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Wednesday, 03 November 21
CHINA TO LAUNCH NEW DATA MONITORING SYSTEM, TARGETING COAL MARKET SPECULATION, HOARDING - GLOBAL TIMES
China’s top economic planner announced on Sunday a new data system for supervising the implementation of medium- and long-term contracts of coal suppliers, as the latest government’s clampdown on market speculation and hoarding to curb tight power supplies as the winter dawns.
At present, multiple testing and trial operations have been carried out on the medium and long-term coal contract performance data system. The platform is expected to be officially launched in early November to conduct closed-loop supervision of coal contrast across the country, the National Development and Reform Commission (NDRC) announced on its official WeChat account on Sunday.
In the future, relevant state departments will use the system to record fraudulent and other related violations of laws and regulations in credit records and incorporate them into the national credit information sharing platform, as well as publish them on the “Credit China” website.
The data monitoring system for medium and long-term coal contract performance has been developed and improved by the National Public Credit Information Center and the National Coal Trading Center, under the instruction of the NDRC.
The launch of the system has been praised by industry experts who believe it will effectively resolve the high coal price and smooth the market flow.
“Some companies originally signed agreements with power plants, but because of high coal prices, they temporarily refused to implement them to seek bigger profits. However, such situation will be greatly improved after the system is launched,” Han Xiaoping, chief analyst at energy industry website china5e.com, told the Global Times on Friday.
Han noted that one major hurdle on coal supply lies in those medium- and long-term contracts which often offer a relatively low price.
Speculation and hoarding are the main disruptions in market and will also be further eased after the launch.
In the third quarter alone, the main contract price rose from 735.6 yuan ($115) per ton to a maximum of 1,408.2 yuan ($220), nearly double, according to media reports.
Against this background, performance by the coal industry in Q3 was naturally shining and net profit growth rate of most companies doubled.
The Chinese government has taken measures to secure coal supplies as the top national priority which was followed by import expansion, price capping policy, and market supervision on illegal inventories.
With the gradual improvement of the supply and demand, the level of coal storage in power plants nationwide has rapidly increased. Since October 5, the coal supply for power plants across the country has exceeded coal consumption for 25 consecutive days.
Based on the recent coal supply level, coal storage in power plants is expected to exceed 110 million tons within 3 days reaching a supply of 20 days, a solid foundation to ensure the safe supply of electricity in winter, media reports.
Source: Global Times
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Thursday, 04 November 21
FASTER DECARBONISATION: BACK TO BASICS FOR THE MINING INDUSTRY? - WOOD MACKENZIE
To the uninitiated, rugby is a technical and complicated game. As young schoolboys it was all a wee bit confusing and we invariably ended up on the ...
Wednesday, 03 November 21
CHINA’S STATE PLANNER SAYS COAL SUPPLY IMPROVING, PRICES STABILISING - REUTERS
China’s coal supply situation has seen significant improvement with joint efforts from coal producers, logistics and downstream users, while ...
Wednesday, 03 November 21
HIGHER COKING COAL PRICES TO PARE PROFITABILITY OF STEELMAKERS IN SECOND HALF OF FY22 - CRISIL RATINGS
The operating margin of primary steelmakers will reduce by a third to 24-26% in the second half of this fiscal versus the first half as input cost ...
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
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 ...
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- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- The University of Queensland
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
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