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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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Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
Wednesday, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...
Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hea ...
Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...
Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from stat ...
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- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
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