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Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
 Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal prices and adding order uncertainties for exporters, Fitch Ratings and CRU say. Miners from Australian and Indonesia are the most exposed, but the credit impact is muted thanks to sufficient rating headroom as we have already incorporated a downward pricing trend in our rating assumptions.
The Chinese coal market’s tightness has eased due to a combination of weaker demand and improved domestic supplies. Chinese coal demand has declined as residential power consumption reduced at the end of the winter heating season in mid-March and hydro supply increased in south China due to heavy rains. Chinese domestic coal supply has gradually improved in recent quarters as the pace of capacity closures has slowed and incremental capacity has been expedited to bring down fuel costs, according to CRU. Inventories at the six main power producing groups edged up to 16.0 million tonnes in late March, 13% higher than the average for 2018 of 14.1 million tonnes.
Growing domestic supply is likely to prompt the Chinese government to tighten control over thermal coal imports. This would imply higher order volatility and risks for seaborne coal suppliers targeting the Chinese market, which are mainly miners in Australia and Indonesia. The Chinese government appears to have adopted an on-and-off importing policy since 2017 by implementing stricter checks when domestic supply is sufficient and speeding up clearing when domestic supply is tight. Australian coal cargoes, for example, have been facing increasing delays clearing customs at Chinese ports since February, according to CRU.
While seaborne coal remains price competitive compared to domestic coal, risks of long clearing time and import bans may discourage Chinese consumers from using seaborne coal, especially when domestic supply is sufficient.
Australian coal producers are likely to face the risk of order cancellation, and to some degree, be forced to compete for sales in alternative countries. This may lead to weak prices in the seaborne market, especially for the mid-content-value coal of around 5,500kcal/kg that Chinese importers typically buy from Australia.
Imports from Indonesia have been less affected by the recent Chinese controls, according to press reports, although Indonesian producers are still likely to come under pressure to find new markets due to overall declining Chinese demand for seaborne coal, as well as increasing Indonesian domestic output, and weaker-than-expected domestic demand.
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Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
Tuesday, 08 December 20
PANAMAX: THE OVERALL MARKET SEEMS TO BE UNDER NEGATIVE PRESSURE - ALLIED
Capesize
A rather indifferent week for the Capesize market, with BCI 5TC figure finishing the week with slight losses of 0.8%. The Atlantic enj ...
Friday, 04 December 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 04 December 20
THE INDONESIA COAL PRICE REFERENCE REACHES THREE MONTH HIGH ON IMPROVING DEMAND OUTLOOK
COALspot.com: The Indonesia Coal Price Reference reaches three month high on improving demand outlook . The Indonesia Coal Price Reference rose by& ...
Wednesday, 02 December 20
GLOBAL MINING SECTOR OUTLOOK STABLE DUE TO CHINA'S RECOVERY - FITCH RATINGS
China’s post-pandemic economic recovery and sizeable infrastructure-focused government stimulus boosted global metals and mining prices, help ...
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Showing 716 to 720 news of total 6871 |
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- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Planning Commission, India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
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