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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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Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
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- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
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