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Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
The HeraldWARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in the industry journal Australian Coal Report.
 
As the Newcastle Heraldreported in June, environmentalists were welcoming new Korean regulations that meant the nation’s government-owned power stations were restricted to burning coal with an average sulphur content of 0.4 per cent or less over a 12-month period.
 
Sulphur content varies from mine to mine and seam to seam but while Hunter coal for power stations is generally regarded as low sulphur, it is still usually 0.5 per cent to 1 per cent sulphur.
 
In its latest, August 21, edition, ACR quotes traders saying that Indonesian coal will benefit ahead of Australian coal under the policy, although Korean power companies could still blend higher sulphur Australian coal with lower sulphur coal from Indonesia to meet the 0.4 per limit. 
 
It says the sulphur limit is being trialled in October, with cargoes being assembled now that will be used during that period.
 
Low sulphur coal is favoured because when burned, the sulphur creates sulphur dioxide, which acidifies the environment and contributes to air pollution.
 
South Korea has traditionally been the Hunter’s third largest customer after Japan, which takes more than half of its coal, followed by Taiwan, with about 15 per cent, followed closely by South Korea and then China.
 
The latest Australian Bureau of Statistics figures show that the average price of thermal coal to Korea has risen from $108 a tonne in January to $113 a tonne in June.
 
Hunter Valley Coal Chain Coordinator figures show that Newcastle coal exports are down by about 2 per cent in volume so far this year.
Source: The Herald, Australia


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Thursday, 16 August 18
COAL PRODUCTION AT 37.11 PERCENT OF FULL-YEAR TARGET - THE JAKARTA POST
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year. ...


Thursday, 16 August 18
OIL MARKET HIGHLIGHTS - OPEC
Crude Oil Price Movements In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed ...


Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself ...


Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
Capesize Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atla ...


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. ...


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