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Tuesday, 20 January 15
INDIA TO SURPASS THE UNITED STATES AND BECOME THE SECOND-LARGEST COAL CONSUMER IN THE WORLD BY 2019 - IMF
COALspot.com: In 2013, coal added more primary energy than any other fuel and was the fastest-growing fossil fuel, enhancing its position as the second-largest primary energy source and closing the gap with oil, IMF said in its latest Medium-Term Coal Market Report.
According to IMF, in 2014, coal oversupply persisted and very low coal prices continued to dominate, as they have since 2011. The domestic oversupply in China – accompanied by price reduction from the major producers to protect their market share – has strongly impacted international markets, which were likewise oversupplied by expansions by all major exporters. Imported European steam coal prices, one of the main reference prices worldwide, were in the $70-80/ton range during 2014, compared to over $120/ton in March 2011.
Commented on Australian met coal, IMF noted that, Australian met coal was in a very narrow band between $112/ton and $116/ton since April 2014, compared to March 2011 when it averaged over $320/ton. With persistent low prices, the strategy of producers is to reduce costs. In the medium term, despite low prices, expansions will happen. There are many projects in different phases of development ready to start or ramp up production, although most of them will not do so at current prices.
In Medium-Term Coal Market Report, IMF further noted that, global coal demand grows on average +2.1% per year over the outlook period, from 5690 million tons of coal- equivalent (Mtce) in 2013, to 6462 Mtce by 2019.
Coal demand in non-OECD countries (members of Organisation for Economic Co-operation and Development) will grow on average +3.0% per year from 4239 Mtce in 2013 to 5060 Mtce in 2019. Most incremental demand volumes are projected for China (+471 Mtce) and India (+177 Mtce), enabling India to surpass the United States and become the second-largest coal consumer in the world by 2019, IMF concluded.
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Sunday, 11 January 15
BDI DECLINED 8% ON WEEK; BCI LOST 31%
COALspot.com: The BDI continued its decline in the first week of this year or lost 8 pct week over week. The BDI was closed at 709 points whi ...
Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
U.S. Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports.
According to U.S. Ene ...
Friday, 09 January 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 2.2% Y-O-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
Thursday, 08 January 15
INDONESIA PRESSES ON WITH HIGHER COAL ROYALTY FEE TO BOOST STATE REVENUE - JG
The Indonesian government is pressing on with its plan to raise the royalty charged to coal miners in order to increase state revenue, but the move ...
Wednesday, 07 January 15
FUEL EFFICIENT SHIPS MAKE LESS SENSE IN LOWER BUNKER PRICE MARKET, BUT FUEL COSTS ARE BOUND TO RISE AGAIN
The shipping industry entered 2015 on mixed emotions, as a relatively buoyant tanker market is met by a rather lackluster dry bulk market. Still, a ...
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- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Planning Commission, India
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
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