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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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Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
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- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
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