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Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a result of low rainfall across the south since the middle of 2022.
China’s generation increased by +173 billion kilowatt-hours (+5.3%) in the first five months of the year compared with the same period in 2022, data from the National Bureau of Statistics (NBS) showed.
Big increases from mostly coal-fired thermal generators (+149 billion kWh), wind farms (+79 billion kWh) and solar generators (+19 billion kWh) offset a fall in hydro production (-82 billion kWh).
The two provinces of Sichuan (354 billion kWh) and Yunnan (296 billion kWh) in southern China produced almost half of the country’s total hydro-electric power (1,352 billion kWh) in 2020.
But total precipitation at Yibin on the Sichuan-Yunnan border was just 336 millimetres in the second half of 2022 compared with a seasonal average of 765 millimetres in 2014-2021.
Precipitation in the first five months of 2023 was 244 millimetres compared with the prior nine-year average of 291 millimetres, which has depleted reservoir and river levels.
As a result, nationwide hydro generation in the first five months of 2023 was the lowest for the time of year since 2015, despite the commissioning of massive new dams and generating stations.
ENERGY SECURITY
South China’s drought and reduced hydro generation explains why the central government has encouraged coal miners to maximise production and coal-fired generators to stockpile fuel.
Coal mine production increased by +98 million tonnes (+5.4%) to a record 1,912 million tonnes in the first five months of 2023, roughly in line with the rise in thermal generation (+6.6%).
Coal imports increased by +86 million tonnes (+90%) in the first five months as generators and steelmakers took advantage of lower international prices to rebuild inventories.
Renewable generation from wind and solar is increasing rapidly as the government attempts to cut emissions and reduce dependence on expensive and potentially unreliable energy imports.
In the short term, however, coal remains essential to meeting fast-growing growing electrical demand and maintaining transmission.
Large numbers of new coal-fired plants are being authorised and built to meet short-term load growth and reliability requirements even as government plans to reduce the share of coal-fired generation in the medium and long-term.
INDUSTRY FOCUS
On the consumption side, demand growth in the first five months continued to show a clear bias towards industry rather than households.
Consumption by primary industries rose +11% while the service sector grew by +10% but manufacturing was up by just +5% and households by +1%.
Consumption rose +8% in high-technology and equipment manufacturing but only +3% in consumer goods, according to data from the China Electricity Council.
The pattern is consistent with a sluggish rebound in consumer goods spending after the pandemic as households stay cautious about their finances and prioritise travel and in-person services after repeated lockdowns in 2022.
Source: Reuters
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Wednesday, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
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- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- MS Steel International - UAE
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
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