COALspot.com keeps you connected across the coal world
  • NOVEMBER 2021 HBA FOR EXPORTS INCREASED BY $33.03% MOM, $85.79 YTM AND $183.50% YOY
  • NOVEMBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$215.01 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel to ease an energy crunch that is fuelling unprecedented factory gate inflation.
 
A widening power crisis in China – caused by shortages of coal, record high fuel prices and booming post-pandemic industrial demand as it shifts to greener fuels – has halted production at numerous factories including many supplying big global brands such as Apple Inc AAPL.O.
 
Soaring energy prices sent producer prices to their highest in at least 25 years in September, rising 10.7% from a year earlier, official data showed on Thursday.
 
Cold winter weather is likely to worsen the situation.
 
China’s National Meteorological Center on Wednesday forecast strong winds could knock the average temperature by as much as 14 degrees Celsius in large parts of the country this week.
 
The three northeastern provinces of Jilin, Heliongjiang and Liaoning – among the worst hit by the power shortages last month – and several regions in northern China including Inner Mongolia and Gansu, have started winter heating, which is mainly fuelled by coal, to cope with the colder-than-normal weather.
 
Beijing has taken a slew of measures to contain coal price rises including raising domestic coal output, rationing of power at factories and assuring energy supplies will be secured for the winter heating season. B9N2QE019
 
China is confident of achieving full-year goals even though economic growth slowed in the third quarter, Premier Li Keqiang said, reiterating Beijing’s message that the country will ensure power supply this winter and next spring.
 
Earlier this week, China in its boldest step in a decades-long power sector reform said it would allow coal-fired power plants to pass on the high costs of generation to commercial and industrial end-users via market-driven electricity prices. That has boosted expectations among some this would encourage power generators to raise output.
 
Beijing will allow coal-fired power prices to fluctuate by up to 20% from base levels, an increase on previous limits.
 
However, others believe it still wouldn’t make up for the high costs of coal.
 
Efforts to restore power supplies in the country “relies a lot more on administrative pressure and orders than on economic incentives to power plants,” said Lauri Myllyvirta, lead analyst with the Centre for Research on Energy and Clean Air in Helsinki.
 
“At current coal prices, the tariff increase allowed by the wider price band is a modest sweetener at most.” Myllyvirta said adding “at 1500 yuan a tonne, the fuel cost per kilowatt hour is 0.6 to 0.7 yuan whereas the benchmarks are generally less than 0.4 yuan per unit.”
 
In a sign that consumer inflation is not indefinitely immune to broader price pressures, Foshan Haitian, China’s largest manufacturer of soy sauce, said this week it plans to raise prices by as much as 7% from Oct. 25 due to rising costs for raw materials, transportation and energy.
 
Beijing had been trying to reduce its reliance on polluting coal power in favour of cleaner wind, solar and hydro.
 
“Making sure people are warm and keep businesses running – that’s obvious, of course you need to that. Even as an environmentalist you don’t want to get into a situation where you risk turning society against the climate transition,” said Dimitri de Boer, chief China representative with the European environmental consultancy ClientEarth. “But that should be coupled with deploying renewables as fast as possible, to avoid similar situations in the future.”
 
Local governments in top Chinese coal producing areas Shanxi and Inner Mongolia have ordered some 200 mines to boost output but flooding in top coal producer Shanxi has worsened the supply outlook, with analysts expecting electricity shortages and rationing to continue into early next year.
 
Banks are giving loans to coal mines to support production increases. Shanxi Coking Coal Group in China’s top coal mining hub has received a 1 billion yuan ($155.30 million) bank loan for resuming operations from floods, according to a China central-bank backed newspaper on Wednesday.
 
Daily coal output has reached the highest since February at more than 11.2 million tonnes, while the total dispatchable coal inventory in the country can support about 15 days of use, a National Energy Administration official said on Wednesday. L1N2R90M0
 
China’s coal imports last month rose to their highest this year.
 
China would like to grow its coal trade with Mongolia, state news agency Xinhua reported on Tuesday. Beijing has also asked Russia to double electricity supplies in November-December, according to Russian news agency TASS on Thursday.
 
More than half of the regions in mainland China managed by State Grid have enforced power consumption cuts since last month.
 
