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Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
 "Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expected to substantially ease in 2019, even as macro concerns of slowing global GDP growth, trade issues and easing commodity prices create cause for caution," said Peabody Executive Vice President and Chief Financial Officer Amy Schwetz, as reported in Peabody Reports Earnings For Quarter and Year Ended December 31, 2018.
Continued tightness in seaborne thermal supply-demand dynamics in 2018 contributed to ongoing strength in the 6,000-specification Newcastle thermal price. The fourth quarter average prompt Newcastle thermal price eased 10 percent from the third quarter 2018 to $105 per tonne. The spread between the 6,000 Newcastle specification product and the lower-quality 5,500 product tightened to an average of approximately $42 per tonne in the fourth quarter compared to an average of approximately $48 per tonne in the third quarter.
Quarter and Year Ended December 31, 2018 report of the Peabody further noted that, the ongoing importance of the Asia/Pacific region was again highlighted in 2018. Despite import restrictions enacted by the Chinese government, Chinese thermal coal imports rose approximately 16 million tonnes in 2018, as domestic supply was outpaced by increased domestic power consumption, which grew at the highest rate since 2011. India thermal coal imports increased 18 percent to 167 million tonnes as rising domestic coal production fell short of continued strong domestic demand. In addition, ASEAN nations expanded imports by 19 million tonnes in 2018 to support ongoing urbanization. Globally, coal-fueled power plants continue to be built, with approximately 56 gigawatts of new capacity added in 2018, with another some 60 gigawatts of additional capacity expected to come online in 2019.
On the supply-side, Peabody said, lower-quality Indonesia exports rose 39 million tonnes in 2018 over the prior year primarily in response to increased demand from China and India. Both Australian and U.S. thermal coal exports remained strong, up 4 percent and an estimated 34 percent, respectively, year-over-year.
Turning to metallurgical coal, premium hard coking coal spot pricing remained high in the fourth quarter, averaging $221 per tonne. The fourth quarter index settlement price for premium hard coking coal was $212 per tonne compared to $192 per tonne in the prior year. Pricing for the low-vol PCI product also continued its strength, with a fourth quarter benchmark settlement of $139 per tonne compared to $127.50 per tonne in the prior year. Looking ahead to the first quarter 2019, the low-vol PCI benchmark price was set at $141 per tonne.
Seaborne metallurgical coal supply/demand balance remains favorable. India continues to demand metallurgical coal to meet its steel making needs, with metallurgical coal imports rising 5 percent in 2018 over the prior year. However, Chinese metallurgical coal imports eased 5 million tonnes due to an increased reliance on domestic supplies and scrap steel usage. Increased steel production from ASEAN nations also continues to support seaborne metallurgical coal demand.
Even with continued strength in pricing, supply growth remains muted with metallurgical exports from Australia and the U.S. rising 7 million tonnes and an estimated 4 million tonnes, respectively in 2018.
Within the U.S., a mix of higher seasonal demand, increased fourth quarter natural gas prices and ongoing strength in exports resulted in continued stockpile reductions despite substantial plant retirements in 2018.
Total U.S. electricity generation rose 4 percent in 2018, while coal demand fell 4 percent. However, a 16 million ton decline in total U.S. coal production and an estimated 18 million ton increase in U.S. thermal exports led to utility coal stockpiles falling 37 million tons since 2017, reaching the lowest levels since 2005. As a result of continued strength in seaborne thermal coal pricing, the Illinois Basin is forecasted to be the largest thermal exporting region in the United States.
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Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
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- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
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