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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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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
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 ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Planning Commission, India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
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