COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
German Coal Importer Association LogoCOALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its latest presentation released recentenly. According to VDKi, the modest increase of 1.2% or 19m tonnes occurred mainly in Asia (+ 1.4%) and in the Middle East (+ 7.7%). Production was not increased in Europe or North America either, while it was reduced in Russia, South America and Australia. The pig iron production that is so significant for coking coal, PCI coal and coke consumption increased by only 13m tonnes, or 1%, to 1.18bn tonnes.

German Coal Importer Association further noted that, the supplier structure on the seaborne coking coal world market, which in 2014 grew by 30m tonnes to a total of 309m tonnes, has not changed significantly. While Australia's market share has increased in absolute terms by 15m tonnes, in relative terms it has now fallen by one percentage point to 60%. The USA and Canada, by way of contrast, lost market shares and now jointly account for 27% of the market. Russia managed to double its share to 10%.

“ Worldwide coke production is stagnating at around 682m tonnes. The world coke market, on the other hand, is only a very small market with 19m tonnes and a share of 2.8% in worldwide coke production”, German Coal Importer Association.

Prices
Commenting on prices of coking coal, VDKi noted that, the downward trend in coking coal prices persisted in 2014. As a result of low growth in demand, accompanied by a significant increase in supply and the insufficient decommissioning of mines around the world, both coking coal and coke prices decreased in 2014. While prices of between 127 and 132 US$/t were still being paid for coking coal at the beginning of 2014, this price fell to below 113 US$/t by mid-2014 and remained steady there within a fluctuation range of 110-113 US$/t until the end of 2014. Any belief that the market had bottomed out, however, was crushed at the beginning of 2015, when prices again came under pressure and fell to 100-102 US$/t up until March. The main reason for this is the reduced production of iron and steel around the world.

The Association further said that, the price for a tonne of coke FOB China fell along with the coking coal prices and amounted to some 240 US$/t at the beginning of 2014. In the further course of the first half-year of 2014 the price was fluctuating between 195 US$/t and 237 US$/t and then falling continuously again in the second half of 2014 until it reached 178 US$/t.

German Coal Importer Association also said that, the Germany imported 11.8m tonnes of coking coal in 2014, 15% more than in 2013 (10.2m tonnes). The main supplier countries for Germany are Australia, the USA and Canada.

Freight rates
Association also analysed on trend of freight in 2014 and commented that, this is another market characterised by overcapacities and low prices. In 2014, the Baltic Dry Index (BDI), which is calculated from the indices of the four ship groups Capesize, Panamax, Supramax and Handysize, again surrendered the slight recovery that it had made in 2013 with 1,206 points. By April last year, the BDI had fallen to below 1,000 points and in the second half of the year it reached its all-time low of 723 points.

The reasons for the persistent weakness of the freight market are overcapacities in freight space without any commensurate increases in demand, and a shift of ore and coal imports to the Pacific (in other words Australia) instead of the Atlantic (in other words Brazil for iron ore, the USA and Canada for coking coal) with correspondingly shorter routes. Aside from divergences at short notice caused by seasonal factors, the weekly freight rates for the route Colombia - ARA fluctuated within a range from 6-14 US$/t.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 26 August 15
2Q'16 FOB INDONESIA COAL SWAP FALLS NEARLY 4.76 PER CENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week. The 4Q swap was declined $ 2.20 (-5.13%) p ...


Tuesday, 25 August 15
INDONESIA MINERS' NPLS TO RISE FURTHER, BANK RISKS BUILD - FITCH
The NPLs of Indonesian mine and mine services companies are likely to rise further in the short term, says Fitch Ratings, after reaching multi-year ...


Tuesday, 25 August 15
MINER'S EARNINGS DROP ON FALLING COAL PRICES; Q2'16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 52.23 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week. The 4Q swap was down US$ ...


Monday, 24 August 15
FOB NEWCASTLE COAL SWAPS HIT FRESH LOW, DIPPING BELOW $42 A TON
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 2.20 per MT (-5.01%) month over month to US$ 41.70 per mt. The swap ...


Monday, 24 August 15
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 48.65 PMT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.89 (3.74%) per MT month over month. A commodity ...


