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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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Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
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- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
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