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Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hearing meeting about further enhancing the market pricing mechanism amid the need for stabilizing long-term supply.
This came as the market price for coal has returned to a normal level, with the main thermal coal contract fell from 1,009 yuan ($158) per ton in early September to 840.8 yuan per ton as of Friday, a drop of about 17 percent.
The government guiding policy has effectively secured the power supply while ending the irrational prices augmented by tight supply, market speculation and hoarding, and other global factors.
In November, coal prices in the thermal coal market fell in response, and production price and shipping have also fallen to a large extent.
According to the statistics of the industry data platform MySteel, the price decline of coal production areas ranged from 180-400 yuan per ton in November compared with October or earlier months, and the decline at ports ranged from 125-155 yuan per ton.
The participating companies at the hearing meeting stated that the recent comprehensive measures taken by the state to strengthen coal market regulation and guide coal prices to gradually return to within a reasonable range have played an important role in ensuring the current safe and stable supply of energy, and also conducive to the sustainable and healthy development of the coal industry.
Further reform of pricing mechanism for long-term purpose was also advised by participating companies, which they believe will play a necessary mean in maintaining the price at a reasonable level while boosting the coordinated development of both up- and down streams of the domestic coal industry.
There is a high expectation that the corresponding policy for the mechanism will be soon finalized.
Since October, with the managed implementation of the state’s work to ensure supply and price stabilization, high-quality coal production capacity in the main production areas of Shanxi, Shaanxi and Inner Mongolia Autonomous Region has been gradually implemented, and the level of coal storage in downstream power plants and society has been continuously improved.
In October, the national raw coal output was 357.09 million tons, an increase of 4.0 percent year-on-year, according to the National Bureau of Statistics.
With the gradual improvement of domestic supply and demand pattern, coastal power plants are currently adjusting their inventory structure by increasing the purchase of high-calorie coal, and the overall pace of purchasing imported coal has slowed down. Industry insiders expected that by the end of November this year, coal storage in power plants may exceed the same period last year, reaching a historic high.
Source: Global Times
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Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...
Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...
Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...
Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...
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- Mjunction Services Limited - India
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- IEA Clean Coal Centre - UK
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- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
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- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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- Samtan Co., Ltd - South Korea
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- Eastern Coal Council - USA
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- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
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- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
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- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
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- LBH Netherlands Bv - Netherlands
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- GN Power Mariveles Coal Plant, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
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- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
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- Australian Coal Association
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- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
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- Indika Energy - Indonesia
- Ministry of Mines - Canada
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- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
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- Tamil Nadu electricity Board
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- Commonwealth Bank - Australia
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- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
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- CNBM International Corporation - China
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- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Thiess Contractors Indonesia
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- Georgia Ports Authority, United States
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- Bukit Makmur.PT - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
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