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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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Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
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