   569 570 571 572 573   
Showing 2851 to 2855 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sindya Power Generating Company Private Ltd
  • Therma Luzon, Inc, Philippines
  • London Commodity Brokers - England
  • Indonesia Power. PT
  • Semirara Mining Corp, Philippines
  • Barclays Capital - USA
  • IBC Asia (S) Pte Ltd
  • Bayan Resources Tbk. - Indonesia
  • Coal Orbis AG
  • Meralco Power Generation, Philippines
  • Goldman Sachs - Singapore
  • Posco Energy - South Korea
  • PLN - Indonesia
  • Gujarat Sidhee Cement - India
  • SMG Consultants - Indonesia
  • Attock Cement Pakistan Limited
  • PNOC Exploration Corporation - Philippines
  • CoalTek, United States
  • PLN Batubara - Indonesia
  • Samsung - South Korea
  • Power Finance Corporation Ltd., India
  • KPCL - India
  • Vale Mozambique
  • Kalimantan Lumbung Energi - Indonesia
  • J M Baxi & Co - India
  • Coeclerici Indonesia
  • Grasim Industreis Ltd - India
  • Cebu Energy, Philippines
  • Global Green Power PLC Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Kepco SPC Power Corporation, Philippines
  • Ind-Barath Power Infra Limited - India
  • Coaltrans Conferences
  • Rio Tinto Coal - Australia
  • Oldendorff Carriers - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Uttam Galva Steels Limited - India
  • Thailand Anthracite
  • Salva Resources Pvt Ltd - India
  • McConnell Dowell - Australia
  • Enel Italy
  • Vijayanagar Sugar Pvt Ltd - India
  • Bank of America
  • Bukit Asam (Persero) Tbk - Indonesia
  • Star Paper Mills Limited - India
  • Cargill India Pvt Ltd
  • Britmindo - Indonesia
  • Videocon Industries ltd - India
  • Standard Chartered Bank - UAE
  • Eastern Energy - Thailand
  • South Luzon Thermal Energy Corporation
  • Latin American Coal - Colombia
  • Kapuas Tunggal Persada - Indonesia
  • Maersk Broker
  • GMR Energy Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Jaiprakash Power Ventures ltd
  • Ceylon Electricity Board - Sri Lanka
  • Borneo Indobara - Indonesia
  • Runge Indonesia
  • KEPCO - South Korea
  • Sinarmas Energy and Mining - Indonesia
  • Independent Power Producers Association of India
  • Ernst & Young Pvt. Ltd.
  • EIA - United States
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • OCBC - Singapore
  • Coastal Gujarat Power Limited - India
  • Chamber of Mines of South Africa
  • Barasentosa Lestari - Indonesia
  • globalCOAL - UK
  • ING Bank NV - Singapore
  • VISA Power Limited - India
  • Argus Media - Singapore
  • Indian School of Mines
  • Krishnapatnam Port Company Ltd. - India
  • Semirara Mining and Power Corporation, Philippines
  • GB Group - China
  • Maruti Cements - India
  • Medco Energi Mining Internasional
  • Cemex - Philippines
  • Straits Asia Resources Limited - Singapore
  • MS Steel International - UAE
  • Economic Council, Georgia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Reliance Power - India
  • Indian Oil Corporation Limited
  • Gujarat Mineral Development Corp Ltd - India
  • The Treasury - Australian Government
  • Freeport Indonesia
  • Geoservices-GeoAssay Lab
  • Siam City Cement PLC, Thailand
  • World Coal - UK
  • KOWEPO - South Korea
  • Coal India Limited
  • Chettinad Cement Corporation Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Orica Mining Services - Indonesia
  • Coalindo Energy - Indonesia
  • Lanco Infratech Ltd - India
  • Singapore Mercantile Exchange
  • PowerSource Philippines DevCo
  • Aditya Birla Group - India
  • Banpu Public Company Limited - Thailand
  • Marubeni Corporation - India
  • Australian Commodity Traders Exchange
  • Tata Chemicals Ltd - India
  • Mercator Lines Limited - India
  • World Bank
  • Edison Trading Spa - Italy
  • ASAPP Information Group - India
  • BRS Brokers - Singapore
