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Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surprising discovery: there are large numbers of rural households in northern China that still rely on burning coal to pass the winter. Of course, it is understandable given that China is a vastly diverse country with many regions in different development stages. For those rural households that have not shifted to cleaner natural gas or are connected to the central heating system, burning coal is the norm.
“(Smokeless) anthracite is the best fuel for the winter, it fires up our self-made heating system,” one local resident told the Global Times.
Yet, amid an acute shortage of thermal coal for heat generation and a cold front arriving earlier than usual, many farmers have been confronted with the hard reality that coal prices have risen by nearly 300 percent from last year. At some rural coal trading markets the price for the fuel rose from 1,100 yuan ($172) per ton last year to 2,800 yuan ($438) . At some other markets, traders simply said they could not secure supplies.
Constantly improving living standards in China has meant enduring the discomfort of an entire winter with determination and many households have to accept the situation as it is and pay an outrageous price.
Coal prices have been soaring but only in recent months. For much of 2021, the price of coal futures has not exceeded 900 yuan ($140) per ton. As late as October 1, the future price was at about 1,400 yuan ($218) per ton. Prices then began to soar, climbing to a historic high in less than one month.
There are multiple factors pushing coal prices to climb higher and higher including a restrained supply, difficulties in transportation, an earlier winter, a sudden massive rise in demand from power companies to cope with rising electricity demand, and speculation by capital market investors looking for windfall fortune. All these factors are at work at once at the coal supply chain where private capital enjoy active participation.
To put brakes on soaring coal prices, the government has taken measures, from a probe to crack down on speculation, to calls on mines to increase output, to the arrangement of coal transportation, to push down coal prices.
But marketization means there will always be speculators. Winter is not a black swan. With more and more participants in the market for bulk commodities, it appears to be a high time for farmers, who have a rigid demand for coal as winter fuel, to also participate in it. This will allow them to secure what is needed ahead of time at more affordable prices and not rush into the market at the last minute. Here, some sense on the fluctuating of the commodity market could forestall the plight of expensive coal in winter. Just like for speculators, the market’s door is also open to farmers.
Source: Global Times
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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
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- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- The Treasury - Australian Government
- The University of Queensland
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
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