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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-$133) per tonne, and has told miners and power plants to maximise signing up next year’s supplies via term contracts, Chinese media Caixin reported on Friday.
At a national coal trade fair on Friday, the National Development and Reform Commission (NDRC) set the benchmark 5,500 kilocal coal at 550-850 yuan per tonne for 2022, including the mean of prices ex-port at 700 yuan, as per the Caixin report.
Since late-October, Beijing has rolled out a series of interventions, including setting an immediate ex-mine price target and ordering rapid boost in production to cool red-hot prices, measures that have proven effective in easing a power shortage much feared of for this winter.
The NDRC did not immediately respond to a request for comment.
At 700 yuan, it compared to an earlier market expectation of 535 yuan and this year’s average at around 640 yuan, said a Singapore-based Chinese coal trader.
“We see the new term prices a result of rounds of negotiations between miners and utilities. For traders, at least it offers some level of price clarity going forward,” said the trader.
Using a mechanism of a benchmark price plus a floating range, the 2022 annual prices are subjected for monthly re-adjustments, the report added.
Power plants are asked to sign up full amount of supplies under term agreements except for the volumes they secure via imports.
Chinese thermal coal futures last traded at 854 yuan/tonne at 0700 GMT on Friday. The contract has largely traded rangebound between 800 and 1,000 yuan over the past month, having halved from record at nearly 2,000 yuan in mid-October.
Source: Reuters
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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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 ...
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- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
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- Jindal Steel & Power Ltd - India
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- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- The University of Queensland
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
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- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
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- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
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- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
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