  • Kideco Jaya Agung - Indonesia
  • Ambuja Cements Ltd - India
  • Agrawal Coal Company - India
  • Central Electricity Authority - India
  • Mitra SK Pvt Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Price Waterhouse Coopers - Russia
  • Heidelberg Cement - Germany
  • Tata Power - India
  • Ince & co LLP
  • Gujarat Electricity Regulatory Commission - India
  • HSBC - Hong Kong
  • Credit Suisse - India
  • Electricity Generating Authority of Thailand
  • Platts
  • Deutsche Bank - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • ETA - Dubai
  • Adani Power Ltd - India
  • CNBM International Corporation - China
  • Vitol - Bahrain
  • GAC Shipping (India) Pvt Ltd
  • Timah Investasi Mineral - Indoneisa
  • bp singapore
  • Indonesian Coal Mining Association
  • Bangkok Bank PCL
  • PetroVietnam Power Coal Import and Supply Company
  • Gupta Coal India Ltd
  • Planning Commission, India
  • JPMorgan - India
  • Georgia Ports Authority, United States
  • Bank of China, Malaysia
  • Petrochimia International Co. Ltd.- Taiwan
  • SRK Consulting
  • Mjunction Services Limited - India
  • Altura Mining Limited, Indonesia
  • Simpson Spence & Young - Indonesia
  • Petrosea - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Africa Commodities Group - South Africa
  • Eastern Coal Council - USA
  • Meenaskhi Energy Private Limited - India
  • PTC India Limited - India
  • Bharathi Cement Corporation - India
  • Rashtriya Ispat Nigam Limited - India
  • Thiess Contractors Indonesia
  • KPMG - USA
  • Deloitte Consulting - India
  • Toyota Tsusho Corporation, Japan
  • PetroVietnam
  • Noble Europe Ltd - UK
  • Vedanta Resources Plc - India
  • Energy Link Ltd, New Zealand
  • Indo Tambangraya Megah - Indonesia
  • SASOL - South Africa
  • Billiton Holdings Pty Ltd - Australia
  • India Bulls Power Limited - India
  • Berau Coal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Sree Jayajothi Cements Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • APGENCO India
  • Orica Australia Pty. Ltd.
  • Maharashtra Electricity Regulatory Commission - India
  • Riau Bara Harum - Indonesia
  • Thomson Reuters GRC
  • Global Coal Blending Company Limited - Australia
  • The India Cements Ltd
  • Jindal Steel & Power Ltd - India
  • Thai Mozambique Logistica
  • Surastha Cement
  • Japan Coal Energy Center
  • Infraline Energy - India
  • Petron Corporation, Philippines
  • UBS Singapore
  • Merrill Lynch Bank
  • Vizag Seaport Private Limited - India
  • Lafarge - France
  • TNB Fuel Sdn Bhd - Malaysia
  • IMC Shipping - Singapore
  • Indika Energy - Indonesia
  • Arutmin Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Mitsubishi Corporation
  • IOL Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Wilmar Investment Holdings
  • Platou - Singapore
  • Inco-Indonesia
  • ICICI Bank Limited - India
  • Shenhua Group - China
  • SN Aboitiz Power Inc, Philippines
  • Qatrana Cement - Jordan
  • Anglo American - United Kingdom
  • LBH Netherlands Bv - Netherlands
  • Dalmia Cement Bharat India
  • TRAFIGURA, South Korea
  • Indian Energy Exchange, India
  • Intertek Mineral Services - Indonesia
  • Jatenergy - Australia
  • Thermax Limited - India
  • Manunggal Multi Energi - Indonesia
  • NALCO India
  • Cement Manufacturers Association - India
  • Tanito Harum - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Fearnleys - India
  • DBS Bank - Singapore
  • ANZ Bank - Australia
  • Bukit Baiduri Energy - Indonesia
  • TANGEDCO India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Electricity Authority, New Zealand
  • Interocean Group of Companies - India
  • Thriveni
  • Maheswari Brothers Coal Limited - India
  • Bhoruka Overseas - Indonesia
  • Coal and Oil Company - UAE
  • Jorong Barutama Greston.PT - Indonesia
