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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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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-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 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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- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
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