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Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, but the volume dropped from a record high set in March.
The immediate outlook for demand is not strong, however.
China, the world’s top coal producer, mined 362.8 million tonnes of the fuel last month, data from the National Bureau of Statistics showed on Monday, equivalent to 12.09 million tonnes per day.
That compares with the record of 12.77 million tonnes per day in March and 10.74 million tonnes per day a year before.
Production over the January-April period was 1.45 billion tonnes, also 11% higher than in the same period a year earlier, the bureau’s data showed.
China is aiming at lifting daily coal output above 12.6 million tonnes and building a national inventory of 620 million tonnes to ensure it has sufficient supply.
The government has also urged regions that largely rely on imported coal to sign more contracts of at least a year’s duration with domestic coal producers, to secure supply.
China’s central bank said that, to support more output, it had allocated an additional 100 billion yuan ($14.7 billion) of loans dedicated to coal production, storage and purchases by power plants.
Beijing has also set price caps for thermal coal under spot trade and term contracts to ease inflation pressures and balance profits between coal miners and utilities.
However, lean demand from downstream sectors, following a wide range of industrial plant shutdowns because of COVID-19 outbreaks, could weigh on further growth of coal output.
China’s April power generation plunged to a level last seen in May 2020, with thermal power output dropping 12% from a year before.
Coal inventories at utilities in eight Chinese coastal regions reached 29.66 million tonnes by May 7, 25% higher than the same period last year, data tracked by China Coal Transportation and Distribution showed.
Source: Reuters
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Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
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- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
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