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Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hearing meeting about further enhancing the market pricing mechanism amid the need for stabilizing long-term supply.
This came as the market price for coal has returned to a normal level, with the main thermal coal contract fell from 1,009 yuan ($158) per ton in early September to 840.8 yuan per ton as of Friday, a drop of about 17 percent.
The government guiding policy has effectively secured the power supply while ending the irrational prices augmented by tight supply, market speculation and hoarding, and other global factors.
In November, coal prices in the thermal coal market fell in response, and production price and shipping have also fallen to a large extent.
According to the statistics of the industry data platform MySteel, the price decline of coal production areas ranged from 180-400 yuan per ton in November compared with October or earlier months, and the decline at ports ranged from 125-155 yuan per ton.
The participating companies at the hearing meeting stated that the recent comprehensive measures taken by the state to strengthen coal market regulation and guide coal prices to gradually return to within a reasonable range have played an important role in ensuring the current safe and stable supply of energy, and also conducive to the sustainable and healthy development of the coal industry.
Further reform of pricing mechanism for long-term purpose was also advised by participating companies, which they believe will play a necessary mean in maintaining the price at a reasonable level while boosting the coordinated development of both up- and down streams of the domestic coal industry.
There is a high expectation that the corresponding policy for the mechanism will be soon finalized.
Since October, with the managed implementation of the state’s work to ensure supply and price stabilization, high-quality coal production capacity in the main production areas of Shanxi, Shaanxi and Inner Mongolia Autonomous Region has been gradually implemented, and the level of coal storage in downstream power plants and society has been continuously improved.
In October, the national raw coal output was 357.09 million tons, an increase of 4.0 percent year-on-year, according to the National Bureau of Statistics.
With the gradual improvement of domestic supply and demand pattern, coastal power plants are currently adjusting their inventory structure by increasing the purchase of high-calorie coal, and the overall pace of purchasing imported coal has slowed down. Industry insiders expected that by the end of November this year, coal storage in power plants may exceed the same period last year, reaching a historic high.
Source: Global Times
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Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
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- Australian Coal Association
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
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