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Friday, 13 November 15
WEAK CHINA POWER DEMAND DAMPENS COAL CONSUMPTION - FITCH
 The weak growth in China's electricity consumption in 2015, together with increasing non-thermal power generation capacity are exerting more pressure on the thermal coal market, which is already suffering from over capacity, says Fitch Ratings.
Fitch Ratings further says, overcapacity looms in China's power generation industry, with coal-fired power at most risk. China is experiencing the slowest power consumption growth in three decades - power consumption only increased 0.8% yoy during 9M15, largely due to a 0.9% yoy drop in industrial demand that accounts for 70% of overall power usage. Despite weak electricity demand, generation capacity increased by 9.4% yoy in the same period, of which half came from renewable and nuclear generation sources. Coal-fired power supply contracted 2.2% yoy during 9M15. China's total coal consumption in 9M15 was 2.9bn metric tonnes (MT), down 4.6% from the same period last year.
Consumption of coal-fired power is unlikely to increase significantly in the next 12 to 18 months, given our expectation of weaker economic growth in China, as well as the overall reduction in the energy intensity of the Chinese economy.
Furthermore, "we expect significant addition of renewable-energy generation capacity in the medium term, which is likely to further depress utilisation levels of coal-fired power plants in the absence of a substantial pick up in the energy-intensive industries. Some 177GWs of new generation capacity was under construction as of September 2015, or 13% of 2014 total installed capacity; clean energy sources account for just over 50% of this additional capacity.", says Fitch.
China's key thermal coal reference price, the Qinhuangdao 5,500-kilocalorie power coal price, has fallen 30% to CNY360/MT at end-October 2015, from CNY515/MT at the beginning of 2015. Prices have continued to be under pressure despite imports falling 29.8% yoy to 156m MT in 9M15, and domestic production falling 4.3% yoy to 2.7bn MT in 9M15 following production cuts, including cuts by large operators such as China Shenhua Energy Company Limited (A+/Stable) and China Coal Energy Company
Limited.
"We expect sustained low coal prices and the limited potential for further cost cuts to lead to more mine closures, which will bring some balance to the market over the medium-term. This may also lead to some consolidation in the highly fragmented coal mining industry in China, with large players increasing their market share - this is more likely to happen via stronger players sustaining or increasing their production as the weak leave the market, than by strong players acquiring distressed assets."Fitch Concluded.
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Sunday, 25 October 15
ANOTHER DISAPPOINTING WEEK FOR PANAMAX; INDEX FELL 5.4 PERCENT W-W
COALspot.com: The BDI was slightly up by 2.65 pct closing at 774 points mainly because of Cape index which was up by 10.85 pct closing at 1461 poin ...
Sunday, 25 October 15
DRY BULK SHIP OWNERS ARE LOOKING TO CHINA'S POLICIES FOR CUES ON FUTURE MARKET DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China’s hard or softer landing is a thing which has troubled dry bulk shipping for a couple of years now, as owners have been hit by the coun ...
Friday, 23 October 15
WILL INDIAN DOMESTIC COAL PRICES BE ABLE TO COMPETE IMPORTED COAL PRICES IF THE CURRENT TREND CONTINUES?
COALspot.com: The Most of the Indian end-users are waiting for last minute purchase to enjoy every drop in price. Coal procurement managers are als ...
Friday, 23 October 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING OCTOBER 17 DECLINED FOR THE SECOND STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.6 million shor ...
Wednesday, 21 October 15
RUSSIA'S CARBO ONE COAL SALES TO HIT 50 MLN T/YR - JACQUELINE HOLMES
COALspot.com: Russia's Carbo One has become one of the world's leading physical coal traders with an annual volume approaching 50 million t ...
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- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- The University of Queensland
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
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