODUCTION RISES 4.9 PCT IN 1ST 7 MONTHS OF 2021 - NBS
Official figures demonstrated that the Chinese raw coal production surged 4.9 percent annually to 2.26 billion tonnes in the January-July period of ...
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- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- GMR Energy Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
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