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Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
 Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in particular.
Spot prices for delivery from Australia’s Newcastle terminal last closed at $114 per tonne, just down from Monday’s $114.50, the highest since November 2016. Coal last reached such levels back in early 2012.
Newcastle is now up by almost 130 percent from the record lows seen in early 2016.
With a near 11 percent increase since the end of 2017, Newcastle coal has far outperformed its main fuel competitor, liquefied natural gas LNG-AS.
Coal is even close to the 13.5 percent rally in Brent crude oil prices, which has come on the back of voluntary production restraint by producer cartel OPEC, supply disruptions in Venezuela and looming new U.S. sanctions against major exporter Iran.
Traders said the price rally was largely down to a surge in imports from China, as an early summer heatwave drives up electricity demand for air conditioning and industrial cooling.
“Since April, the seaborne thermal coal market has seen quite the move … with stronger Chinese demand being a key driver,” said Dutch bank ING in a note to clients, adding that this was largely down to “warmer than usual weather.”
Weather data in Thomson Reuters Eikon showed that average temperatures in China’s capital Beijing are set to surge to 29 degrees Celsius in the coming days, which is 7 degrees above the seasonal norm.
Hot weather is also supporting demand in other key demand regions in North Asia, including Japan and South Korea, traders said.
However, commodities brokerage Marex Spectron said in a note to clients this week that some of the market tightness was likely short-term and could soon wane, as the peak of the heat wave passes.
ING also said China was “set to take a step back from the seaborne market” in order to support domestic miners which could put pressure on Newcastle coal prices.
Source: Reuters
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Sunday, 28 April 19
SUPRAMAX: A 54,000DWT VESSEL OPEN GRESIK FIXED VIA AUSTRALIA, REDELIVERY CHINA, IN THE MID $12,000S - BALTIC BRIEFING
Capesize
Following the holidays, activity increased in both the Pacific and Atlantic Basins. The 5TC average rallied, closing at $8,596, up $1, ...
Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
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Showing 1411 to 1415 news of total 6871 |
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- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
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