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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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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
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