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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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Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led t ...
Saturday, 09 October 21
CHINA POWER CUTS: COAL MINERS ORDERED TO BOOST OUTPUT, SAY REPORTS - BBC
Beijing has reportedly ordered China’s coal mines to boost output as an energy shortage across the country has seen millions of homes and bus ...
Friday, 08 October 21
SEPTEMBER CRUDE OIL TANKER DEMOLISHING HITS 39-MONTHS HIGH AT 1.9M DWT - PETER SAND
Has the lid finally come off for crude oil tanker demolition in 2021? If judged by the 1.9m DWT of capacity that was removed in September, the answ ...
Friday, 08 October 21
COAL SHORTAGE MAY LEAD TO RISE IN STEEL PRICES IN COMING MONTHS: JSPL MD - PTI
Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry e ...
Wednesday, 06 October 21
INDONESIA COAL PRICE REFERENCE: ANOTHER MONTH, ANOTHER RALLY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second and third quarters of 2021 as it reached a pinnacle of $161.63 Oc ...
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- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Planning Commission, India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
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- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
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- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
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- GMR Energy Limited - India
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- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
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- Sojitz Corporation - Japan
- Parliament of New Zealand
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- Electricity Authority, New Zealand
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- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- White Energy Company Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
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- Sindya Power Generating Company Private Ltd
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- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
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- Metalloyd Limited - United Kingdom
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- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
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- Thai Mozambique Logistica
- Bhatia International Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
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- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
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- Agrawal Coal Company - India
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- Energy Link Ltd, New Zealand
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