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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 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...
Wednesday, 25 April 18
TANKER MARKET INSIGHT - THEODOROS NTALAKOS
We had the opportunity to be part of Intertanko's Hellenic Mediterranean Panel last week in the SNFCC and to present an outlook on the tanker f ...
Tuesday, 24 April 18
IMPORTING INDONESIAN COAL MAKES SENSE FOR INDIAN COASTAL PLANTS EVEN WHEN IT IS COSTLIER THAN INDIAN - ECONOMIC TIMES
Rising Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augur ...
Showing 1411 to 1415 news of total 6547
Metalloyd Limited - United Kingdom
Global Coal Blending Company Limited - Australia
Orica Mining Services - Indonesia
Dong Bac Coal Mineral Investment Coporation - Vietnam
Price Waterhouse Coopers - Russia
Coalindo Energy - Indonesia
Energy Link Ltd, New Zealand
Orica Australia Pty. Ltd.
PTC India Limited - India
Petron Corporation, Philippines
TeaM Sual Corporation - Philippines
Kumho Petrochemical, South Korea
Asia Pacific Energy Resources Ventures Inc, Philippines
AsiaOL BioFuels Corp., Philippines
Banpu Public Company Limited - Thailand
London Commodity Brokers - England
Bayan Resources Tbk. - Indonesia
Heidelberg Cement - Germany
Latin American Coal - Colombia
Electricity Authority, New Zealand
European Bulk Services B.V. - Netherlands
Marubeni Corporation - India
Sojitz Corporation - Japan
Offshore Bulk Terminal Pte Ltd, Singapore
Bangladesh Power Developement Board
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Goldman Sachs - Singapore
Borneo Indobara - Indonesia
GN Power Mariveles Coal Plant, Philippines
Pendopo Energi Batubara - Indonesia
Minerals Council of Australia
Vijayanagar Sugar Pvt Ltd - India
IEA Clean Coal Centre - UK
IHS Mccloskey Coal Group - USA
Ind-Barath Power Infra Limited - India
Kaltim Prima Coal - Indonesia
Bhoruka Overseas - Indonesia
Bhushan Steel Limited - India
Parry Sugars Refinery, India
Indo Tambangraya Megah - Indonesia
ASAPP Information Group - India
Siam City Cement - Thailand
Kohat Cement Company Ltd. - Pakistan
The State Trading Corporation of India Ltd
Globalindo Alam Lestari - Indonesia
Georgia Ports Authority, United States
Jorong Barutama Greston.PT - Indonesia
Gujarat Mineral Development Corp Ltd - India
Star Paper Mills Limited - India
Siam City Cement PLC, Thailand
Romanian Commodities Exchange
Leighton Contractors Pty Ltd - Australia
Global Green Power PLC Corporation, Philippines
Ambuja Cements Ltd - India
SMC Global Power, Philippines
MS Steel International - UAE
VISA Power Limited - India
Formosa Plastics Group - Taiwan
Mjunction Services Limited - India
Barasentosa Lestari - Indonesia
Agrawal Coal Company - India
Billiton Holdings Pty Ltd - Australia
Jaiprakash Power Ventures ltd
Jindal Steel & Power Ltd - India
Coal and Oil Company - UAE
Riau Bara Harum - Indonesia
Toyota Tsusho Corporation, Japan
Binh Thuan Hamico - Vietnam
Sinarmas Energy and Mining - Indonesia
Maheswari Brothers Coal Limited - India
McConnell Dowell - Australia
Indian Energy Exchange, India
India Bulls Power Limited - India
CIMB Investment Bank - Malaysia
Indika Energy - Indonesia
SN Aboitiz Power Inc, Philippines
Maharashtra Electricity Regulatory Commission - India
Renaissance Capital - South Africa
Makarim & Taira - Indonesia
Trasteel International SA, Italy
The Treasury - Australian Government
LBH Netherlands Bv - Netherlands
Dalmia Cement Bharat India
Sree Jayajothi Cements Limited - India
Therma Luzon, Inc, Philippines
Power Finance Corporation Ltd., India
Asmin Koalindo Tuhup - Indonesia
Port Waratah Coal Services - Australia
Bahari Cakrawala Sebuku - Indonesia
Sakthi Sugars Limited - India
Planning Commission, India
Miang Besar Coal Terminal - Indonesia
Edison Trading Spa - Italy
Anglo American - United Kingdom
ICICI Bank Limited - India
Krishnapatnam Port Company Ltd. - India
Aditya Birla Group - India
Attock Cement Pakistan Limited
TNB Fuel Sdn Bhd - Malaysia
Sindya Power Generating Company Private Ltd
