Where does Indonesian coal go when it enters China?

On June 25th, 2020165438+1October 25th, Indonesian Coal Mining Enterprise Association (APBI) and China Coal Transportation and Marketing Company (CCTDA) signed the cooperation agreement on Indonesian coal export to China in the form of memorandum of understanding (MoU). In the agreement, the two sides agreed to start the coal procurement contract from 202 1, with a contract period of three years, and the Chinese procurement amount was 20.6 trillion rupiah (a total of 65.438+46 billion US dollars).

In addition, the meeting also discussed Indonesia's total coal export to China of 202 1. The Indonesian Coal Mining Enterprises Association emphasizes that China and Indonesia will verify the export target quantity of Indonesian coal every year and establish a price index that can be negotiated regularly as a reference for Indonesia's coal import price to China. We also hope that the agreement can confirm that Indonesia will export coal to China on a large scale, thus benefiting coal industry practitioners and effectively promoting Indonesia's national economic recovery.

Speaking of which, I believe everyone wants to ask, isn't there coal in our country? Why spend a lot of money to import coal? This is mainly because the global demand for coal has increased due to the epidemic this year. For China, coal consumption is high. It is difficult to meet the daily demand only by relying on domestic coal. China is an important member of the Asia-Pacific region. The adjustment of China's coal import and export policy and the change of domestic demand will play an important guiding role in the Asia-Pacific coal market and even the whole world market.

In addition, policies and markets are also the main factors to promote China's transformation into a net coal import. In terms of policies, energy development should be guided by the two strategic ideas of Scientific Outlook on Development and building a harmonious socialist society, and the energy strategic ideas of saving resources, protecting the environment, basing on domestic, diversified development and international cooperation should be implemented. The state has also introduced a series of measures to "control exports and encourage imports", which is an important embodiment of implementing this major strategy in the field of coal trade.

2020- 12- 12 answer

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Indonesia announced a ban on coal export 1 month. Does it have a big impact on China's coal supply?

Indonesian ban on coal export for one month has no effect on China's coal supply, because our country is rich in coal resources. In 2020 alone, China's raw coal output will reach 3.92 billion tons, and the coal output in 20021year is still increasing steadily, so China has no dependence on imported coal. As long as students who have studied geography seriously will know, China has a vast territory, rich resources and complete categories, especially coal. Basically, every county and city has resources, but it's just a matter of how much. Take my hometown, Kaizhou District, Chongqing as an example, which includes Wenquan Town, Dajin Town, He Qian Town, Changsha Town, Linjiang Town, Nanmen Town and Yuexi Town. Because the country advocates the policy of green mountains and green waters, many small coal mines have closed down, and many original large coal mines have also closed down. There are also Chuanxin Coal Mine, He Qian No.1 Coal Plant and a coal mine in the main dam, where coal trucks often travel. Walk into a mountain casually, and there will be a mine that once dug coal. So in China, the most important thing is coal. At present, the main coal producing areas in China are concentrated in Shanxi and Inner Mongolia. Because the national energy policy is to buy as much as possible and save mining as much as possible, we will still import some coal. Imported coal does not mean that China is short of coal, but buying coal can reserve its own coal and achieve the goal of mining as little as possible. Previously, Canada and Australia did not know why. They thought that China was short of coal and iron ore, and deliberately tried to strangle us. As a result, they shot themselves in the foot. This time, Indonesia played this trick again. It's really that the front car fell and the car passed by! Coal consumption in China is mainly thermal power generation. At present, the country's large-scale energy strategy is to develop hydropower and solar power generation, reduce thermal power, research and improve nuclear power, and gradually reduce coal consumption in the future. This is a trend and inevitable. As far as the current situation is concerned, China imports about 20 million tons of Indonesian coal every month, which is mainly used for power generation. Coal imported from Indonesia accounts for 6% of the total coal consumption. However, China's own coal reserves are about 1 100 million tons. Even if we don't import coal from Indonesia for a short time, our own coal reserves can completely fill the 6% gap. In addition, our coal enterprises can completely fill this little coal gap by increasing productivity. There are several consequences of Indonesia's announcement of the ban on coal export: First, enterprises that originally imported Indonesian coal will seek new supply channels. Indonesia announced a one-month ban on coal export, which will cause irreparable losses to its coal export enterprises, because they will lose the China market. Power companies that originally imported Indonesian coal will soon seek new sources of procurement. Second, it will slow down Indonesia's economic growth. The Indonesian government's ban on coal exports will only make the country's economy worse. It won't be long before the government can bear it. The economic situation in Indonesia is already very serious. Therefore, after the coal export is banned, it will lose its market in China and cannot find a new buyer in a short time. Third, Indonesia intends to ban coal exports, forcing China to raise the price of imported coal. Indonesia suddenly announced the ban on coal export, because after China did not buy Australian coal, Indonesia exported a lot of coal to China. After making a lot of money, some of them are inflated, and some of them are on cloud nine, so they want to sit on the ground and make a fortune in China. However, they obviously didn't study hard in geography class. At present, the coal enterprises in our country have increased their production capacity, and Indonesia will soon be able to fill the gap in Indonesian coal. Indonesian announced a ban on coal export for one month, which has no impact on China's coal supply, and will only make China coal enterprises increase their productivity to fill the market vacancy.

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What is the impact of Indonesian coal export ban on mountain coal international?

Investment suggestion: It is especially beneficial to Yankuang Energy, which has overseas coal resources and sells them to Japan and South Korea. Adhere to the core assets, optimistic about the valuation of coal enterprises with high long-term cooperation ratio and high dividends. Highlights: China Shenhua, China Coal Energy, Shaanxi Coal Industry and Yankuang Energy. The transformation of traditional energy enterprises under the goal of "double carbon" is worth looking forward to. It is suggested to focus on power investment energy (green power), Huayang shares (energy storage), Huaibei mining (new materials, green power) and Yankuang energy (new materials, green power). Actively lay out Shanxi's national reform, focusing on recommending Jinkong coal industry with expected asset injection. What is the impact of Indonesian coal export ban on mountain coal international? If Indonesian coal export is prohibited, it will affect the effective supply of 5.3% thermal coal in China, and considering that Australian coal is still limited and imports from other countries are limited, it is difficult for other countries to make up for this gap in the short term. If the Indonesian export ban lasts for a long time, it will lead to the return of supply and demand balance in China thermal coal market, even a little nervous. Answer thank you! Welcome to ask questions, please give me a compliment. Thank you very much for your answer. Is that a positive impact on domestic thermal coal enterprises? Asking questions is undoubtedly beneficial to our domestic coal enterprises. Answer the investment suggestion: It is especially beneficial to Yankuang Energy, which has overseas coal resources and sells them to Japan and South Korea. Adhere to the core assets, optimistic about the valuation of coal enterprises with high long-term cooperation ratio and high dividends. Highlights: China Shenhua, China Coal Energy, Shaanxi Coal Industry and Yankuang Energy. The transformation of traditional energy enterprises under the goal of "double carbon" is worth looking forward to. It is suggested to focus on power investment energy (green power), Huayang shares (energy storage), Huaibei mining (new materials, green power) and Yankuang energy (new materials, green power). Actively lay out Shanxi's national reform, focusing on recommending Jinkong coal industry with expected asset injection.