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Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with capped prices as COVID-19 restrictions and higher renewables output dented demand for coal-fired power.
China imported 18.98 million tonnes of coal last month, compared to 28.93 million tonnes in June 2021, data from the General Administration of Customs showed on Wednesday.
Over the first half of 2022, China imported 115 million tonnes of the fuel, 17.5% lower than a year ago.
The decline in coal imports came after Beijing’s rigorous regulation of domestic coal prices. It capped thermal coal with a heating value of 5,500 kilocalories (kcal) at northern Chinese ports at 770 yuan ($114.60) a tonne under long-term contracts and at around 1,200 yuan for spot shipments.
In contrast, benchmark Newcastle 5,500 kcal thermal coal traded at an average of $402.50 a tonne on a free-on-board basis in June, boosted by a global fuel shortage in the wake of the Ukraine crisis.
“Chinese traders don’t have many incentives to buy seaborne coal given the unfavorable prices, and the rise of dollar makes imported cargoes even more expensive,” said a Singapore-based coal trader.
Thermal power generation, mostly from coal-based utilities, plunged 11% in May from a year ago because of surging hydropower output and a drop in total power production during COVID-19 lockdowns.
With temperatures rising in China, however, utilities have increased coal tender issuances for late-July and August arrivals, to prepare for a pick-up in power demand as households turn on air conditioners. But most of the tenders are seeking lower priced and lower quality coal from Indonesia.
Daily coal consumption has climbed to about 2 million tonnes in early July, similar to the same period last year, according to data compiled by the China Coal Transportation and Distribution Association (CCTD).
Source: Reuters
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Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...
Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...
Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...
Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...
Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
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- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Planning Commission, India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
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