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Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
 CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
A 26-million-kilowatt power shortage is expected during peak periods in the coming winter and spring, said Tan Rongyao, chief supervisor of the State Electricity Regulatory Commission.
The power squeeze situation will be grim, especially in Guangxi Zhuang autonomous region and the provinces of Guangdong, Guizhou, Yunnan and Hunan, Tan said.
The country's recent moves to support small and medium-sized enterprises will increase power demands because of resumed production, which will then push up demand for coal, said Xing Lei, a professor at the Institute of China Coal Economy of the Beijing-based Central University of Finance and Economics.
The continuing rises in coal prices and the supply shortage will make the situation even worse as coal is China's cornerstone of power generation, analysts said. About four-fifths of China's electricity comes from thermal power plants.
However, the current coal output is not enough to support the growing appetite for power in the world's second largest economy, and the supply strain may worsen in the future, said Zhang Lizi, principal assistant of North China Electric Power University.
Power shortages have been a persistent headache for China. In 2008, many southern provinces were hit by the worst power crunch in five years, with these regions' power-generating capacity going underutilized due to the coal shortage and soaring prices.
Li Chaolin, an industry analyst, expects the country's coal prices to hit the highest level since 2008 in the coming winter because of the supply shortage.
By Oct. 26, the average price of thermal coal rose 14 percent from a year earlier to a record high of 853 yuan (134.33 U.S. dollars) per tonne following eight consecutive weeks of increases, according to the Bohai Rim Steam Coal Price Index, China's government-run coal price gauge.
The expectation of a coal supply shortage and surging demand will further push up prices, Zhang said.
"The vicious circle, if left unchecked, will hurt the country's economic development," she said.
Meanwhile, higher coal prices increase power generators' financial pressures, making them reluctant to boost production because of the widening gap between the government-set electricity price and the market-oriented coal price, Li said.
Analysts have long called for a reform in the mechanism distortion, which they cite as the major reason for repeated power crunches in the country.
Zhang also advised the government to promote energy-efficiency and industrial structure readjustment to ease power demand growth while boosting supplies by stepping up coal imports.
As the world's largest coal consumer, China consumed 2.28 billion tonnes of coal in the first nine months of this year, up 10.3 percent year-on-year.
It has become a net importer of coal in the first nine months, with a net import of 111 million tonnes. In September alone, the country imported 19.12 million tonnes of coal, up 25.1 percent year-on-year.
Source: CRIENGLISH
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Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
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- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Aditya Birla Group - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
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