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Monday, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, an industry association said.
 
The China Coal Transportation and Distribution Association said in a notice late on Friday that the state-owned China Energy Investment Corp met with several other top producers to discuss ways to guarantee winter power supplies.
 
The association said rising market prices had put buyers under pressure, but suppliers were also facing “operating difficulties” as they try to fulfil contracted deliveries at a discount.
 
With coal demand set to surge as temperatures drop, China’s state planning body said on Tuesday that it would send investigators to the regions to ensure that supply and price stabilization measures were implemented properly.
 
The firms agreed to proceed from the point of view of maintaining stability and would do their utmost to meet their “social responsibilities” over the winter, the association said.
 
As part of a series of measures aimed at securing winter supplies, the National Development and Reform Commission is also allowing mines to increase their production capacity.
 
To make sure coal is delivered to regions that need it the most, producers and purchasers from China’s coal-dependent northeastern regions gathered in Beijing on Saturday to lock in supply contracts for the winter, state news agency Xinhua reported.
 
At a signing ceremony, medium- and long-term supply contracts were offered exclusively to power and heating providers in the northeast, where temperatures often drop to minus 20 degrees Celsius (minus 4 Fahrenheit).
Source: CNBC


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Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...


Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...


Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...


Friday, 12 November 21
RUSSIA-INDIA COKING COAL DEAL UNLIKELY TO IMPACT PANAMAX SHIPPING - DREWRY
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Dre ...


Friday, 12 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to ...


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