Pubblicato in: Commercio, Materie Prime

Indonesia. Settembre21. Export +47.64%, Import +40.1%. Surplus 4.37 mld Usd.

Giuseppe Sandro Mela.

2021-10-16.

2021-10-16__ Indonesia 001

La Indonesia prosegue con decisione la sua crescita economica, nonostante la pandemia e la crisi economica globale, grazie alla vendita di materie prime.

* * * * * * *

«Exports +47.6% y/y, vs +51.6% in poll»

«Imports +40.3% y/y, vs +50% in poll»

«$4.37 bln surplus is bigger than $3.84 bln seen in poll»

«Indonesia’s September trade surplus was larger than expected as exports surged on the back of booming commodity prices, government data showed on Friday»

«The resource-rich country booked a September trade surplus of $4.37 billion»

«That was above the median estimate of $3.84 billion»

«Indonesia recorded an all-time high surplus of $4.74 billion in August. It has posted a trade surplus every month since May 2020»

«The trade surplus would also help Southeast Asia’s largest economy narrow its current account deficit, making its financial market less vulnerable to capital outflows and allowing the central bank to keep monetary policy accommodative for longer»

«Bank Indonesia is expected to keep its main policy rates unchanged until the third quarter of 2022»

«Shipments of coal and copper remained strong, each rising more than 160%, while overseas sales of palm oil products, steel and oil and gas also registered high growth»

* * * * * * *

Indonesia. Carbone. Dice di volerlo dismettere e costruisce nuove centrali termiche.

Indonesia. Maggio21. Import +68.68%, Export +58.76%, anno su anno.

Indonesia. Export +51.94%, Import +29.93%, anno su anno.

Indonesia. Marzo21. Export +30.47%, Import +25.73%, anno su anno. – Statistics Indonesia.

Indonesia. Inaugurato il porto strategico di Patimban.

Indonesia. Nuova legge sul lavoro. Ambientalisti sul piede di guerra.

Indonesia. Bloccato l’export del nickel estrattivo.

Indonesia. La società civile si ribella e riporta l’omosessualità nel codice penale.

* * * * * * *

L’Indonesia presenta una crescita economica tumultuosa sicuramente grazie all’export di materie prime essenziali per gli acquirenti, ma soprattutto grazie ad una Realpolitik che nulla cede all’ideologia imperante in occidente.

Avere un governo dotato di senso pratico è una inestimabile risorsa.

* * * * * * *


Indonesia Sept trade surplus beats estimates on strong commodities.

– Exports +47.6% y/y, vs +51.6% in poll

– Imports +40.3% y/y, vs +50% in poll

– $4.37 bln surplus is bigger than $3.84 bln seen in poll

– Trade surplus reaffirms f’cast for cenbank to stand pat on rates

* * *

Jakarta, Oct 15 (Reuters) – Indonesia’s September trade surplus was larger than expected as exports surged on the back of booming commodity prices, government data showed on Friday, cementing hopes for a quick economic recovery.

The resource-rich country booked a September trade surplus of $4.37 billion, data from the country’s statistics bureau showed. That was above the median estimate of $3.84 billion, according to analysts polled earlier by Reuters.

Indonesia recorded an all-time high surplus of $4.74 billion in August. It has posted a trade surplus every month since May 2020.

Analysts said robust exports should cushion the economic impact of Indonesia’s devastating COVID-19 wave in the third quarter.

The trade surplus would also help Southeast Asia’s largest economy narrow its current account deficit, making its financial market less vulnerable to capital outflows and allowing the central bank to keep monetary policy accommodative for longer.

“The surplus is still large because of skyrocketing commodity prices, which is positive for our economy and the (U.S. dollar) liquidity outlook,” said Fakhrul Fulvian, chief economist at Trimegah Sekuritas.

“This means Bank Indonesia will keep interest rates steady next week,” he added, referring to a central bank policy meeting scheduled to take place from Monday to Tuesday.

Bank Indonesia is expected to keep its main policy rates unchanged until the third quarter of 2022, according to a new Reuters poll.

September exports grew 47.64% to $20.60 billion from a year earlier, compared with the poll’s 51.57% growth forecast.

Shipments of coal and copper remained strong, each rising more than 160%, while overseas sales of palm oil products, steel and oil and gas also registered high growth.

September imports rose 40.31% to $16.23 billion, versus the poll’s 50% forecast, with consumer goods imports surging nearly 60%.

Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale, Materie Prime

Materie prime. I prezzi alla estrazione proseguono a salire. Natural Gas +135.29% YoY.

Giuseppe Sandro Mela.

2021-10-08.

2021-10-05__ Materie prime 001

                         Nota Importante.

Ricordiamo come i prezzi riportati in Tabella siano quelli rilevati sul mercato internazionale. Essi differiscono profondamente da quelli praticati sul mercato europeo e non possono, né devono, essere confusi.

Per i prezzi sui mercati europei si potrebbe consultare

https://www.facebook.com/giuseppesandro.mela/posts/4364768506977187

*

2021-10-05__ Materie prime 002

2021-10-05__ Materie prime 003

Il costo del Natural Gas è salito del +135.29% anno su anno.

