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