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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, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
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