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Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even as it aims to start phasing down coal use in the second half of this decade.
Draft rules for the new system did not give details on exactly how the reserve would work, but said the aim was to have 300 million metric tons of “dispatchable” annual coal production by 2030, equivalent to 7% of its 2022 production.
China is the world’s top coal consumer and producer. Last year it produced a record 4.5 billion metric tons.
Beijing set a goal in 2021 to have coal reserves equivalent to 15% of its annual consumption stocked at mines, ports, power plants and some designated storage areas.
The new system will build on these stockpiles by ensuring that a certain amount of production capacity is ready to be mined when needed.
Mines with at least 3 million tons of production capacity a year can apply to be included, said the National Development and Reform Commssion (NDRC). They must be able to dispatch output when the government deems spot prices to have exceeded a “reasonable” range or when supplies are tight.
The move comes as China continues to worry about energy security after a crippling domestic coal and power shortage in 2021 and a European energy crisis last year stoked by Russia’s war on Ukraine, which sent prices of natural gas soaring.
That has prompted Beijing to boost mining of coal and accelerate approvals for new coal power plants, even though it has previously pledged to reduce coal use in the five-year plan beginning in 2026.
The new production reserve is designed to “reduce volatility in short term markets, and also provide a lever to punish speculators or price manipulators”, said David Fishman of Shanghai-based energy consultancy the Lantau Group.
China launched probes into soaring coal prices during the 2021 power shortage.
Prices on NDRC’s Bohai Rim Thermal Coal Price Index jumped from 526 yuan per ton in May 2020 to a peak of 848 yuan per ton in October 2021. However, prices have been relatively steady this year, hovering between 715 yuan and 734 yuan per ton.
The draft rules are open for public comment until Jan. 6, 2024.
Source: Reuters
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
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