We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 credit metrics in 2021. However, the magnitude may vary as they have different risk exposure to coal-price fluctuations from factors such as fuel mix, business and geographical diversification, degree of integration and coal procurement strategy.
The Chinese benchmark Qinhuangdao 5,500 kcal/kg coal price surged 66% yoy to CNY942/tonne by end-July 2021. Power gencos with higher capacity contribution from coal-fired power and less integration into the coal-mining business are more vulnerable to the coal price rally.
However, their coal procurement strategies may partly mitigate the adverse impact. Some power gencos maintain a high share of procurement via long-term contracts, which, to some extent, can mitigate their lack of a natural hedge from having an upstream coal-mining business. Power gencos in coastal regions also use more imported coal, which is generally cheaper than domestic coal, while power gencos with assets in proximity to low-cost inland coal mines benefit from lower coal price volatility and transport costs.
Fitch expects rated Chinese power gencos’ leverage to rise in 2021 due to lower operating cash flow, reflecting the coal-price-driven profit decline, and higher capex to fund renewable investments. We expect most of the rated gencos’ Issuer Default Ratings (IDR) to remain intact due to their status as government-related entities or subsidiaries with IDRs linked directly or indirectly to the creditworthiness of their local governments under a top-down approach based on our Government-Related Entities Rating Criteria. However, standalone credit profile headroom for some entities may be reduced due to the elevated leverage.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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
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 i ...
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 ...
|
|
|
Showing 496 to 500 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
|
| |
| |
|