The most-active January Zhengzhou thermal coal futures CZCc1 closed up 3.36% at 1,615.8 yuan per tonne on Thursday. The contract traded near record levels hit on Wednesday and have risen more than 200% year to date.
Source: Reuters


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hea ...


Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...


Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from stat ...


Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...


Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6477
News by Category
Popular News
 
Total Members : 27,652
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Power Finance Corporation Ltd., India
  • Freeport Indonesia
  • OCBC - Singapore
  • Sojitz Corporation - Japan
  • IOL Indonesia
  • Iligan Light & Power Inc, Philippines
  • Samsung - South Korea
  • GHCL Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Banpu Public Company Limited - Thailand
  • NALCO India
  • Thermax Limited - India
  • Maruti Cements - India
  • PTC India Limited - India
  • Bulk Trading Sa - Switzerland
  • EIA - United States
  • HSBC - Hong Kong
  • Credit Suisse - India
  • bp singapore
  • The Treasury - Australian Government
  • SMC Global Power, Philippines
  • Mitsubishi Corporation
  • Mitsui
  • Jindal Steel & Power Ltd - India
  • Mintek Dendrill Indonesia
  • Indorama - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Qatrana Cement - Jordan
  • Global Coal Blending Company Limited - Australia
  • Glencore India Pvt. Ltd
  • Baramulti Group, Indonesia
  • Altura Mining Limited, Indonesia
  • ING Bank NV - Singapore
  • Noble Europe Ltd - UK
  • Romanian Commodities Exchange
  • Karaikal Port Pvt Ltd - India
  • Energy Link Ltd, New Zealand
  • ASAPP Information Group - India
  • Coalindo Energy - Indonesia
  • Coal India Limited
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Moodys - Singapore
  • Chamber of Mines of South Africa
  • Asian Development Bank
  • Formosa Plastics Group - Taiwan
  • Total Coal South Africa
  • Mjunction Services Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • KEPCO - South Korea
  • Gupta Coal India Ltd
  • Coal and Oil Company - UAE
  • globalCOAL - UK
  • Posco Energy - South Korea
  • Berau Coal - Indonesia
  • Kumho Petrochemical, South Korea
  • Cigading International Bulk Terminal - Indonesia
  • Siam City Cement PLC, Thailand
  • Antam Resourcindo - Indonesia
  • The University of Queensland
  • Indo Tambangraya Megah - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Minerals Council of Australia
  • Semirara Mining Corp, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Savvy Resources Ltd - HongKong
  • GVK Power & Infra Limited - India
  • UBS Singapore
  • Jaiprakash Power Ventures ltd
  • Cardiff University - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Madhucon Powers Ltd - India
  • Anglo American - United Kingdom
  • Larsen & Toubro Limited - India
  • Eastern Energy - Thailand
  • Ceylon Electricity Board - Sri Lanka
  • TRAFIGURA, South Korea
  • Africa Commodities Group - South Africa
  • Mechel - Russia
  • LBH Netherlands Bv - Netherlands
  • Pinang Coal Indonesia
  • Aboitiz Power Corporation - Philippines
  • Sindya Power Generating Company Private Ltd
  • Platts
  • Ind-Barath Power Infra Limited - India
  • Tanito Harum - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • DBS Bank - Singapore
  • CESC Limited - India
  • APGENCO India
  • Lanco Infratech Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • IBC Asia (S) Pte Ltd
  • India Bulls Power Limited - India
  • Surastha Cement
  • ICICI Bank Limited - India
  • Indonesia Power. PT
  • Sarangani Energy Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • McKinsey & Co - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Deloitte Consulting - India
  • Straits Asia Resources Limited - Singapore
  • Kartika Selabumi Mining - Indonesia
