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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 announced the preliminary results of a probe into the industry.
The National Development and Reform Commission (NDRC) had announced the probe a month ago, saying it wanted to standardise conduct in the energy index provider business as part of its crackdown on record-high coal prices that were a key contributor to widespread power shortages in China.
“Judging from the preliminary assessment and compliance review, some coal price index behaviour has non-compliance problems,” the NDRC said on Wednesday, adding that this had “misled the market and … caused the price increase to deviate from the fundamentals of supply and demand.”
It did not name any of the 12 companies it said had been probed or specify how some of them had been noncompliant.
Dozens of organisations provide coal pricing data in China and their assessments can be used by traders as a basis for physical transactions.
China’s thermal coal futures CZCcv1 hit a record high of 1,982 yuan ($310) a tonne on Oct. 19, which was more than five times higher than a year earlier. They have since more than halved to around 940 yuan as authorities signalled a willingness to intervene in pricing and ordered miners to boost output.
Thermal coal was trading up more than 5% by 1400 GMT in night trading on Wednesday and remains up around 80% year-to-date.
The NDRC said it would further verify the issues identified in its probe and take disciplinary measures such as publicly naming the companies found to be non-compliant.
Other possible measures include ordering rectifications by a certain date, suspending publication of an index and including companies on a list of “untrustworthy entities”, it said, adding that any illegal behaviour uncovered would be investigated in accordance with the law.
Source: Reuters
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Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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Bhoruka Overseas - Indonesia
The State Trading Corporation of India Ltd
Dalmia Cement Bharat India
Aboitiz Power Corporation - Philippines
Grasim Industreis Ltd - India
Therma Luzon, Inc, Philippines
South Luzon Thermal Energy Corporation
VISA Power Limited - India
Wilmar Investment Holdings
Rashtriya Ispat Nigam Limited - India
Alfred C Toepfer International GmbH - Germany
Sinarmas Energy and Mining - Indonesia
Metalloyd Limited - United Kingdom
Toyota Tsusho Corporation, Japan
International Coal Ventures Pvt Ltd - India
Malabar Cements Ltd - India
Trasteel International SA, Italy
Asia Pacific Energy Resources Ventures Inc, Philippines
Petrochimia International Co. Ltd.- Taiwan
Bayan Resources Tbk. - Indonesia
Bhatia International Limited - India
GMR Energy Limited - India
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Merrill Lynch Commodities Europe
Mercuria Energy - Indonesia
Medco Energi Mining Internasional
Energy Link Ltd, New Zealand
Energy Development Corp, Philippines
Essar Steel Hazira Ltd - India
Thai Mozambique Logistica
Port Waratah Coal Services - Australia
Vedanta Resources Plc - India
Makarim & Taira - Indonesia
PNOC Exploration Corporation - Philippines
San Jose City I Power Corp, Philippines
Sical Logistics Limited - India
Samtan Co., Ltd - South Korea
PowerSource Philippines DevCo
Goldman Sachs - Singapore
Kideco Jaya Agung - Indonesia
Ceylon Electricity Board - Sri Lanka
Orica Mining Services - Indonesia
Posco Energy - South Korea
TeaM Sual Corporation - Philippines
Singapore Mercantile Exchange
Electricity Authority, New Zealand
Indo Tambangraya Megah - Indonesia
Miang Besar Coal Terminal - Indonesia
Chettinad Cement Corporation Ltd - India
Sarangani Energy Corporation, Philippines
Carbofer General Trading SA - India
Sree Jayajothi Cements Limited - India
Star Paper Mills Limited - India
Price Waterhouse Coopers - Russia
Anglo American - United Kingdom
Kepco SPC Power Corporation, Philippines
Siam City Cement PLC, Thailand
Xindia Steels Limited - India
Bangladesh Power Developement Board
AsiaOL BioFuels Corp., Philippines
Tamil Nadu electricity Board
Manunggal Multi Energi - Indonesia
Jindal Steel & Power Ltd - India
Ministry of Mines - Canada
Kapuas Tunggal Persada - Indonesia
Orica Australia Pty. Ltd.