Il costo del Carbone è salito del 183.23% anno su anno.

Pubblicato in: Cina, Devoluzione socialismo, Materie Prime

Australia. Proseguirà ad estrarre, usare ed esportare carbone. Liberal affranti.

Giuseppe Sandro Mela.

2021-09-18.

Carbone Tipologie 001

«In Australia, nearly 80% of coal is produced from open-cut mines, in contrast to the rest of the world where open-cut mining only accounts for 40% of coal production. Open-cut mining is possible because coal seams are close to the surface. Such mining is cheaper than underground mining and enables up to 90% recovery of the resource. Many brown coal beds lie close to the surface and can be hundreds of metres thick, so can be extracted easily and cheaply. Firstly the topsoil is removed and stored for use later in restoring the disturbed land. The surface rock (called overburden) covering the coal is then blasted with explosives and removed by excavators. The uncovered coal is in turn then blasted to break up the layers and loaded into large trucks which can hold up to 300 tonnes of material. The coal is transported to the processing plant where impurities are removed.» [Geoscience Australia]

Le riserve australiane di carbone sono stimate essere 159.634 miliardi di tonnellate, ne estraggono 554.764 milioni di tonnellate l’anno, e ne esportano 427 milioni di tonnellate [Fonte]

2021-09-08__ Australia Carbone 001

Recentemente alcuni funzionari UN hanno rimproverato l’Australia.

«The United Nations’ top climate official has urged Australia to have a “more honest and rational conversation” about urgently abandoning coal power, which he said was in the nation’s and the world’s best interests.

Selwin Hart, UN Assistant Secretary-General and Special Adviser to the Secretary-General on Climate Action, said wealthy nations must stop using coal power by 2030 and the rest of the world must dump it by 2040 if the world is to keep global warming to within the agreed target of 1.5 degrees Celsius.» [Fonte]

La frase “wealthy nations must stop using coal power by 2030 and the rest of the world must dump it by 2040” soffre del solito, grossolano, errore, di considerare che l’enclave occidentale liberal sia il “mondo”, falsità grossolana.

China Is Planning to Build 43 New Coal-Fired Power Plants. Can It Still Keep Its Promises to Cut Emissions?

«China is planning to build 43 new coal-fired power plants and 18 new blast furnaces — equivalent to adding about 1.5% to its current annual emissions — according to a new report. The new projects were announced in the first half of this year despite the world’s largest polluter pledging to bring its emissions to a peak before 2030, and to make the country carbon neutral by 2060.»

«The news shows that at least some in China are prioritizing economic growth over emissions reductions — although some analysts say they are still optimistic that China will reach its climate targets. “There is this desire in the Chinese political and economic system to keep on building, to continue the infrastructure fever,” says Li Shuo, a senior global policy adviser for Greenpeace in Beijing.»

«coal accounted for 56.8% of China’s domestic energy generation in 2020 …. China is still increasing construction of coal-fired power plants»

* * *

China’s coal consumption seen rising in 2021, imports steady

«China, the world’s biggest coal consumer, saw overall consumption of the fossil fuel increase by 0.6% in 2020 from a year earlier to around 4.04 billion tonnes. …. China churned out 3.84 billion tonnes of coal in 2020, the most since 2015»

* * * * * * *

Come si constata, il resto del mondo, Cina in testa, non ha la minima intenzione di ridurre l’estrazione e l’uso del carbone.

Adesso, al resto del mondo si associa anche l’Australia.

«Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday»

«action on emissions would cost jobs»

«The future of this crucial industry will be decided by the Australian government, not a foreign body that wants to shut it down costing thousands of jobs and billions of export dollars for our economy»

* * * * * * *

Le Nazioni Unite? Ma chi mai sono e chi mai si credono di essere da pretendere di dare ordini all’Australia?

*


Australia sees strong future for coal beyond 2030 despite U.N. call

Melbourne, Sept 6 (Reuters) – Coal will be a major contributor to Australia’s economy well beyond 2030 given growth in global demand, the country’s resources minister said on Monday, a day after a United Nations envoy called on the country to phase out the fossil fuel.

Without greater efforts to cut coal, climate change will dramatically damage Australia’s economy, Selwin Hart, the United Nations special adviser on climate change, said in a speech in the capital Canberra on Sunday.

Australia’s heavy reliance on coal-fired power makes it one of the world’s largest carbon emitters per capita, but its conservative government has steadfastly backed fossil fuel industries, saying tougher action on emissions would cost jobs.

Australia’s latest export figures show “the reports of coal’s impending death are greatly exaggerated and its future is assured well beyond 2030,” Resources Minister Keith Pitt said in a statement.

In the three months to July, Australian coal exports grew 26% in value to A$12.5 billion ($9.3 billion), he noted. Coal prices have climbed as global economies recover from COVID-19 restrictions.

“The future of this crucial industry will be decided by the Australian government, not a foreign body that wants to shut it down costing thousands of jobs and billions of export dollars for our economy,” Pitt added.

The U.N. has called for phasing out coal by 2030 in Organisation for Economic Co-operation and Development countries, which include Australia.

