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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, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
Wednesday, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...
Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...
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 stat ...
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 an ...
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- Posco Energy - South Korea
- Parliament of New Zealand
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- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
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- Indian Oil Corporation Limited
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- Commonwealth Bank - Australia
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- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
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- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
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- Ministry of Finance - Indonesia
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- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
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- White Energy Company Limited
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
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- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
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- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
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- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
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- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
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- New Zealand Coal & Carbon
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- India Bulls Power Limited - India
- Bhushan Steel Limited - India
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- The University of Queensland
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- The State Trading Corporation of India Ltd
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- Singapore Mercantile Exchange
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- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thiess Contractors Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
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- Kapuas Tunggal Persada - Indonesia
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- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
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- Bhatia International Limited - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
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