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Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it announced the preliminary results of a probe into the industry.
The National Development and Reform Commission (NDRC) had announced the probe a month ago, saying it wanted to standardise conduct in the energy index provider business as part of its crackdown on record-high coal prices that were a key contributor to widespread power shortages in China.
“Judging from the preliminary assessment and compliance review, some coal price index behaviour has non-compliance problems,” the NDRC said on Wednesday, adding that this had “misled the market and … caused the price increase to deviate from the fundamentals of supply and demand.”
It did not name any of the 12 companies it said had been probed or specify how some of them had been noncompliant.
Dozens of organisations provide coal pricing data in China and their assessments can be used by traders as a basis for physical transactions.
China’s thermal coal futures CZCcv1 hit a record high of 1,982 yuan ($310) a tonne on Oct. 19, which was more than five times higher than a year earlier. They have since more than halved to around 940 yuan as authorities signalled a willingness to intervene in pricing and ordered miners to boost output.
Thermal coal was trading up more than 5% by 1400 GMT in night trading on Wednesday and remains up around 80% year-to-date.
The NDRC said it would further verify the issues identified in its probe and take disciplinary measures such as publicly naming the companies found to be non-compliant.
Other possible measures include ordering rectifications by a certain date, suspending publication of an index and including companies on a list of “untrustworthy entities”, it said, adding that any illegal behaviour uncovered would be investigated in accordance with the law.
Source: Reuters
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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 ...
Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
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- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- White Energy Company Limited
- VISA Power Limited - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
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