In July, energy and environment ministers from the Group of 20 big economies failed to deliver a deal to phase out coal by 2025. But some experts said there were chances of progress at U.N. climate talks in Glasgow in November.

Prime Minister Scott Morrison has said Australia is on a path to net zero carbon emissions but has stopped short of committing to a timeline. He has said that Australia would update its 2030 emissions projections going into the Glasgow talks.

Pubblicato in: Commercio, Devoluzione socialismo, Logistica, Materie Prime

Baltic Dray Index 4,235, Materie Prime ancora in salita. Inflazione.

Giuseppe Sandro Mela.

2021-08-31.

2021-08-29__ Baltic Dray Index 001

«The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.»

2021-08-29__ Baltic Dray Index 002

«The Baltic Exchange Dry Index rose 1% to 4,235 on Friday, a more than 11-year high as gains in the larger capesize segment countered a retreat in panamaxes. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes added 2% to 6,162 and the supramax index went up 33 points to an all-time high of 3,470. On the other hand, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, decreased 0.9% to 3,874. For the week, the Baltic Exchange’s main dry bulk sea freight index climbed 3.5%, its sixth straight week of gains buoyed by both the capesize index (2.8%) and the panamax index (6.1%). source: Baltic Exchange»

2021-08-29__ Baltic Dray Index 003

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Se le materie prime hanno evidenziato un più che significativo aumento dei prezzi alla estrazione, il loro trasporto via nave dall’estrattore ai paesi utilizzatori ha quasi triplicato i costi nel breve volgere i pochi mesi.

È andata in profonda crisi tutta la catena logistica degli approvvigionamenti, coinvolgendo anche tutto l’interscambio di prodotti manufatti.

Allo stato attuale delle cose, sta crollando la visione di sistemi economici basati sull’interscambio a basso costo di materie prime sottovalutate.

Come risultato, ne deriva una spinta inflazionistica di portata epocale.

Pubblicato in: Devoluzione socialismo, Materie Prime, Problemia Energetici

Carbone. Dai 46.9$ per tonnellata a settembre agli attuali 148.6$.

Giuseppe Sandro Mela.

2021-07-20.

2021-07-20__ Coal 001

«Coal futures surged to almost $150 a tonne in July»

«Coal is the major fuel used for generating electricity worldwide»

«The biggest producer and consumer of coal is China»

«China’s biggest industrial provinces has pushed the electricity consumption to unprecedented levels»

«Other big producers include: United States, India, Australia, Indonesia, Russia, South Africa, Germany and Poland»

«The biggest exporters of coal are: Indonesia, Australia, Russia, United States, Colombia, South Africa and Kazakhstan»

«The coal prices have risen almost 40% since the beginning of May as warmer weather boosted demand in Japan, South Korea, and the United States, and production declined in Indonesia and Australia due to flooding»

* * * * * * *

Checché ne pensino e ne dicano i liberal socialisti, al momento attuale a livello mondiale il carbone è la principale fonte energetica con la quale genere corrente elettrica.

In un anno i prezzi del carbone sono quadruplicati, ripercuotendosi pesantemente sui costi di produzione della corrente elettrica. Ma questi maggiori costi si riverberano su quelli della produzione e, quindi, sui costi al consumo.

In poche parole, i rincari del costo del carbone sono significativa concausa dell’incremento della inflazione.

*


«Coal.

Coal futures surged to almost $150 a tonne in July, the highest level in a decade as a heat wave in Zhejiang, Jiangsu and Guangdong, China’s biggest industrial provinces has pushed the electricity consumption to unprecedented levels. Meanwhile, local supply remains limited as drought knocked hydropower generation in Yunnan province, output restrictions remain in place in Shanxi production hubs amid tighter safety inspections and environmental curbs, and as a trade spat with Australia has crimped imports. The coal prices have risen almost 40% since the beginning of May as warmer weather boosted demand in Japan, South Korea, and the United States, and production declined in Indonesia and Australia due to flooding.

Coal futures are available for trading in the Intercontinental Exchange and on the New York Mercantile Exchange. The standard GC Newcastle contact listed on ICE weights 1,000 metric tonnes. Coal is the major fuel used for generating electricity worldwide. The biggest producer and consumer of coal is China. Other big producers include: United States, India, Australia, Indonesia, Russia, South Africa, Germany and Poland. The biggest exporters of coal are: Indonesia, Australia, Russia, United States, Colombia, South Africa and Kazakhstan. Coal prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our coal prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.» [Fonte]

Pubblicato in: Cina, Commercio, Economia e Produzione Industriale

Cina. Giugno21. Import +36.7%, Export +32.2%, anno su anno.

Giuseppe Sandro Mela.

2021-07-19.

