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Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
 China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says in its latest China Power Watch report.
Total power consumption rose by 16.2% yoy in 1H21, or 7.6% based on a two-year CAGR, mainly driven by the industrial sector, which contributed 68% to total power consumption. This, together with higher residential demand on hot days, pushed peak loads to record high levels for many regional grids in 2Q21, when hydropower, the second largest contributor of power generation in China, was weak due to low waterflow. As a result, many places in China saw restrictions on power usage.
Tight power supply also reflects weak peak-load flexibility in China. However, China is stepping up efforts to improve the flexibility of its power system. Power generation companies (gencos) are upgrading thermal power plants and increasing peak shaving capacity. They are also investing in power storage projects to ensure stable power supply. The grid company State Grid Corporation of China (SGCC, A+/Stable) is increasing capex on grid infrastructure and we believe this will also enhance grid flexibility.
Coal prices also surged in 1H21 as market demand exceeded domestic production, which is further heightened by a 19.7% yoy decrease in import coal volume. High coal prices will squeeze gencos' profit due to lack of pass-through under the current tariff mechanism. Fitch expects this, together with power gencos' higher capex to fund renewable projects, will result in weakened 2021 credit metrics.
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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
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- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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