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Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
 COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank said in its Commodity Markets Outlook.
According to Commodity Markets Outlook, prices have fallen by more than 60 percent since the beginning of 2011 because of chronic oversupply and falling imports into China—the world’s largest consumer of coal—and India. Europe and United States continue to shun coal amidst a global drive towards cleaner energy, collapsing gas prices, and increasing power efficiency. Global coal supplies continue to increase aided by falling costs and depreciating producer currencies.
World Bank further noted that, China’s coal imports fell by one-third in 2015 due to slowing industrial activity, growing contributions from other sources to generate power, and government policies to limit coal use. China is suspending the approval of new mines for the next three years, and in an effort to reduce pollution coal’s share of energy consumption is to be reduced to 62.6 percent this year from 64.4 percent in 2015. In addition, rising capacity of China’s high-voltage long-distance power transmission network could suppress coastal import demand.
World Bank forecasted that, coal prices to decline 13 percent in 2016 to $50/ton, on continued weak demand and oversupply. The coal industry faces difficult market conditions, as cheap natural gas and policies that favor clean energy challenge coal’s position in the power sector.
Import demand in China is expected to continue falling, and will only partly be offset by rising demand in India and other emerging markets. Coal also faces declining consumption in the OECD, particularly in the U.S. and Europe.
Ample coal supplies are likely, in part because of the ramp-up in new capacity from earlier investment. There is also significant spare capacity in countries such as Indonesia and Australia that could be brought on-line concluded World bank in its Commodity Markets Outlook.
Source: World Bank Group. 2016. Commodity Markets Outlook, January. World Bank, Washington, DC. License: Creative Commons Attribution CC BY 3.0 IGO
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Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Minerals Council of Australia
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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