  • TANGEDCO India
  • Platou - Singapore
  • Toyota Tsusho Corporation, Japan
  • Tata Chemicals Ltd - India
  • Bangkok Bank PCL
  • Attock Cement Pakistan Limited
  • Tamil Nadu electricity Board
  • Thomson Reuters GRC
  • Meralco Power Generation, Philippines
  • Bhatia International Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Port Waratah Coal Services - Australia
  • Vizag Seaport Private Limited - India
  • Jatenergy - Australia
  • Dalmia Cement Bharat India
  • BNP Paribas - Singapore
  • JPower - Japan
  • UOB Asia (HK) Ltd
  • Parry Sugars Refinery, India
  • Thai Mozambique Logistica
  • Maersk Broker
  • Bank of China, Malaysia
  • Australian Commodity Traders Exchange
  • Fearnleys - India
  • Bharathi Cement Corporation - India
  • Georgia Ports Authority, United States
  • OPG Power Generation Pvt Ltd - India
  • Indika Energy - Indonesia
  • Wilmar Investment Holdings
  • Ince & co LLP
  • Lafarge - France
  • J M Baxi & Co - India
  • Asmin Koalindo Tuhup - Indonesia
  • Electricity Generating Authority of Thailand
  • Standard Chartered Bank - UAE
  • Sree Jayajothi Cements Limited - India
  • Cargill India Pvt Ltd
  • Thailand Anthracite
  • Essar Steel Hazira Ltd - India
  • Maheswari Brothers Coal Limited - India
  • TGV SRAAC LIMITED, India
  • Kepco SPC Power Corporation, Philippines
  • Indogreen Group - Indonesia
  • MS Steel International - UAE
  • KPCL - India
  • Coal Orbis AG
  • Interocean Group of Companies - India
  • Shenhua Group - China
  • Cemex - Philippines
  • Reliance Power - India
  • Parliament of New Zealand
  • Indian Oil Corporation Limited
  • KOWEPO - South Korea
  • Singapore Mercantile Exchange
  • GB Group - China
  • Economic Council, Georgia
  • Videocon Industries ltd - India
  • Eastern Coal Council - USA
  • Enel Italy
  • Binh Thuan Hamico - Vietnam
  • Salva Resources Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Bukit Makmur.PT - Indonesia
  • Core Mineral Indonesia
  • Adaro Indonesia
  • Bayan Resources Tbk. - Indonesia
  • NTPC Limited - India
  • Meenaskhi Energy Private Limited - India
  • Cement Manufacturers Association - India
  • Metalloyd Limited - United Kingdom
  • Leighton Contractors Pty Ltd - Australia
  • Vitol - Bahrain
  • Globalindo Alam Lestari - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Kobexindo Tractors - Indoneisa
  • Bank of America
  • South Luzon Thermal Energy Corporation
  • Alfred C Toepfer International GmbH - Germany
  • Bhoruka Overseas - Indonesia
  • Riau Bara Harum - Indonesia
  • Clarksons - UK
  • Grasim Industreis Ltd - India
  • Carbofer General Trading SA - India
  • Wood Mackenzie - Singapore
  • Adani Power Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Latin American Coal - Colombia
  • Argus Media - Singapore
  • Mitra SK Pvt Ltd - India
  • Marubeni Corporation - India
  • ACC Limited - India
  • GNFC Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Krishnapatnam Port Company Ltd. - India
  • EMO - The Netherlands
  • CNBM International Corporation - China
  • Central Electricity Authority - India
  • Tata Power - India
  • Arutmin Indonesia
  • MEC Coal - Indonesia
  • PLN - Indonesia
  • Cosco
  • Inco-Indonesia
  • Petron Corporation, Philippines
  • World Bank
  • SMG Consultants - Indonesia
  • Idemitsu - Japan
  • Energy Development Corp, Philippines
  • Bhushan Steel Limited - India
  • Asia Cement - Taiwan
  • SN Aboitiz Power Inc, Philippines
  • Malco - India
  • Vale Mozambique
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Baiduri Energy - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Global Business Power Corporation, Philippines
  • Chettinad Cement Corporation Ltd - India
  • IEA Clean Coal Centre - UK
  • CCIC - Indonesia
  • Simpson Spence & Young - Indonesia
  • Indian School of Mines
  • Price Waterhouse Coopers - Russia
  • BRS Brokers - Singapore
