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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, 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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- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- PTC India Limited - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- White Energy Company Limited
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Planning Commission, India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
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