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Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are being re-routed to other Asian countries open for business; but at lower prices. Traders have complained that custom clearances times are dramatically up on the Chinese ports, taking on average 45 days to offload, compared to 10-12 days earlier with volumes limited to a few thousands of tons. What appears to be a Chinese indirect restriction on Australian coal in particular—Australia being second biggest exporter of coal to China—the Australian dollar dropped by 1 percent following news of the apparent ban with prices under pressure in the overall market. Too bad for coal miners, but great news for coal importers.
According to a Reuters report, Australian Thermal Coal price per ton was $92.53 the past week, down from prior week’s $95.18. In the week of Feb 17, 2019 last month, the price was $89.46 at a 19-month low. Month-end data of Feb-19 shows that coal prices are down 10 percent since this month last year, and by 19 percent since Aug-18. Though some mysterious Chinese sources have told the media that
China has put a cap on Australian coking coal and thermal coal imports which in 2018 stood at 39 million tons and 49 million tons respectively—both over 20 percent of Australian global exports in the commodities. Meanwhile, there are no such barriers on Indonesian or Russian coal. Analysts believe the ban may be politically inclined (Australian government has recently put a ban on Huawei from building a 5G network) but Chinese official word is that the policy is targeting “environmental protection”, not any particular country.
According to officials, China is running safety and quality checks—which include radioactivity tests—at the ports which is causing the delays. This is apparently to safeguard the environment and coal importers in the country, though it doesn’t make sense why coal from other countries are getting a free pass. In fact, analysts believe this move is simply to safeguard the interests of domestic Chinese coal miners who are battling Australian imports which are preferred in the market due to their higher productivity. The move may even backfire since importers will be racing to the doors of other higher-grade coal producers like Indonesia.
It has been argued by Wood Mackenzie’s Research Director to the Financial Review that a prolonged ban may have adverse implications. It could raise Chinese steel makers’ prices since they will be using domestic coal whereas excess volumes of Australian coal will flood the markets that would depress coal prices. However, the restriction is limited to a few ports so far. According to Refinitiv, the financial markets arm of Reuters, the pricing is not indicative of a massive slowdown in China’s coal imports. There aren’t dramatic changes in volumes either, though the speed of vessel offloading in March may be foretelling a challenging future.
Source: Business Recorder
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
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