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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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Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
Thursday, 07 May 20
UKRAINE PRODUCES 2.5 MLN TONNES OF COAL IN APRIL - UKRINFORM
Ukraine produced 2.5 million tonnes of coal in April 2020, which is 39% less than planned, according to the Coal Miners Union of Ukraine.
  ...
Thursday, 07 May 20
INDIA: GOVT TO DO AWAY WITH MANDATORY WASHING OF COAL FOR THERMAL POWER UNITS - BUSINESS STANDARD
The Centre is planning to do away with the mandatory requirement of washing of coal before it is transported to thermal power stations. The Ministr ...
Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slu ...
Thursday, 07 May 20
COAL PRICE REFERENCE FALL SHARPLY IN MAY 2020 DUE TO CORONAVIRUS OUTBREAK
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- PTC India Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
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