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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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Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
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- Australian Commodity Traders Exchange
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
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