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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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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- Australian Coal Association
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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