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Thursday, 23 September 21
LONGER COAL CONTRACTS MAY REIN IN PRICES - ECNS
In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel consumed by power generators and heat supplying companies is sourced under medium- and long-term contracts, a recent guideline released by the National Development and Reform Commission, the country’s top economic regulator, stated.
Wei Hanyang, a power market analyst at BloombergNEF, said,”The policy aims to curb the coal price surge, which could otherwise be unaffordable for power plants or lead to higher power tariffs, which are undesirable for the Chinese economy.”
Wei said the guideline has raised the contract requirements for both buyers and sellers of coal compared with the previous instruments.
He said the guideline is conducive to safeguarding the long-term interests of both suppliers and consumers of coal.
The NDRC ordered thermal power suppliers and heat suppliers to sign additional medium- and long-term coal agreements with coal producers based on their existing contracts this year, to ensure their annual coal consumption will be 100 percent covered by these deals.
The medium- and long-term contracts refer to contracts signed by players on both the supply side and the demand side for a period of one year or longer with a clear quantity and price mechanism, the NDRC guideline stated.
Wei said, “Coal companies are likely to be willing to surrender some margins, which is why a renewed contract for coal sales is needed, and now power plants can minimize exposure to any surges in the spot coal price.”
China has been experiencing coal shortages for more than three months with prices remaining at high levels, which place a heavy cost burden on utilities.
China’s coal prices soared to a record high this month and demand has also remained robust with power plants in northern parts of China beginning restocking ahead of the winter heating season.
The NDRC guideline encourages both sellers like coal producers and consumers of coal like power generators and heat suppliers to sign contracts for three years or longer periods. The supply volume of three-year or longer contracts should represent 30 percent of all medium- and long-term contracts, it said.
Last year, China’s coal consumption reached 4.04 billion tons, accounting for 56.8 percent of the total energy consumption.
The coal consumption in the power generating and heat supplying sectors is almost 2.38 billion tons, accounting for 59 percent of the country’s total coal consumption.
A high coal price would lead to a net loss for the electric heating supply enterprises and thus have an impact on the economy and people’s livelihood.
The proportion of coal consumption in China is expected to drop to about 51 percent by 2025, according to a report from the China Electric Power Planning& Engineering Institute.
Source: Ecns.cn
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Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten ...
Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.
According ...
Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...
Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Mos ...
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- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
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