Gujarat Electricity Regulatory Commission - India
Deloitte Consulting - India
The Treasury - Australian Government
LBH Netherlands Bv - Netherlands
Attock Cement Pakistan Limited
Uttam Galva Steels Limited - India
Bulk Trading Sa - Switzerland
Cement Manufacturers Association - India
Krishnapatnam Port Company Ltd. - India
SMC Global Power, Philippines
Rio Tinto Coal - Australia
Straits Asia Resources Limited - Singapore
CNBM International Corporation - China
Timah Investasi Mineral - Indoneisa
Binh Thuan Hamico - Vietnam
Heidelberg Cement - Germany
Dong Bac Coal Mineral Investment Coporation - Vietnam
European Bulk Services B.V. - Netherlands
OPG Power Generation Pvt Ltd - India
Offshore Bulk Terminal Pte Ltd, Singapore
Banpu Public Company Limited - Thailand
Neyveli Lignite Corporation Ltd, - India
Mintek Dendrill Indonesia
Pipit Mutiara Jaya. PT, Indonesia
Borneo Indobara - Indonesia
Indonesian Coal Mining Association
TNB Fuel Sdn Bhd - Malaysia
Aditya Birla Group - India
Barasentosa Lestari - Indonesia
Kartika Selabumi Mining - Indonesia
Parry Sugars Refinery, India
Thiess Contractors Indonesia
Economic Council, Georgia
Pendopo Energi Batubara - Indonesia
Karaikal Port Pvt Ltd - India
Mercator Lines Limited - India
Maharashtra Electricity Regulatory Commission - India
IEA Clean Coal Centre - UK
Bank of Tokyo Mitsubishi UFJ Ltd
Semirara Mining Corp, Philippines
Bharathi Cement Corporation - India
ICICI Bank Limited - India
Wood Mackenzie - Singapore
The University of Queensland
Savvy Resources Ltd - HongKong
Larsen & Toubro Limited - India
Sojitz Corporation - Japan
Ambuja Cements Ltd - India
Chamber of Mines of South Africa
Planning Commission, India
Ind-Barath Power Infra Limited - India
Directorate General of MIneral and Coal - Indonesia
Maheswari Brothers Coal Limited - India
Gujarat Mineral Development Corp Ltd - India
Kalimantan Lumbung Energi - Indonesia
Global Coal Blending Company Limited - Australia
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Karbindo Abesyapradhi - Indoneisa
Vijayanagar Sugar Pvt Ltd - India
SMG Consultants - Indonesia
Jaiprakash Power Ventures ltd
Madhucon Powers Ltd - India
Kobexindo Tractors - Indoneisa
Altura Mining Limited, Indonesia
Central Java Power - Indonesia
New Zealand Coal & Carbon
Parliament of New Zealand
Electricity Generating Authority of Thailand
Kohat Cement Company Ltd. - Pakistan
Semirara Mining and Power Corporation, Philippines
Eastern Energy - Thailand
Riau Bara Harum - Indonesia
Africa Commodities Group - South Africa
Coastal Gujarat Power Limited - India
Indian Oil Corporation Limited
Indogreen Group - Indonesia
Edison Trading Spa - Italy
Commonwealth Bank - Australia
Independent Power Producers Association of India
Intertek Mineral Services - Indonesia
Bukit Makmur.PT - Indonesia
Videocon Industries ltd - India
Global Business Power Corporation, Philippines
Coal and Oil Company - UAE
Bhushan Steel Limited - India
IHS Mccloskey Coal Group - USA
Australian Coal Association
India Bulls Power Limited - India
Sindya Power Generating Company Private Ltd
Dr Ramakrishna Prasad Power Pvt Ltd - India
ASAPP Information Group - India
Iligan Light & Power Inc, Philippines
GAC Shipping (India) Pvt Ltd
Formosa Plastics Group - Taiwan
Meenaskhi Energy Private Limited - India
Globalindo Alam Lestari - Indonesia
GN Power Mariveles Coal Plant, Philippines
Ministry of Transport, Egypt
Sakthi Sugars Limited - India
Gujarat Sidhee Cement - India
Simpson Spence & Young - Indonesia
Lanco Infratech Ltd - India
Kumho Petrochemical, South Korea
Romanian Commodities Exchange
Marubeni Corporation - India
Baramulti Group, Indonesia
Bukit Baiduri Energy - Indonesia
Eastern Coal Council - USA
Power Finance Corporation Ltd., India
Bahari Cakrawala Sebuku - Indonesia
Ministry of Finance - Indonesia
Directorate Of Revenue Intelligence - India
Truba Alam Manunggal Engineering.Tbk - Indonesia
Georgia Ports Authority, United States
Coalindo Energy - Indonesia
Salva Resources Pvt Ltd - India
Tata Chemicals Ltd - India
White Energy Company Limited
Agrawal Coal Company - India
Indian Energy Exchange, India
MS Steel International - UAE
PetroVietnam Power Coal Import and Supply Company
PTC India Limited - India
Oldendorff Carriers - Singapore
Asmin Koalindo Tuhup - Indonesia
McConnell Dowell - Australia
Cigading International Bulk Terminal - Indonesia
Billiton Holdings Pty Ltd - Australia
Global Green Power PLC Corporation, Philippines
Antam Resourcindo - Indonesia
Central Electricity Authority - India
Petron Corporation, Philippines
Meralco Power Generation, Philippines
Bukit Asam (Persero) Tbk - Indonesia
Jorong Barutama Greston.PT - Indonesia
GVK Power & Infra Limited - India
Interocean Group of Companies - India
Mjunction Services Limited - India
Minerals Council of Australia
SN Aboitiz Power Inc, Philippines
Renaissance Capital - South Africa
London Commodity Brokers - England
CIMB Investment Bank - Malaysia
Australian Commodity Traders Exchange
Standard Chartered Bank - UAE
Latin American Coal - Colombia
Leighton Contractors Pty Ltd - Australia