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Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from state-owned Pipe China showed on Wednesday, underscoring the stepped-up efforts from Chinese authorities to ensure industrial power supplies and residential heating as the winter peak season arrived earlier this year.
Despite higher global natural gas prices, industry observers said that prices and supplies in China, the world’s largest natural gas user, will remain stable, in particular for residential heating.
The country won’t face another power crunch similar to late October, when a temporary coal supply shortage led to production suspensions and disruptions to people’s lives, they said.
The 600-million-cubic-meter daily volume of natural gas delivered by Pipe China’s network was achieved 14 days earlier than in 2020, the company said. It plans to buy 11 bcm of natural gas between this month and next spring, which is equivalent to growth of 14.9 percent year-on-year.
In a statement sent to the Global Times on Monday, Chinese oil major Sinopec said the daily supply of natural gas had been boosted by an additional 11 million cubic meters to North China, and the nationwide supply had risen to 180 million cubic meters.
Last week, the natural gas storage facility of China National Petroleum Corp (CNPC) in Lamadian town, Daqing oil field – China’s first underground natural gas storage station with a supply capacity of 1 million cubic meters a day – started supplying China’s Northeast region, according to a statement on CNPC’s website.
“China has shored up natural gas supplies ahead of the winter season every year, but this year the work started earlier as global prices surged and supplies got tighter. This situation raised the urgency of preparing more storage capacity and expanding natural gas imports,” an industry insider surnamed Lin told the Global Times on Wednesday.
Some industry insiders estimated that China’s winter natural gas demand in 2021 will be 10 percent higher than last year.
Analysts stressed that China’s supply is able to meet demand, and while natural gas shortages are getting worse in Europe, people in China will be able to enjoy a warmer winter.
As of mid-November, the price of LNG in China contracted by 1.7 percent to 7,508.4 yuan ($1,176) a ton compared with the beginning of the month, according to the National Bureau of Statistics.
The National Development and Reform Commission, China’s economic planner, declared over the weekend that China has full confidence in ensuring supplies, including energy and vegetables for the winter and stabilizing prices.
As part of an effort to boost imports, Sinopec Corp signed a contract with the US’ Venture Global LNG in early November to buy 4 million tons of LNG annually for 20 years. It is the largest long-term LNG deal ever signed between China and the US.
Source: Global Times
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Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
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- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- GMR Energy Limited - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
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