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Wednesday, 03 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of coal suppliers, as the latest government’s clampdown on market speculation and hoarding to curb tight power supplies as the winter dawns.
At present, multiple testing and trial operations have been carried out on the medium and long-term coal contract performance data system. The platform is expected to be officially launched in early November to conduct closed-loop supervision of coal contrast across the country, the National Development and Reform Commission (NDRC) announced on its official WeChat account on Sunday.
In the future, relevant state departments will use the system to record fraudulent and other related violations of laws and regulations in credit records and incorporate them into the national credit information sharing platform, as well as publish them on the “Credit China” website.
The data monitoring system for medium and long-term coal contract performance has been developed and improved by the National Public Credit Information Center and the National Coal Trading Center, under the instruction of the NDRC.
The launch of the system has been praised by industry experts who believe it will effectively resolve the high coal price and smooth the market flow.
“Some companies originally signed agreements with power plants, but because of high coal prices, they temporarily refused to implement them to seek bigger profits. However, such situation will be greatly improved after the system is launched,” Han Xiaoping, chief analyst at energy industry website china5e.com, told the Global Times on Friday.
Han noted that one major hurdle on coal supply lies in those medium- and long-term contracts which often offer a relatively low price.
Speculation and hoarding are the main disruptions in market and will also be further eased after the launch.
In the third quarter alone, the main contract price rose from 735.6 yuan ($115) per ton to a maximum of 1,408.2 yuan ($220), nearly double, according to media reports.
Against this background, performance by the coal industry in Q3 was naturally shining and net profit growth rate of most companies doubled.
The Chinese government has taken measures to secure coal supplies as the top national priority which was followed by import expansion, price capping policy, and market supervision on illegal inventories.
With the gradual improvement of the supply and demand, the level of coal storage in power plants nationwide has rapidly increased. Since October 5, the coal supply for power plants across the country has exceeded coal consumption for 25 consecutive days.
Based on the recent coal supply level, coal storage in power plants is expected to exceed 110 million tons within 3 days reaching a supply of 20 days, a solid foundation to ensure the safe supply of electricity in winter, media reports.
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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- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
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