2021-07-14__ China Import Export 001

«China’s exports grew much faster than expected in June»

«Overall imports also beat expectations, though the pace of gains eased from May, with the values boosted by high raw material prices»

«the world’s biggest exporter has managed a solid economic revival from the coronavirus-induced slump in the first few months of 2020»

«Exports in dollar terms rose 32.2% in June from a year earlier, compared with 27.9% growth in May»

«The analysts polled by Reuters had forecasted a 23.1% increase»

«Exports surprised on the upside in June, shrugging off the impact of the temporary Shenzhen port closure and other supply chain bottlenecks»

«China’s strong shipment numbers last month underlined some solid factory surveys overseas»

«The data also showed imports increased 36.7% year-on-year last month, beating a 30.0% forecast»

«China’s crude oil imports in the first half fell 3% in their first contraction for the period since 2013»

«China’s yuan also rose to a near one-week high against the dollar as the data tempered worries over softening GDP growth»

«China posted a trade surplus of $51.53 billion for last month, compared with the poll’s forecast for a $44.2 billion surplus and the $45.54 billion surplus in May»

«However, exporters are grappling with higher raw material and freight costs and logistics bottlenecks»

«Prices for commodities such as coal, steel, iron ore and copper have surged this year»

«China’s trade surplus with the United States swelled to $32.58 billion in June»

* * * * * * *

Alcune considerazioni sgorgano spontanee.

– La Cina ha superato più che bene la crisi dello scorso anno.

– Più che di ripresa, si dovrebbe parlare di ritorno alla crescita.

– Ancora una volta le previsioni degli economisti e degli analisti si sono rivelate essere errate per significativa sottostima.

– Con i 32.58 miliardi Usd di surplus, i rapporti commerciali con gli Stati Uniti stanno continuamente perdendo importanza.

*


National Bureau of Statistics of China. National Economy in the First Half Year Witnessed the Steady and Sound Growth Momentum Consolidated.

«Imports and Exports of Goods Grew Fast and Trade Structure Continued to Improve.

 In the first half year, the total value of imports and exports of goods was 18,065.1 billion yuan, an increase of 27.1 percent year on year. The total value of exports was 9,849.3 billion yuan, up by 28.1 percent year on year. The total value of imports was 8,215.7 billion yuan, up by 25.9 percent year on year. The trade balance was 1,633.6 billion yuan in surplus. The trade structure continued to improve. In the first half year, the exports of mechanical and electrical products accounted for 59.2 percent of the total value of exports, up by 0.6 percentage points over the same period last year. The imports and exports of general trade accounted for 61.9 percent of the total value of imports and exports, up by 1.7 percentage points over the same period last year. The imports and exports by private enterprises accounted for 47.8 percent of the total value of imports and exports, up by 2.8 percentage points over the same period last year. In June, the total value of imports and exports was 3,291.6 billion yuan, an increase of 22.0 percent year on year. The total value of exports was 1,812.2 billion yuan, up by 20.2 percent year on year. The total value of imports was 1,479.4 billion yuan, up by 24.2 percent year on year.»


China’s export growth quickens as global vaccinations, easing lockdowns lift demand

–    Easing global lockdowns help spur demand for Chinese goods

–    Imports growth remains robust on high raw materials prices

–    Analysts say China’s exports growth may slow during 2H

–    June exports +32.2% yr/yr vs +23.1% forecast in Reuters poll

–    June imports +36.7% yr/yr vs +30.0% forecast

* * *

Beijing, July 13 (Reuters) – China’s exports grew much faster than expected in June, as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays.

But overall trade growth in the world’s second-biggest economy may slow in the second half of 2021, a customs official warned on Tuesday, partly reflecting the COVID-19 pandemic uncertainties as the Delta virus variant wreaks havoc in some countries.

Overall imports also beat expectations, though the pace of gains eased from May, with the values boosted by high raw material prices, customs data showed.

Thanks to Beijing’s efforts in largely containing the pandemic earlier than its trading partners, the world’s biggest exporter has managed a solid economic revival from the coronavirus-induced slump in the first few months of 2020.

Exports in dollar terms rose 32.2% in June from a year earlier, compared with 27.9% growth in May. The analysts polled by Reuters had forecasted a 23.1% increase.

“Exports surprised on the upside in June, shrugging off the impact of the temporary Shenzhen port closure and other supply chain bottlenecks,” said Louis Kuijs, head of Asia economics at Oxford Economics.

“The headline US$ numbers suggest that in real, sequential terms shipments held up in June, after having moderated earlier on from the record levels of end-2020.”

China’s trade performance has seen some pressure in recent months, mainly due to a global semiconductor shortage, logistics bottlenecks, and higher raw material and freight costs.

All the same, the global easings in COVID-19 lockdown measures and vaccination drives appeared to underpin a strong uptick in worldwide demand for Chinese goods.

Germany, for example, which was at first sluggish in its vaccination drive, said this month it had caught up with the United States in terms of the proportion of the population having had one shot of COVID-19 vaccine. Close to half of Americans are now fully vaccinated, while elsewhere in Europe the rate has also increased recently.

China’s strong shipment numbers last month underlined some solid factory surveys overseas. A measure of U.S. factory activity climbed to a record high in June, while Euro zone business growth accelerated at its fastest pace in 15 years. The data also showed imports increased 36.7% year-on-year last month, beating a 30.0% forecast but slowing from a 51.1% gain in May, which was the highest growth rate in a decade.