  • Energy Development Corp, Philippines
  • Adaro Indonesia
  • SGS (Thailand) Limited
  • Minerals Council of Australia
  • Peabody Energy - USA
  • GNFC Limited - India
  • Larsen & Toubro Limited - India
  • TNPL - India
  • Cosco
  • Romanian Commodities Exchange
  • Xindia Steels Limited - India
  • Central Java Power - Indonesia
  • Karaikal Port Pvt Ltd - India
  • McKinsey & Co - India
  • Siam City Cement - Thailand
  • Cigading International Bulk Terminal - Indonesia
  • Sical Logistics Limited - India
  • Sucofindo - Indonesia
  • Sakthi Sugars Limited - India
  • Bangladesh Power Developement Board
  • Clarksons - UK
  • Ministry of Transport, Egypt
  • Kobe Steel Ltd - Japan
  • White Energy Company Limited
  • Parry Sugars Refinery, India
  • Total Coal South Africa
  • Australian Coal Association
  • Neyveli Lignite Corporation Ltd, - India
  • Kohat Cement Company Ltd. - Pakistan
  • Savvy Resources Ltd - HongKong
  • Indogreen Group - Indonesia
  • RBS Sempra - UK
  • UOB Asia (HK) Ltd
  • Global Business Power Corporation, Philippines
  • Ministry of Finance - Indonesia
  • U S Energy Resources
  • Malabar Cements Ltd - India
  • Xstrata Coal
  • EMO - The Netherlands
  • CIMB Investment Bank - Malaysia
  • Madhucon Powers Ltd - India
  • GHCL Limited - India
  • IEA Clean Coal Centre - UK
  • Sarangani Energy Corporation, Philippines
  • Metalloyd Limited - United Kingdom
  • Asian Development Bank
  • Parliament of New Zealand
  • Commonwealth Bank - Australia
  • Carbofer General Trading SA - India
  • Core Mineral Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • TeaM Sual Corporation - Philippines
  • Inspectorate - India
  • Gresik Semen - Indonesia
  • BNP Paribas - Singapore
  • Bhatia International Limited - India
  • Mintek Dendrill Indonesia
  • Merrill Lynch Commodities Europe
  • Panama Canal Authority
  • Humpuss - Indonesia
  • Russian Coal LLC
  • Wood Mackenzie - Singapore
  • Glencore India Pvt. Ltd
  • Iligan Light & Power Inc, Philippines
  • New Zealand Coal & Carbon
  • Bukit Makmur.PT - Indonesia
  • CCIC - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Sojitz Corporation - Japan
  • Binh Thuan Hamico - Vietnam
  • Moodys - Singapore
  • Renaissance Capital - South Africa
  • Ministry of Mines - Canada
  • Alfred C Toepfer International GmbH - Germany
  • Indorama - Singapore
  • CESC Limited - India
  • Mechel - Russia
  • WorleyParsons
  • Rudhra Energy - India
  • JPower - Japan
  • Essar Steel Hazira Ltd - India
  • Permata Bank - Indonesia
  • MEC Coal - Indonesia
  • Baramulti Group, Indonesia
  • Trasteel International SA, Italy
  • Maybank - Singapore
  • NTPC Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Samtan Co., Ltd - South Korea
  • Antam Resourcindo - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • ACC Limited - India
  • Pinang Coal Indonesia
  • Asia Cement - Taiwan
  • Mercuria Energy - Indonesia
  • Formosa Plastics Group - Taiwan
  • Asmin Koalindo Tuhup - Indonesia
  • Shree Cement - India
  • Idemitsu - Japan
  • Bulk Trading Sa - Switzerland
  • Makarim & Taira - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • TGV SRAAC LIMITED, India
  • SUEK AG - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Arch Coal - USA
  • European Bulk Services B.V. - Netherlands
  • Bhushan Steel Limited - India
  • Tamil Nadu electricity Board
  • Aboitiz Power Corporation - Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mitsui
  • San Jose City I Power Corp, Philippines
  • The State Trading Corporation of India Ltd
  • Cardiff University - UK
  • GVK Power & Infra Limited - India
  • Kumho Petrochemical, South Korea
  • The University of Queensland
  • SMC Global Power, Philippines
  • Malco - India
  • IHS Mccloskey Coal Group - USA