  • Therma Luzon, Inc, Philippines
  • Planning Commission, India
  • Goldman Sachs - Singapore
  • Indonesian Coal Mining Association
  • Peabody Energy - USA
  • SGS (Thailand) Limited
  • Infraline Energy - India
  • The India Cements Ltd
  • ETA - Dubai
  • Rio Tinto Coal - Australia
  • Gresik Semen - Indonesia
  • Panama Canal Authority
  • Deutsche Bank - India
  • Electricity Authority, New Zealand
  • Directorate Of Revenue Intelligence - India
  • Britmindo - Indonesia
  • Geoservices-GeoAssay Lab
  • New Zealand Coal & Carbon
  • Bangladesh Power Developement Board
  • SRK Consulting
  • Gujarat Mineral Development Corp Ltd - India
  • Oldendorff Carriers - Singapore
  • Maybank - Singapore
  • Xstrata Coal
  • Coastal Gujarat Power Limited - India
  • Trasteel International SA, Italy
  • Humpuss - Indonesia
  • White Energy Company Limited
  • Ministry of Finance - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Mercuria Energy - Indonesia
  • Edison Trading Spa - Italy
  • Malabar Cements Ltd - India
  • PowerSource Philippines DevCo
  • Barasentosa Lestari - Indonesia
  • Aditya Birla Group - India
  • Kapuas Tunggal Persada - Indonesia
  • Kobe Steel Ltd - Japan
  • TNB Fuel Sdn Bhd - Malaysia
  • U S Energy Resources
  • Runge Indonesia
  • Shree Cement - India
  • Australian Coal Association
  • Rudhra Energy - India
  • Orica Australia Pty. Ltd.
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Barclays Capital - USA
  • Vedanta Resources Plc - India
  • KPMG - USA
  • Sucofindo - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • London Commodity Brokers - England
  • Uttam Galva Steels Limited - India
  • Sakthi Sugars Limited - India
  • Samtan Co., Ltd - South Korea
  • CoalTek, United States
  • WorleyParsons
  • Pipit Mutiara Jaya. PT, Indonesia
  • SASOL - South Africa
  • Sical Logistics Limited - India
  • Siam City Cement - Thailand
  • Vijayanagar Sugar Pvt Ltd - India
  • Coeclerici Indonesia
  • World Coal - UK
  • Kalimantan Lumbung Energi - Indonesia
  • PLN Batubara - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Gujarat Sidhee Cement - India
  • Jorong Barutama Greston.PT - Indonesia
  • Coaltrans Conferences
  • Japan Coal Energy Center
  • Heidelberg Cement - Germany
  • Merrill Lynch Commodities Europe
  • Ministry of Transport, Egypt
  • Directorate General of MIneral and Coal - Indonesia
  • TNPL - India
  • Orica Mining Services - Indonesia
  • Permata Bank - Indonesia
  • Mercator Lines Limited - India
  • IMC Shipping - Singapore
  • Star Paper Mills Limited - India
  • Ministry of Mines - Canada
  • Intertek Mineral Services - Indonesia
  • Thriveni
  • Central Java Power - Indonesia
  • Medco Energi Mining Internasional
  • SUEK AG - Indonesia
  • Ernst & Young Pvt. Ltd.
  • TeaM Sual Corporation - Philippines
  • PetroVietnam
  • Merrill Lynch Bank
  • Timah Investasi Mineral - Indoneisa
  • Borneo Indobara - Indonesia
  • Agrawal Coal Company - India
  • VISA Power Limited - India
  • McConnell Dowell - Australia
  • The State Trading Corporation of India Ltd
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thiess Contractors Indonesia
  • JPMorgan - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Independent Power Producers Association of India
  • Ambuja Cements Ltd - India
  • Renaissance Capital - South Africa
  • Russian Coal LLC
  • Indian Energy Exchange, India
  • Rashtriya Ispat Nigam Limited - India
  • Petrosea - Indonesia
  • San Jose City I Power Corp, Philippines
  • RBS Sempra - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Cebu Energy, Philippines
  • Xindia Steels Limited - India
  • Commonwealth Bank - Australia
  • Arch Coal - USA
  • Makarim & Taira - Indonesia
  • Inspectorate - India
  • IHS Mccloskey Coal Group - USA
  • PNOC Exploration Corporation - Philippines
  • CIMB Investment Bank - Malaysia
  • ANZ Bank - Australia
  • GMR Energy Limited - India