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Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even as it aims to start phasing down coal use in the second half of this decade.
Draft rules for the new system did not give details on exactly how the reserve would work, but said the aim was to have 300 million metric tons of “dispatchable” annual coal production by 2030, equivalent to 7% of its 2022 production.
China is the world’s top coal consumer and producer. Last year it produced a record 4.5 billion metric tons.
Beijing set a goal in 2021 to have coal reserves equivalent to 15% of its annual consumption stocked at mines, ports, power plants and some designated storage areas.
The new system will build on these stockpiles by ensuring that a certain amount of production capacity is ready to be mined when needed.
Mines with at least 3 million tons of production capacity a year can apply to be included, said the National Development and Reform Commssion (NDRC). They must be able to dispatch output when the government deems spot prices to have exceeded a “reasonable” range or when supplies are tight.
The move comes as China continues to worry about energy security after a crippling domestic coal and power shortage in 2021 and a European energy crisis last year stoked by Russia’s war on Ukraine, which sent prices of natural gas soaring.
That has prompted Beijing to boost mining of coal and accelerate approvals for new coal power plants, even though it has previously pledged to reduce coal use in the five-year plan beginning in 2026.
The new production reserve is designed to “reduce volatility in short term markets, and also provide a lever to punish speculators or price manipulators”, said David Fishman of Shanghai-based energy consultancy the Lantau Group.
China launched probes into soaring coal prices during the 2021 power shortage.
Prices on NDRC’s Bohai Rim Thermal Coal Price Index jumped from 526 yuan per ton in May 2020 to a peak of 848 yuan per ton in October 2021. However, prices have been relatively steady this year, hovering between 715 yuan and 734 yuan per ton.
The draft rules are open for public comment until Jan. 6, 2024.
Source: Reuters
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Australian Coal Association
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- The University of Queensland
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- PTC India Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
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