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Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s top economic planner sent an even harsher message on Friday, saying it will severely punish violations of price rules.
The National Development and Reform Commission (NDRC) said at the meeting, attended by some key coal companies, that they should set prices reasonably, and severe penalties will be imposed for those who engage in profiteering.
NDRC said that it will assign several investigation teams to major coal provinces for on-site investigations on the cost of production and circulation, as well as the profits, to provide a reference for the reasonable range of coal prices.
The most-traded thermal coal futures contract dropped to its daily limit for the third day in a row on Friday. As of press time, the price was 1,365 yuan ($213) per ton, which is more than 30 percent lower than the record price of 1,982 yuan per ton on Tuesday.
“The price is down now, but still high, and a price above 1,000 yuan can be regarded as high,” Han Xiaoping, chief analyst at energy industry website china5e.com, told the Global Times on Friday.
Supply is not a big issue, for coal mines such as in North China’s Inner Mongolia Autonomous Region have many open-pit coal mines, which can quickly produce. But speculation is behind soaring prices, and that is the target for the government crackdown, Han said. He added that last year, the futures price was 500 yuan per ton for a while.
China’s top economic planner on Friday required the local government of Yulin, Northwest China’s Shaanxi Province to investigate price hike rumors which claimed that some mines had suspended production.
Market insiders said coal prices will turn around because different departments are taking measures to curb the prices, and major provinces with abundant sources are considering increasing supplies.
The impact on the coal market of such policies would continue over the short term, according to Ruida Futures. The start of peak-demand winter months for thermal coal consumption will still underpin coal prices, while a gradual increase in coal production, especially amid the ongoing push to maintain supplies, suggests coal prices will return to normal, Ruida Futures said.
Data from the energy bureau of Inner Mongolia showed that since September, its coal production has increased significantly, with average daily coal production exceeding 2.8 million tons, an increase of about 300,000 tons over the previous two months. In early October, coal production further increased, reaching 3 million tons a day, and the annual output is expected to reach at least 1.05 billion tons.
Four leading coal producers, state-owned CHN Energy, China National Coal Group Corporation, Jinneng Holding Group, and private-owned Inner Mongolia Yitai Group Company, on Thursday openly pledged to strictly observe a price ceiling for thermal coal and ensure coal supplies.
However, such measures have not capped spot coal prices, an anonymous insider from a power generation enterprise told the Global Times on Friday, saying that the supply and demand gap is too wide. Nevertheless, there is also less clean energy power this year.
Feng Libing, the general manager of Anyi Coal Mine Company in Jiexiu, North China’s Shanxi Province, told the Global Times on Friday that buyers are still seeking coal, and supply remains tight. “It may take time for the market to ease,” he said.
Source: Global Times
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Wednesday, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity a ...
Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soare ...
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- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
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