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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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Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constan ...
Friday, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
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Showing 1056 to 1060 news of total 6871 |
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- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Economic Council, Georgia
- Petron Corporation, Philippines
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
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