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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 prices beginning next year for medium and long-term contracts.
Stock of Inner Mongolia Yuan Xing Energy Co jumped 6.63 percent as of press time, Guanghui Energy was up 6.04 percent.
The market spike followed the release of a work plan addressing the signing of medium and long-term coal contracts in 2022, drafted by the National Development and Reform Commission (NDRC), China’s top economic planner.
The supply side will cover all coal production firms with an approved production capacity of 300,000 tons per year and above, and the demand side will achieve full coverage of coal for power generation and heating for the first time, according to a report by the Economic Information Daily on Monday.
The NDRC issued the plan for seeking public input during the National Coal Trade Fair, which concluded on Sunday in Rizhao, East China’s Shandong Province.
China will beef up efforts to ensure stable supply of coal and energy next year, according to officials attending the industry summit, with the main driver – the medium and long-term coal contracts – playing a key role in stabilizing the market.
The plan also set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per ton, with the benchmark price adjusted for the first time from 2017’s 535 yuan per ton to 700 yuan per ton.
The medium and long-term contracts refer to contracts signed by players on both the supply side and the demand side for a period of one year or longer with a clear quantity and price mechanism.
The adjustment partially filled the price difference between contracted coal and spot coal, and allows coal prices to fluctuate within a larger range. The market’s previous pessimistic sentiment regarding the strong supervision of coal contract prices has been significantly eased, and a more reasonable long-term agreement also helps stabilize the fluctuation range, according to an analysis note by Shengang Securities.
China has been pushing coal miners to ramp up output and increase imports to stabilize coal prices and ensure supply during the winter-heating season. Coal output reversed a falling trend to increase in October.
The volume of coal transported by rail and sea in China saw a surge in October and November, official data showed.
On average, about 86,300 trains loaded with coal had departed from local areas in China every day from November 1 to 15, an increase of around 10,000 trains, or 13.5 percent from last year, data from the China State Railway Group Co showed.
Port spot prices and futures prices for coal also fell rapidly.
“Although we see obvious effects in securing coal supply at the moment, there is still pressure and uncertainties in the future. After December, the northern region of the country will enter peak winter season, which will have higher demand for coal supply,” Lu Junling, head of the coal department of National Energy Administration, said at the coal fair, adding that coal firms should strengthen organic connection of production, transportation and supply.
Source: Global Times
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Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
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- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Planning Commission, India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- The University of Queensland
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
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