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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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Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years
Utilities globally started changing the way they do business ye ...
Friday, 04 September 20
KOMIPO INVITED BIDS FOR AUSTRALIAN MIN 5,700 NCV COAL FOR NOVEMBER
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 260,000 MT Min.5,700 kcal/kg NCV coal November, 2020 loading. Acc ...
Thursday, 03 September 20
BRINGING SERVICES OF FTCCI CLOSER TO THE EXPORTERS AT GMR AIR CARGO COMPLEX AT SHAMSHABAD
Press Release: “FTCCI Trade Facilitation Services at your doorstep now” says J.S. Chandrashekar, IRS., Principal Commissioner of Custom ...
Thursday, 03 September 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
C ...
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- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
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