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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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Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
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- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Planning Commission, India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
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