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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-fired power to help keep air conditioners cranking out cool blasts.
Spot thermal coal cargo prices from Australia’s Newcastle terminal last settled at $121.75 per tonne, their highest since February 2012 and up by a third from their 2018 low, set in April.
“Extreme heat in Asia and Europe is pushing power demand for industrial and also residential cooling above what’s normal for this time of the year,” said one utility trader, declining to be named as he was not authorised to talk about commercial matters.
“Coal has reacted stronger than natural gas because more spare coal capacity has been activated,” he said.
Temperatures in key coal-consuming regions of North Asia and Europe hit records in July and the heat that has continued into August is set to persist, meteorological services said.
Weather analyst Ed Whalen said “widespread warmth between 1-4 degrees Celsius above normal was observed across much of South Central, East, and Northeast China over the past seven days”. Hot weather would this week “dominate most of China once again,” he added.
In Japan, the unusual heatwave last week pushed temperatures in Tokyo above 41 degrees Celsius.
Beyond maximising coal-burning, Japanese utilities have cranked up old oil-fired power stations to cope with the spike in power demand, which has also sent the country’s wholesale electricity prices to record highs.
Extreme heat has also gripped large parts of Europe, with temperatures in Spain and Portugal exceeding 40 degrees Celsius and even Scandinavia seeing temperatures of more than 30 degrees.
The hot weather has also pushed up river temperatures across the region, forcing several nuclear power stations that use the waters for reactor cooling to reduce output.
European utilities, especially in Germany, have turned to coal-fired power stations to fill some of that gap, generation data in Thomson Reuters Eikon showed.
Germany and Europe are not major buyers of Australian coal, but their increased demand is still being felt as a ripple effect amid a globally tighter coal market, traders said.
Overall, thermal coal prices have this year have outperformed other fossil fuels like crude oil and liquefied natural gas, as the strong demand comes amid stagnant output while availablility in oil and gas has been rising.
Source: Reuters
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Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)
In this case, the Commercial Court fo ...
Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
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Showing 1636 to 1640 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- The University of Queensland
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- PTC India Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
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