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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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Tuesday, 20 October 15
API 5 FOB NEWCASTLE COAL SWAP CLOSED NEGATIVE
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $1.23 per ton (2.86%) month over month to US$ 41.80 per ton. The ...
Monday, 19 October 15
RUSSIA MAJOR COAL MINER KRU CUTS 4.5 MLN T/YR "UNPROFITABLE" EURO SALES - JACQUELINE HOLMES
COALspot.com: Kuzbassrazrezugol (KRU), one of Russia's largest producers of high-quality coal, plans to cut its coal exports in 2016 by about 4 ...
Monday, 19 October 15
CFR SOUTH CHINA COAL SWAP CLOSED AT $48.68 PER TON
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US cents 55 (1.12 %) per ton month over month.
A commodity ...
Monday, 19 October 15
KOMIPO SEEKS 1.28 MILLION T/Y COAL FOR DEC 2015 - Q2 2016
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,280,000 Metric Tons (MT) of minimum 4,600 kc ...
Sunday, 18 October 15
THE BDI AND OTHER INDICES CLOSED OFF ON NEGATIVE NOTE THIS FRIDAY
COALspot.com: The BDI closed off on negative note this Friday compared to previous Friday's closing.
The BDI closed this Friday (16 Octobe ...
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- Australian Coal Association
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
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