China’s crude oil imports in the first half fell 3% in their first contraction for the period since 2013, as an import quota shortage and rising global prices curbed buying, but imports of soybeans, natural gas and iron ore rose.

Asian stock markets, partly buffeted over recent weeks by concerns over the spreading Delta virus variant and easing growth rates in China, extended their gains after the trade data and were headed for the best session in more than two weeks.

China’s yuan also rose to a near one-week high against the dollar as the data tempered worries over softening GDP growth. On Friday, the People’s Bank of China said it would cut the amount of cash that banks must hold as reserves to support the economy, especially as smaller firms were unable to pass on rising raw material costs.

                         PANDEMIC UNCERTAINTIES.

China’s customs administration spokesperson Li Kuiwen said imported inflation risks were manageable, but cautioned that the country’s overall trade still faces uncertainties due to the global pandemic.

Li, speaking at a news conference in Beijing earlier in the day, said trade growth may slow in the second half of 2021, mainly reflecting the statistical impact of the high growth rate.

“But overall we think China’s foreign trade in the second half still has hopes of achieving relatively fast growth,” he said.

China posted a trade surplus of $51.53 billion for last month, compared with the poll’s forecast for a $44.2 billion surplus and the $45.54 billion surplus in May.

Asia’s economic powerhouse has contained a sporadic coronavirus outbreak in one of its major export hubs in southern Guangdong province last month. However, exporters are grappling with higher raw material and freight costs and logistics bottlenecks.

Prices for commodities such as coal, steel, iron ore and copper have surged this year, fuelled by easing pandemic lockdowns in many countries and ample global liquidity.

“The pandemic-induced surge in retail sales in advanced economies has started to reverse recently as consumption patterns begin to normalise amid reopening,” said Julian Evans-Pritchard, senior China economist at Capital Economics.

“Once retailers in these countries have rebuilt their inventories, softer consumer demand will feed through into weaker foreign demand for Chinese exports.”

China’s trade surplus with the United States swelled to $32.58 billion in June, Reuters calculations based on customs data showed, up from the May figure of $31.78 billion.

Top officials from China and the United States started exchanges in June to address mutual concerns, while the Biden administration is conducting a review of trade policy between the world’s two biggest economies, ahead of the expiry of their Phase 1 deal at the end of 2021.

Pubblicato in: Economia e Produzione Industriale, Geopolitica Asiatica, Materie Prime, Problemia Energetici

Indonesia. Carbone. Dice di volerlo dismettere e costruisce nuove centrali termiche.

Giuseppe Sandro Mela.

2021-07-08.

2021-07-08__ Indonesia Coal 001

Una buona parola amicale costa nulla, poi, si vedrà.

L’enclave liberal socialista occidentale ha dichiarato guerra al carbone e vorrebbe che tutto il mondo lo seguisse.

L’Indonesia a  parole va dicendo che entro il 2050 sarà totalmente green, ma per l’intanto costruisce numerose centrali a carbone per incrementare la propria produzione di corrente elettrica.

L’importante nella vita è essere persone pratiche.

* * * * * * *

«The electricity generation capacity in Indonesia reached about 69.6 gigawatts in 2019»

«this capacity would not be sufficient for long and additional capacities must be created quickly»

«electricity consumption will increase from the current 270 terawatt hours to over 500 terawatt hours by 2027»

«Indonesia had been relying largely on coal and gas to meet its electricity demands»

«Both raw materials are available in great quantities, are dispatchable, and the corresponding power plants can be built cheaply»

«In 2020, coal mines were obliged to sell 25 percent of the production volume on the domestic market»

«the state-owned electricity supplier PLN received a maximum price of 70 U.S. dollars per ton of coal purchased»

«the minimum target of 550 million metric tons has been met and the demand for coal is expected to rise again due to a cold winter in China and the Chinese ban on Australian coal»

«At the same time, it’s building 21 GW of new coal plants that will have an operating life until 2065»

* * *

«Indonesia set its coal benchmark price higher in July at $115.35 per tonne»

«The price is 14.97% higher than June’s benchmark price»

«Indonesia’s state-owned utility says it will start shutting down coal-fired power plants and phase them all out by 2055»

«At the same time, it’s building 21 GW of new coal plants that will have an operating life until 2065»

«Indonesia says it will begin retiring coal-fired power plants for good — while still continuing to build more than a hundred new ones»

* * * * * * *


Indonesia sets coal benchmark price at highest in a decade

Jakarta, July 5 (Reuters) – Indonesia set its coal benchmark price higher in July at $115.35 per tonne, an official document published by its energy and minerals ministry showed on Monday.

The price is 14.97% higher than June’s benchmark price and the highest since the $117.6 per tonne in May 2011, Refinitiv data showed.

The document did not show what accounted for the price jump. An energy ministry spokesman told Reuters that a statement will be issued later on Monday.

*

Indonesia to retire coal-fired power plants while also adding more

«Summary.

– Indonesia’s state-owned utility says it will start shutting down coal-fired power plants and phase them all out by 2055, amounting to 50 gigawatts of capacity.

– At the same time, it’s building 21 GW of new coal plants that will have an operating life until 2065 — a contradiction that activists say undermines the coal phase-out plan.

