The Adaro Blog

China's domestic thermal coal prices under close watch ahead of key political meetings: sources
January 18, 2019, 8:14 pm
Singapore — China's domestic thermal coal prices are likely to come under close watch in coming weeks as the country strives to keep prices of essential goods stable during the Lunar New Year holiday period in February and key annual political meetings in March, market sources said...
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New York’s Plan to Kill Coal Is Already Boosting Power Prices
January 18, 2019, 8:11 pm
New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May....
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PLN to acquire coal mines to secure supply
January 16, 2019, 8:09 pm
State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023. PLN president director Sofyan Basir said that by 2023 coal demand for the...
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President Trump can’t stop US coal plants from retiring
January 14, 2019, 7:43 pm
More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than...
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Metallurgical coal quality differentials evolve on policy, market shifts
January 14, 2019, 7:41 pm
Singapore — China's National Development and Reform Commission in mid-November imposed further port restrictions on coking coal and thermal coal to last until the end of 2018 at ports across China. Evidently, this move resulted in a slowdown in buying activities as market participants...
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Russia’s Coal Exports, Production Hit Five-Year High In 2018
January 11, 2019, 8:11 pm
Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million mt—the...
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PLN needs 100m tons of coal to fuel power plants this year
January 10, 2019, 8:09 pm
State-owned electricity company PLN projects that the company’s coal-fired power plants will require some 100 million tons of coal this year, a 5.4 percent increase from last year. PLN western region business director Djoko Rahardjo Abumanan said on Wednesday that more coal was needed this...
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China: No Wind Or Solar If It Can't Beat Coal On Price
January 10, 2019, 8:07 pm
China has said it will not approve wind and solar power projects unless they can compete with coal power prices. Beijing pulled the plug on support for large solar projects, which had been receiving a per kWh payment, in late May. That news came immediately after the country’s largest...
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Indonesia sets lower coal production target to help stabilize global price
January 8, 2019, 6:59 pm
The government has lowered its coal production target for this year to 480 million tons in an effort to stabilize the global coal price, an official has said. Last year’s target was 485 million tons, 25 percent of which was allocated to the domestic market obligation (DMO). Energy and...
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January’s coal reference price down 0.1 percent
January 4, 2019, 6:46 pm
The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0.1 percent lower than the price in the previous month, which was $92.51 per ton. Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China's new...
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