Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Jumat, 08 April 2011

China Coal Sees Slowdown of Demand - The Indonesia Today

China Coal Energy Company Ltd, one of the largest coal producers in China, sees the growth of coal demand in the country will slow down due to macro-control policies, especially the renewable energy development goal, energy saving, and emission reduction requirement.

China Coal said in its 2010 Annual Report that as the Chinese government will strengthen its control on macro-economy to maintain the steady growth of economy, the total coal consumption by thermal power, steel, building materials and chemical industries in China will grow continuously in 2011, which will provide a favorable environment for sound development of coal industry.

"The coal consumption for 2011 is expected to maintain a moderate expansion. However, influenced by the macro-control policies especially the renewable energy development goal and the energy saving and emission reduction requirement for the “Twelfth Five-year Period”, the growth of demand will slow down to some extent," the company said.

Regarding coal supply, China Coal said that as a result of the gradual completion of large-scale coal bases and production resumption of local consolidated coal mines, major coal producers such as Shanxi and Inner Mongolia will release their production capacities in 2011.

Meanwhile, the operation renovation of a number of railways including Baotou-Xi’an Railway and Taiyuan-Zhongwei-Yinchuan Railway will accelerate the release of coal production capacity in north Shaanxi and west Inner Mongolia. It is expected that coal production volume in the PRC will post a year-on-year increase of approximately 300 million tons in 2011.

On coal import and export, In 2010, China imported 165 million tons of coal, representing a year-on-year increase of 30.99%; and the net import amounted to 146 million tons, representing an increase of 40.96%.

"The year 2011 is expected to witness considerable net coal import as driven by growing demand from south-eastern coastal areas of China and the appreciation of Renminbi, despite of a gradual increase in global coal prices," China Coal said.

On coal prices, China Coal said based on the scenario of basically balanced supply and demand, coal prices are expected to maintain steady as a whole in 2011. The contractual prices of major thermal coal in the year will maintain as the level of last year due to the regulatory control imposed by national macro-control policies.

"There will still be significant difference between spot prices and major thermal coal contractual prices. When coal consumption increases in peak season and transportation capacity gets tight in some areas, spot prices in certain areas and periods are expected to be stable or on the upside."

Tidak ada komentar:

Posting Komentar