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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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Thursday, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...
Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...
Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...
Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
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- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- The University of Queensland
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
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