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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal prices beginning next year for medium and long-term contracts.
Stock of Inner Mongolia Yuan Xing Energy Co jumped 6.63 percent as of press time, Guanghui Energy was up 6.04 percent.
The market spike followed the release of a work plan addressing the signing of medium and long-term coal contracts in 2022, drafted by the National Development and Reform Commission (NDRC), China’s top economic planner.
The supply side will cover all coal production firms with an approved production capacity of 300,000 tons per year and above, and the demand side will achieve full coverage of coal for power generation and heating for the first time, according to a report by the Economic Information Daily on Monday.
The NDRC issued the plan for seeking public input during the National Coal Trade Fair, which concluded on Sunday in Rizhao, East China’s Shandong Province.
China will beef up efforts to ensure stable supply of coal and energy next year, according to officials attending the industry summit, with the main driver – the medium and long-term coal contracts – playing a key role in stabilizing the market.
The plan also set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per ton, with the benchmark price adjusted for the first time from 2017’s 535 yuan per ton to 700 yuan per ton.
The medium and long-term contracts refer to contracts signed by players on both the supply side and the demand side for a period of one year or longer with a clear quantity and price mechanism.
The adjustment partially filled the price difference between contracted coal and spot coal, and allows coal prices to fluctuate within a larger range. The market’s previous pessimistic sentiment regarding the strong supervision of coal contract prices has been significantly eased, and a more reasonable long-term agreement also helps stabilize the fluctuation range, according to an analysis note by Shengang Securities.
China has been pushing coal miners to ramp up output and increase imports to stabilize coal prices and ensure supply during the winter-heating season. Coal output reversed a falling trend to increase in October.
The volume of coal transported by rail and sea in China saw a surge in October and November, official data showed.
On average, about 86,300 trains loaded with coal had departed from local areas in China every day from November 1 to 15, an increase of around 10,000 trains, or 13.5 percent from last year, data from the China State Railway Group Co showed.
Port spot prices and futures prices for coal also fell rapidly.
“Although we see obvious effects in securing coal supply at the moment, there is still pressure and uncertainties in the future. After December, the northern region of the country will enter peak winter season, which will have higher demand for coal supply,” Lu Junling, head of the coal department of National Energy Administration, said at the coal fair, adding that coal firms should strengthen organic connection of production, transportation and supply.
Source: Global Times
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Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
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- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- MS Steel International - UAE
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- The University of Queensland
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
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