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Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the country’s north switches on mostly coal-fired heating systems for winter and demand jumps.
The world’s top coal consumer still relies on the fuel to heat homes across much of the colder north, and Beijing is determined to ensure sufficient supplies this year after shortages led to unprecedented power outages in 2021.
But China’s top three coal production regions have reported hundreds of COVID cases in recent weeks, data from the country’s health commission showed, disrupting coal trade. The provinces introduced strict transport curbs this month, leaving some mines unable to ship coal out and forcing them to slow or halt production.
The curbs include special licences for trucks to enter mines, while drivers are not allowed to leave their cabs during entire shipment journeys, which often cover 1,000 kilometres.
In Zhungeer county, which contributes 27% of Inner Mongolia’s coal production, authorities ordered everyone in the area to stay home since Oct. 19 after a solitary COVID case was reported at a coal mine, local government statements showed.
“Coal mines have to lower operations or even shut down if they cannot find trucks to transport their production out,” said a Zhungeer-based coal trader.
Two coal mines in Wuhai city in Inner Mongolia suspended production two weeks ago, said people managing the mines. The people declined to be named because they are not authorised to speak to media.
Meanwhile a month-long maintenance shutdown at the Daqin railway, China’s biggest coal transport line connecting the coal mining hubs with Qinhuangdao port, has also been extended for a week after dozens of railway staff contracted COVID in mid-October, two coal traders said.
Daqin typically transports about 1.3 million tonnes of coal in a normal day, but daily volumes have plunged to between 200,000 tonnes and 300,000 tonnes, according to traders.
At major ports coal inventories have also fallen by 3% since late September, data from the China Coal Transportation and Distribution (CCTD) agency showed.
‘DELICATE BALANCE’
Spot prices for 5,500 kilocalories thermal coal are up 9% on the month, hitting a seven-month high of 1,650 yuan ($228.26) a tonne, according to coal traders.
However, the impact of lower production has so far been offset to some degree as utilities have yet to step up winter purchases, said CCTD analyst Zhou Jie.
Daily coal use at major coastal power plants has slid from over 2 million tonnes a month ago to below 1.8 million tonnes, which is sufficient for 17 days of use, CCTD data showed.
The number of vessels currently waiting to load coal from northern Chinese ports stands at about 80 per day, about 24% less than the same period last year, according to data compiled by consultancy Sxcoal.
But traders remain worried that an extended outbreak could hit markets in two weeks when heating season starts in north China.
“The market is in a delicate balance. It depends on which one of the factors will come first to break the balance – the end of COVID outbreaks or the pick-up in demand,” said a Beijing-based coal trader.
Source: Reuters
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- The University of Queensland
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- PTC India Limited - India
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