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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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Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
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Showing 101 to 105 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Australian Coal Association
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
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