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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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Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
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- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
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