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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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Tuesday, 26 February 19
CHINA RESTRICTS SEABORNE COAL IMPORTS - WOOD MACKENZIE
In response to news on China's Dalian port restricting seaborne coal imports, Wood Mackenzie's experts provide the following commentary.
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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevai ...
Friday, 22 February 19
AUSTRALIAN HIGH CV THERMAL COAL PRICES AT 19-MONTH LOW, BUT NOT FOR LONG - WOOD MACKENZIE
The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has be ...
Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that ow ...
Wednesday, 20 February 19
SHIPPING MARKET INSIGHT - INERMODAL
Market experts mostly agree that the recent dry bulk market downtrend was caused by seasonal slowdown amid the Chinese New Year celebrations in com ...
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- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
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