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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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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 c ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
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 yua ...
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- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Bhatia International Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
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