– The mixed message is the latest from a government that still doesn’t have a unified policy on a clean energy transition, and which continues to lavish generous subsidies and incentives on coal miners and power plant operators.

– Energy policy experts say the president needs to publicly weigh in on the issue, including declaring a deadline for Indonesia to achieve net-zero carbon emissions. ….

Indonesia says it will begin retiring coal-fired power plants for good — while still continuing to build more than a hundred new ones, in the latest mixed message from one of the last coal-friendly countries in the world»

* * *

Coal power industry in Indonesia – statistics & facts

The electricity generation capacity in Indonesia reached about 69.6 gigawatts in 2019. For a dynamic, emerging country, this capacity would not be sufficient for long and additional capacities must be created quickly. According to forecasts by the Indonesian Ministry of Energy and Mineral Resources, electricity consumption will increase from the current 270 terawatt hours to over 500 terawatt hours by 2027.

                         Indonesia’s focus on natural resources.

Indonesia had been relying largely on coal and gas to meet its electricity demands. Both raw materials are available in great quantities, are dispatchable, and the corresponding power plants can be built cheaply. Furthermore, coal in particular can be used to promote Indonesia’s export business and support remote areas in their economic development. Coal mining has therefore been a cornerstone of politics and a likely target for government interventions. In 2020, coal mines were obliged to sell 25 percent of the production volume on the domestic market and the state-owned electricity supplier PLN received a maximum price of 70 U.S. dollars per ton of coal purchased.

                         Coal production outlook.

Not surprisingly, coal producers expected a thriving market in Indonesia. However, the coal industry has also been affected by the COVID-19 pandemic and it is therefore unlikely that the coal output will have increased further in 2020. And yet, according to the Department of Energy, the minimum target of 550 million metric tons has been met and the demand for coal is expected to rise again due to a cold winter in China and the Chinese ban on Australian coal. A flourishing export market is important as around 70 to 75 percent of Indonesia’s coal production is exported abroad. The main export countries include China, India, Japan and South Korea. In 2018, about one third of the global coal exports was exported from Indonesia, making it the largest coal exporting country in world. However, the Indonesian energy program could turn the industry into an internal market. For that reason, and to achieve independence from the global market, several large Indonesian mining companies have expanded directly into the energy sector in order to become an integrated energy company that uses its own coal.

                         Coal’s impact on the environment.

On the other hand, the production of coal and especially electricity generation from coal does have an impact on the environment. Back in 2016, it was estimated that the emissions of carbon dioxide amounted to 4.6 billion metric tons in Southeast Asia. Taking current developments in Indonesia and other countries into account, not less, but more is to be expected.

Pubblicato in: Cina, Economia e Produzione Industriale

Cina. Abolite le restrizioni agli investimenti esteri nel settore energetico.

Giuseppe Sandro Mela.

2020-12-27.

Cina 015 Fiore di loto

Per meglio poter comprendere la portata di un simile provvedimento, sarebbe opportuno avere presente gli argomenti previamente trattati.

Cina. Novembre. Macrodati di una crescita impetuosa.

Cina. Novembre. Vendite auto +12.6% rispetto al novembre 2019.

Cina. Piano Verde. Costruirà 80 milioni di motori a combustione l’anno per almeno un lustro.

Cina. Novembre. Export +21.1%, Import +4.5% YoY. Saldo mensile +75.42 mld Usd.

Cina. Il caso del LU1997244873. Crescita +30% anno su anno.

Cina. Le severe sanzioni all’Australia sono un drastico monito per tutto il mondo.

Cina apre il suo mercato dei bond agli stranieri. Un mercato da 15 trilioni Usd.

Cina. Rcep. Non enfatizzato, il vero obiettivo è il controllo del mondo.

Cina. Infrastrutture, chiave di volta della crescita economica.

BlackRock anticipa l’apertura cinese alla finanza occidentale. 3.4 trilioni in tre anni.

* * * * * * *

La politica ha condizionato il settore energetico europeo concentrandolo sulle energie alternative: eolico e solare.

Al contrario, la Cina si è aperta agli investimenti e know-how

«on foreign investment in coal, oil, gas, power generation, excluding nuclear»

È una politica economica opposta a quella della Unione, ma che richiamerà grandi finanziamenti.

*


China to abolish access restrictions on foreign investment in energy sector – white paper

China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday.

Separately, a top energy official told reporters that recent power shortages in some Chinese regions are singular cases and the nation’s energy supplies including power is generally secure.

Pubblicato in: Cina, Commercio

Cina. Le severe sanzioni all’Australia sono un drastico monito per tutto il mondo.

Giuseppe Sandro Mela.

2020-11-17.

Cina 015 Fiore di loto

Il caso è, o dovrebbe essere ben noto.

Australia. New South Wales. Un caso di corruzione molto istruttivo.

Australian state premier had secret relationship with China-linked politician

Cina mette dazi severi sull’orzo australiano. Relazioni deteriorate.

Australia. Le variazioni climatiche erano incendi dolosi. 183 arresti.

Nazioni Unite ‘mange les pissenlits par la racine.’. La Australia.

