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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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Tuesday, 14 December 21
COAL LOCK-IN IN SOUTHEAST ASIA PRESENTS A CHALLENGE FOR THE ASIAN DEVELOPMENT BANK'S COAL RETIREMENT PLAN - IEEFA
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire ...
Saturday, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
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- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Deloitte Consulting - India
- Australian Coal Association
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- ASAPP Information Group - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
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