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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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Friday, 10 August 18
U.S. COAL PRODUCTION TO DECLINE BY 1.8% IN 2019 BECAUSE COAL EXPORTS AND COAL CONSUMPTION ARE BOTH FORECAST TO DECREASE - EIA
EIA forecasts U.S. coal production will decline by 1.1% to 766 million short tons (MMst) in 2018 despite a 5.7% (6 MMst) increase in coal exports.
...
Thursday, 09 August 18
RIO TINTO COMPLETES SALE OF REMAINING COAL ASSETS
Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion.
According to a noted post ...
Wednesday, 08 August 18
CHINA DEMANDS PREMIUM IRON ORE, COAL; MINERS MIXED IMPACT - FITCH RATINGS
China’s stricter environmental regulations and structural changes in its steelmaking industry boosts ongoing demand for high-quality iron ore ...
Wednesday, 08 August 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
Singapore's shipyard business has evolved over the decades, from shipbuilding and repairs to rig building. It's now evolving again, to cate ...
Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal- ...
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- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
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