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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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Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
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Showing 1436 to 1440 news of total 6871 |
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- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Posco Energy - South Korea
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
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