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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yuan ($156.3) per ton. The agency also announced that coal inventories at major coal-fired plants have topped 100 million tons.
The National Development and Reform Commission (NDRC), China’s top economic planning agency, said the production costs for coal are “significantly” lower than the current spot price level.
Late on Friday, the NDRC said coal-fired plants under a national dispatch and distribution system saw their inventories rising to historic highs, returning to the level of above 100 million tons in recent days, as the nation prioritizes the production and transportation of coal.
At the current level, coal inventories are 25 million tons more than what was recorded at the end of September, when the shortage of coal was acute.
Coal inventories at thermal plants in Northeast China where the need for winter heating is more urgent have nearly doubled, according to the NDRC.
The NDRC made the statement on coal prices based on its initial findings from a recent probe into coal production costs from all the coal-producing provinces and major coal producers in China.
The most traded thermal coal contract for delivery in January 2022 at the Zhengzhou Commodity Exchange closed at 973 yuan per ton, almost half its peak level of 2,000 yuan per ton recently. Speculation was believed to be part of the reason for runaway coal prices.
The NDRC is also studying a coal price intervention scheme with a proposed benchmark guidance price of 440 yuan per ton at ex-pit levels.
Coal futures prices have fallen amid a slew of NDRC announcements during the past two weeks.
High coal prices have been pushing up production costs for downstream industries, as well as having negative effects on winter heating and electricity supply.
The Port of Qinhuangdao, a vital transit port for coal mined in northern China to be sent to thermal power plants in southern China, saw coal inventories steadily increasing since mid-October, with inventories reaching 4.72 million tons by Friday and set to exceed 5 million tons by the end of this week.
Source: Global Times
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Thursday, 11 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 ...
Tuesday, 09 November 21
ASIA-PACIFIC IS HOME TO SOME OF THE WORLD'S LARGEST CARBON-EMITTERS - 2 CHARTS SHOW ITS RELIANCE ON COAL - CNBC
Asia-Pacific is home to some of the world’s largest carbon emitters — and experts say much of global efforts to fight climate change de ...
Tuesday, 09 November 21
CHINA DAILY COAL OUTPUT HITS MULTI-YEAR PEAK, PRICES EXPECTED TO FALL - REUTERS
China’s daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner sai ...
Thursday, 04 November 21
CHINA'S COAL MARKET SEES SIGNIFICANT IMPROVEMENTS: NDRC - GLOBAL TIMES
China’s top economic planner has declared initial success in its efforts to ensure coal supply and stabilize prices, saying that daily coal o ...
Thursday, 04 November 21
CHINA THERMAL COAL PRICES RISE AFTER FALLING FOR 10 DAYS - REUTERS
China thermal coal futures rebounded on Wednesday after falling for 10 days on an expected jump in fuel demand to meet heating needs amid forecasts ...
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- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
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