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Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the country will need to consume more of the dirty fossil fuel to power its economic growth.
The world’s second-largest economy and its biggest coal consumer churned out a historically high 4.07 billion tonnes in 2021 after Beijing sought to tame the runaway coal prices and to ease a nationwide power crunch in the second half of the year.
“China’s coal output will maintain a moderate increase in 2022,” said China National Coal Association (CNCA), an industry body mainly representing Chinese coal miners, in a report.
Top Chinese officials have said that China will make full use of coal as a vital part of its energy strategy despite pledges of bringing the country’s carbon emissions to a peak by 2030.
The national coal association did not give a forecast of coal output level in 2022. It expected some big and modern coal mines in northern and northwestern China to add production capacity this year and production efficiency at coal mines to improve.
China’s state planner in early March said it will keep coal output at a record level of more than 12 million tonnes a day.
The industry body also forecast that Chinese coal demand will rise, albeit at a slower pace, in 2022, as Beijing has vowed to “strictly and rationally control the increase of coal consumption” to balance energy security and climate targets.
“It is possible that some regions might experience supply shortage in some periods as a result of factors such as global energy supply situation, safety and environmental policies, COVID-19 cases and renewable power generation,” CNCA said.
Source: Reuters
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Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...
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SMC Global Power, Philippines
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Commonwealth Bank - Australia
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Australian Coal Association
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Samtan Co., Ltd - South Korea
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The State Trading Corporation of India Ltd
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Central Electricity Authority - India
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Lanco Infratech Ltd - India
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Alfred C Toepfer International GmbH - Germany
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Indika Energy - Indonesia
Jaiprakash Power Ventures ltd
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Edison Trading Spa - Italy
Gujarat Sidhee Cement - India
Truba Alam Manunggal Engineering.Tbk - Indonesia
Parliament of New Zealand
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Semirara Mining Corp, Philippines
CNBM International Corporation - China
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Petron Corporation, Philippines
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Altura Mining Limited, Indonesia
Essar Steel Hazira Ltd - India
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White Energy Company Limited
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Savvy Resources Ltd - HongKong
Parry Sugars Refinery, India
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TNB Fuel Sdn Bhd - Malaysia
Bayan Resources Tbk. - Indonesia
Gujarat Electricity Regulatory Commission - India
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GMR Energy Limited - India
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Thiess Contractors Indonesia
Power Finance Corporation Ltd., India
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IEA Clean Coal Centre - UK
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International Coal Ventures Pvt Ltd - India
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Medco Energi Mining Internasional
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Larsen & Toubro Limited - India
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Orica Australia Pty. Ltd.
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Vijayanagar Sugar Pvt Ltd - India
Singapore Mercantile Exchange
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Thai Mozambique Logistica
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Planning Commission, India
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