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Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, and has told miners and power plants to maximise signing up next year’s supplies via term contracts, Chinese media Caixin reported on Friday.
At a national coal trade fair on Friday, the National Development and Reform Commission (NDRC) set the benchmark 5,500 kilocal coal at 550-850 yuan per tonne for 2022, including the mean of prices ex-port at 700 yuan, as per the Caixin report.
Since late-October, Beijing has rolled out a series of interventions, including setting an immediate ex-mine price target and ordering rapid boost in production to cool red-hot prices, measures that have proven effective in easing a power shortage much feared of for this winter.
The NDRC did not immediately respond to a request for comment.
At 700 yuan, it compared to an earlier market expectation of 535 yuan and this year’s average at around 640 yuan, said a Singapore-based Chinese coal trader.
“We see the new term prices a result of rounds of negotiations between miners and utilities. For traders, at least it offers some level of price clarity going forward,” said the trader.
Using a mechanism of a benchmark price plus a floating range, the 2022 annual prices are subjected for monthly re-adjustments, the report added.
Power plants are asked to sign up full amount of supplies under term agreements except for the volumes they secure via imports.
Chinese thermal coal futures last traded at 854 yuan/tonne at 0700 GMT on Friday. The contract has largely traded rangebound between 800 and 1,000 yuan over the past month, having halved from record at nearly 2,000 yuan in mid-October.
Source: Reuters
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Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
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Iligan Light & Power Inc, Philippines
Karaikal Port Pvt Ltd - India
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Ind-Barath Power Infra Limited - India
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Ministry of Mines - Canada
Intertek Mineral Services - Indonesia
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IHS Mccloskey Coal Group - USA
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Star Paper Mills Limited - India
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Petron Corporation, Philippines
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Bayan Resources Tbk. - Indonesia
Africa Commodities Group - South Africa
Power Finance Corporation Ltd., India
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Price Waterhouse Coopers - Russia
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Coalindo Energy - Indonesia
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Eastern Coal Council - USA
Orica Australia Pty. Ltd.
Port Waratah Coal Services - Australia
Mercuria Energy - Indonesia
Indian Oil Corporation Limited
Lanco Infratech Ltd - India
PetroVietnam Power Coal Import and Supply Company
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Indika Energy - Indonesia
Neyveli Lignite Corporation Ltd, - India
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Toyota Tsusho Corporation, Japan
CNBM International Corporation - China
Wood Mackenzie - Singapore
Planning Commission, India
Latin American Coal - Colombia
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Mjunction Services Limited - India
Rashtriya Ispat Nigam Limited - India
TNB Fuel Sdn Bhd - Malaysia
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GN Power Mariveles Coal Plant, Philippines
Sarangani Energy Corporation, Philippines
Therma Luzon, Inc, Philippines
Holcim Trading Pte Ltd - Singapore
Banpu Public Company Limited - Thailand
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GMR Energy Limited - India
Bahari Cakrawala Sebuku - Indonesia
GVK Power & Infra Limited - India
Aboitiz Power Corporation - Philippines
Pipit Mutiara Jaya. PT, Indonesia
Miang Besar Coal Terminal - Indonesia
Sinarmas Energy and Mining - Indonesia
Truba Alam Manunggal Engineering.Tbk - Indonesia
Directorate Of Revenue Intelligence - India
Mercator Lines Limited - India
Gujarat Mineral Development Corp Ltd - India
Agrawal Coal Company - India
Kapuas Tunggal Persada - Indonesia
Essar Steel Hazira Ltd - India
MS Steel International - UAE
Straits Asia Resources Limited - Singapore
Kalimantan Lumbung Energi - Indonesia
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GAC Shipping (India) Pvt Ltd
Global Business Power Corporation, Philippines
Vedanta Resources Plc - India
SMC Global Power, Philippines
Trasteel International SA, Italy
Dong Bac Coal Mineral Investment Coporation - Vietnam
Chamber of Mines of South Africa
Energy Development Corp, Philippines
Videocon Industries ltd - India
Gujarat Sidhee Cement - India
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Australian Coal Association
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Malabar Cements Ltd - India
Aditya Birla Group - India
Sojitz Corporation - Japan
Economic Council, Georgia
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Ambuja Cements Ltd - India
Grasim Industreis Ltd - India
Eastern Energy - Thailand
Interocean Group of Companies - India
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Independent Power Producers Association of India
Thai Mozambique Logistica
ICICI Bank Limited - India
Bhatia International Limited - India
Vizag Seaport Private Limited - India
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San Jose City I Power Corp, Philippines
The Treasury - Australian Government
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International Coal Ventures Pvt Ltd - India
PNOC Exploration Corporation - Philippines
The State Trading Corporation of India Ltd
PowerSource Philippines DevCo
Attock Cement Pakistan Limited
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Xindia Steels Limited - India
European Bulk Services B.V. - Netherlands
AsiaOL BioFuels Corp., Philippines
Bhoruka Overseas - Indonesia
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Directorate General of MIneral and Coal - Indonesia
Vijayanagar Sugar Pvt Ltd - India
Global Coal Blending Company Limited - Australia
Indo Tambangraya Megah - Indonesia
Standard Chartered Bank - UAE
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Larsen & Toubro Limited - India
Bukit Asam (Persero) Tbk - Indonesia
TeaM Sual Corporation - Philippines
Indian Energy Exchange, India
Ministry of Finance - Indonesia
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Metalloyd Limited - United Kingdom
Bhushan Steel Limited - India
Timah Investasi Mineral - Indoneisa
Semirara Mining and Power Corporation, Philippines
Madhucon Powers Ltd - India
London Commodity Brokers - England
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Salva Resources Pvt Ltd - India
White Energy Company Limited
Semirara Mining Corp, Philippines
Binh Thuan Hamico - Vietnam
Coastal Gujarat Power Limited - India
Kohat Cement Company Ltd. - Pakistan
Ceylon Electricity Board - Sri Lanka
Marubeni Corporation - India
Jaiprakash Power Ventures ltd
Indonesian Coal Mining Association
Orica Mining Services - Indonesia
Formosa Plastics Group - Taiwan
CIMB Investment Bank - Malaysia
Baramulti Group, Indonesia
Energy Link Ltd, New Zealand
Sical Logistics Limited - India
LBH Netherlands Bv - Netherlands
Deloitte Consulting - India
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Cement Manufacturers Association - India
Petrochimia International Co. Ltd.- Taiwan
Tata Chemicals Ltd - India
Edison Trading Spa - Italy
Romanian Commodities Exchange
India Bulls Power Limited - India
McConnell Dowell - Australia
OPG Power Generation Pvt Ltd - India
SMG Consultants - Indonesia
Heidelberg Cement - Germany
Medco Energi Mining Internasional
Maheswari Brothers Coal Limited - India
Karbindo Abesyapradhi - Indoneisa
Posco Energy - South Korea
Sree Jayajothi Cements Limited - India
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Ministry of Transport, Egypt
The University of Queensland
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Siam City Cement PLC, Thailand
Dr Ramakrishna Prasad Power Pvt Ltd - India
Chettinad Cement Corporation Ltd - India
Carbofer General Trading SA - India
Gujarat Electricity Regulatory Commission - India
Kumho Petrochemical, South Korea
Jindal Steel & Power Ltd - India
South Luzon Thermal Energy Corporation
Asia Pacific Energy Resources Ventures Inc, Philippines
Parry Sugars Refinery, India
Minerals Council of Australia