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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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Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
Friday, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
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- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- The University of Queensland
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Planning Commission, India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
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