Global Business Power Corporation, Philippines
Electricity Generating Authority of Thailand
Eastern Coal Council - USA
Simpson Spence & Young - Indonesia
Economic Council, Georgia
Cement Manufacturers Association - India
Altura Mining Limited, Indonesia
New Zealand Coal & Carbon
Karbindo Abesyapradhi - Indoneisa
Uttam Galva Steels Limited - India
Rio Tinto Coal - Australia
Essar Steel Hazira Ltd - India
International Coal Ventures Pvt Ltd - India
Mercuria Energy - Indonesia
Truba Alam Manunggal Engineering.Tbk - Indonesia
Australian Coal Association
Posco Energy - South Korea
Medco Energi Mining Internasional
Ministry of Finance - Indonesia
Karaikal Port Pvt Ltd - India
Indonesian Coal Mining Association
Bulk Trading Sa - Switzerland
Bukit Baiduri Energy - Indonesia
Energy Development Corp, Philippines
Kobexindo Tractors - Indoneisa
Standard Chartered Bank - UAE
Salva Resources Pvt Ltd - India
Straits Asia Resources Limited - Singapore
Merrill Lynch Commodities Europe
Tata Chemicals Ltd - India
Semirara Mining Corp, Philippines
Meralco Power Generation, Philippines
Lanco Infratech Ltd - India
PNOC Exploration Corporation - Philippines
Mercator Lines Limited - India
Kalimantan Lumbung Energi - Indonesia
CNBM International Corporation - China
Directorate General of MIneral and Coal - Indonesia
White Energy Company Limited
Ministry of Mines - Canada
Directorate Of Revenue Intelligence - India
Interocean Group of Companies - India
GMR Energy Limited - India
Ceylon Electricity Board - Sri Lanka
Iligan Light & Power Inc, Philippines
Gujarat Electricity Regulatory Commission - India
Chettinad Cement Corporation Ltd - India
Bukit Asam (Persero) Tbk - Indonesia
SMG Consultants - Indonesia
PetroVietnam Power Coal Import and Supply Company
Savvy Resources Ltd - HongKong
Africa Commodities Group - South Africa
San Jose City I Power Corp, Philippines
Wood Mackenzie - Singapore
Singapore Mercantile Exchange
Grasim Industreis Ltd - India
Malabar Cements Ltd - India
Kideco Jaya Agung - Indonesia
Eastern Energy - Thailand
Kepco SPC Power Corporation, Philippines
Bharathi Cement Corporation - India
Ministry of Transport, Egypt
Videocon Industries ltd - India
OPG Power Generation Pvt Ltd - India
Baramulti Group, Indonesia
Aboitiz Power Corporation - Philippines
Pipit Mutiara Jaya. PT, Indonesia
Kartika Selabumi Mining - Indonesia
Central Electricity Authority - India
Bukit Makmur.PT - Indonesia
Sical Logistics Limited - India
Thai Mozambique Logistica
Timah Investasi Mineral - Indoneisa
Larsen & Toubro Limited - India
Madhucon Powers Ltd - India
GAC Shipping (India) Pvt Ltd
Deloitte Consulting - India
Vedanta Resources Plc - India
Tamil Nadu electricity Board
The University of Queensland
Commonwealth Bank - Australia
Coastal Gujarat Power Limited - India
Cigading International Bulk Terminal - Indonesia
Holcim Trading Pte Ltd - Singapore
Bhatia International Limited - India
Neyveli Lignite Corporation Ltd, - India
Bank of Tokyo Mitsubishi UFJ Ltd
Meenaskhi Energy Private Limited - India
Thiess Contractors Indonesia
Alfred C Toepfer International GmbH - Germany
Intertek Mineral Services - Indonesia
Dr Ramakrishna Prasad Power Pvt Ltd - India
PowerSource Philippines DevCo
Oldendorff Carriers - Singapore
Petrochimia International Co. Ltd.- Taiwan
Parliament of New Zealand
Xindia Steels Limited - India
Central Java Power - Indonesia
Australian Commodity Traders Exchange
Gujarat Sidhee Cement - India
Wilmar Investment Holdings
Sarangani Energy Corporation, Philippines
South Luzon Thermal Energy Corporation
Mintek Dendrill Indonesia
GVK Power & Infra Limited - India
Semirara Mining and Power Corporation, Philippines
Antam Resourcindo - Indonesia
Rashtriya Ispat Nigam Limited - India
Indian Oil Corporation Limited
Indogreen Group - Indonesia
Carbofer General Trading SA - India
Independent Power Producers Association of India
Samtan Co., Ltd - South Korea
Manunggal Multi Energi - Indonesia
Kapuas Tunggal Persada - Indonesia
Vizag Seaport Private Limited - India
Chamber of Mines of South Africa