* * * * * * *


Negli ultimi anni i governi australiani hanno svolto una intensa attività diplomatica criticando aspramente la politica interna cinese, usando anche toni duri e tranchant.

Per tutti questi lunghi anni la Cina ha mantenuto la calma ed ha risposto in via diplomatica, pacatamente, come sua abitudine.

Adesso la Cina ha cambiato registro.

China’s Coal Import Ban Has More Bark Than Bite

China-Australia Spat Strands 400 Seafarers as Human Crisis Looms

Stranded Coal Ships Caught in Crosshairs of China-Australia Spat

China Says Australian ‘Words and Deeds’ to Blame for Dispute

China Says Australia Knows What’s Needed to Improve Ties

China Turns to Lobsters, Wine and Coal to ‘Punish’ Australia

China Considers More Economic Pain for Australia on Virus Spat

Ha imposto all’Australia severi dazi, ha sospeso le importazioni di molte merci, ha esortato i concittadini a non viaggiare in Australia, astenendosi dal comprare merci australiane.

La manganellata commerciale ha inferto un duro colpo all’Australia, già alle prese con una profonda crisi economica, con gli incendi e con la epidemia quasi fuori controllo.

Il punto focale consiste nel fatto che mentre per l’Australia l’export verso la Cina era essenziale al suo sistema economico produttivo, al contrario per la Cina l’import che acquisiva in Australia se lo può facilmente procurare altrove.

È l’Australia ad avere bisogno della Cina, non la Cina dell’Australia.

* * * * * * *


«Australia is showing the rest of the world just how bad things can get when you stand up to China»

«Ties between the two key trading partners have been strained since 2018 when Canberra barred Huawei from building its 5G network»

«But relations have really been in the deep freeze since Prime Minister Scott Morrison’s government in April led calls for an inquiry into the origins of the coronavirus outbreak»

«Economic retribution has been swift and wide-ranging»

«Beijing has placed crippling tariffs on Australia’s barley exports, halted beef imports from several large meat plants, warned its citizens against holidaying or studying in Australia and ordered traders to stop buying at least seven commodities including coal, copper and wine»

«34% The proportion of Australian exports shipped to China in 2019»

«A$252 billion The value of two-way trade between Australia and China»

«41% The proportion of Australians who view China as more of a security threat than an economic partner»

«Beijing’s retaliation comes at a bad time as Australia tries to pull out of its first recession in almost 29 years»

«the one-sided trade war shows China’s propensity to use trade as a diplomatic cudgel and demonstrates its brand of aggressive “wolf warrior” diplomacy»

«In a bid to create a unified stance against Chinese expansionism, Australia is seeking to beef up its role in alliances such as the U.S.-backed Quad and Five Eyes intelligence-sharing network.»

* * * * * * *


Ma il problema è ben più complesso.

«Australia is showing the rest of the world just how bad things can get when you stand up to China»

Già.

La lezione impartita all’Australia è anche un warning a tutto il resto del mondo.

*


Standing Up to China Comes at a High Price for Australia.

Australia is showing the rest of the world just how bad things can get when you stand up to China.

Ties between the two key trading partners have been strained since 2018 when Canberra barred Huawei from building its 5G network. But relations have really been in the deep freeze since Prime Minister Scott Morrison’s government in April led calls for an inquiry into the origins of the coronavirus outbreak — a move that bruised China’s pride and unleashed a torrent of criticism that Australia is a puppet of the U.S.

Economic retribution has been swift and wide-ranging. Beijing has placed crippling tariffs on Australia’s barley exports, halted beef imports from several large meat plants, warned its citizens against holidaying or studying in Australia and ordered traders to stop buying at least seven commodities including coal, copper and wine. It’s a marked reversal in the once cordial relationship that saw Australia host a state visit by President Xi Jinping in 2014 and sign a comprehensive free-trade agreement a year later.

By The Numbers

    34% The proportion of Australian exports shipped to China in 2019

    A$252 billion The value of two-way trade between Australia and China

    41% The proportion of Australians who view China as more of a security threat than an economic partner, according to a survey by the Lowy Institute

Why It Matters

For the world’s most China-dependent developed economy, Beijing’s retaliation comes at a bad time as Australia tries to pull out of its first recession in almost 29 years. Still the big ticket items of iron ore and liquefied natural gas, which together make up more than 50% of Australian exports to China, have been unaffected.

More broadly, the one-sided trade war shows China’s propensity to use trade as a diplomatic cudgel and demonstrates its brand of aggressive “wolf warrior” diplomacy that’s strained ties with countries including Canada and the U.K.

Ongoing reprisals mean Australia needs to boost under-developed trading relationships with Asian powerhouses such as India and Indonesia and ink new free trade deals with the EU and U.K., following agreements in the past decade with nations such Japan and South Korea.

Aware that it’s exposed by its huge border and small population on a continent that’s thousands of miles from major allies, Australia is ramping up defense spending and is seeking to shore up security ties with similar “like-minded” democracies. In a bid to create a unified stance against Chinese expansionism, Australia is seeking to beef up its role in alliances such as the U.S.-backed Quad and Five Eyes intelligence-sharing network.

Pubblicato in: Devoluzione socialismo, Problemia Energetici, Unione Europea

Germania. Cdu e Csu litigano sul piano di uscita dal carbone.

Giuseppe Sandro Mela.

2019-06-26.

Germania. Laender 0021

«Conservative Chancellor Angela Merkel’s Bavarian allies have called for Germany to phase out coal by 2030 but the government has insisted on keeping its 2038 target, in the latest sign of strain within her coalition»

«The call by Markus Soeder, the premier of Germany’s economic powerhouse state of Bavaria, could further test Merkel’s right-left coalition administration which has been shaken by policy disputes and dire results in European Parliament elections»

«The German climate targets could be reached by 2030 only if we massively speed up the coal exit»

«The government on Monday rebuffed Soeder’s proposal and said it would stick to its plan to exit coal by 2038 as recommended by a commission of experts who estimated the phase-out would cost 40 billion euros ($45.54 billion) at least»

«Bavaria has little to lose from speeding up the coal exit. It is home to only 5 of the more than 100 coal power stations in Germany and it has no coal mines»

«Soeder’s remarks also reflect alarm within the CSU at the rise of the ecologist Greens who came in second in an election in Bavaria last year and are the most popular party nationally according to polls»

«There are mounting doubts that Merkel’s conservative-led coalition with the Social Democrats (SPD) as junior coalition partners would serve its full term until 2021»

«Critics say her abrupt decision to phase out nuclear power in Germany after the Fukushima disaster in 2011 has driven up energy prices and increased Germany’s dependence on coal»

* * * * * * *

Gli ultimi sondaggi Insa danno la Cdu al 18% e la Csu al 6%, con i Grüne al 25%.

Poiché la Csu si presenta solo in Baviera, è evidente come la Cdu sia in forte svantaggio nei confronti dei Grüne nel resto della federazione tedesca.

Il nodo è il solito: Frau Merkel.

Adesso la Csu  tenta di destabilizzare il governo portandosi su posizioni verdi oltranziste, che sa più che bene quanto siano inattuabili.

«the phase-out would cost 40 billion euros ($45.54 billion) at least»

E di questi tempi anche la Germania deve iniziare a fare attenzione con le spese voluttuarie.

Poi c’è la Spd. Ridotta ai minimi termini, brancola alla ricerca di una strategia politica, come un pugile al ko tecnico.

Infine, a mesi si terranno le elezioni in tre Länder dell’est. ed i risultati si preannunciano come un bagno di sangue per la Große Koalition.

Un’ultima considerazione.

È nella logica delle cose che Sorella Morte mieta a piene mani le persone vecchie.

Nel 2038 è verosimile che quasi tutta l’attuale classe politica tedesca sia due metri sotto terra ovvero relegata in un gerontocomio. Secondo le proiezioni Destatis a tale data la popolazione tedesca autoctona sarà dimezzata.

Ci si domanda allora: che bisogno avranno quei superstiti di energia?


Reuters. 2019-06-24. Merkel’s Bavarian allies snub her coal exit plan

Conservative Chancellor Angela Merkel’s Bavarian allies have called for Germany to phase out coal by 2030 but the government has insisted on keeping its 2038 target, in the latest sign of strain within her coalition.

The call by Markus Soeder, the premier of Germany’s economic powerhouse state of Bavaria, could further test Merkel’s right-left coalition administration which has been shaken by policy disputes and dire results in European Parliament elections.

“The German climate targets could be reached by 2030 only if we massively speed up the coal exit,” Soeder, whose Christian Social Union (CSU) is the sister party of Merkel’s Christian Democrats (CDU), told the Muenchener Merkur newspaper.

“In the end we must actually exit (coal) in 2030.”

The government on Monday rebuffed Soeder’s proposal and said it would stick to its plan to exit coal by 2038 as recommended by a commission of experts who estimated the phase-out would cost 40 billion euros ($45.54 billion) at least.

“We are determined to implement the recommendations of the coal commission,” government spokesman Steffen Seibert said on Monday.

Bavaria has little to lose from speeding up the coal exit. It is home to only 5 of the more than 100 coal power stations in Germany and it has no coal mines.

Soeder’s remarks also reflect alarm within the CSU at the rise of the ecologist Greens who came in second in an election in Bavaria last year and are the most popular party nationally according to polls.

Last year, Germany raised its target for the contribution of renewables to 65 percent by 2030 from 50 percent in a bid to reduce CO2 emissions by 55 percent over 1990 levels. It is set to miss a 2020 target aimed at cutting emissions by 40 percent.

There are mounting doubts that Merkel’s conservative-led coalition with the Social Democrats (SPD) as junior coalition partners would serve its full term until 2021.

The SPD suffered painful losses at the EU elections last month and have been under pressure to quit the coalition the reluctantly joined after election two years ago.

Their leader Andrea Nahles stepped down earlier this month as the party’s popularity in polls hit a record low.

Merkel’s climate policy has been controversial. Critics say her abrupt decision to phase out nuclear power in Germany after the Fukushima disaster in 2011 has driven up energy prices and increased Germany’s dependence on coal.