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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, 26 February 20
SHIPPING MARKET INSIGHT - INTERMODAL
Coming from one of its busiest periods historically, with a list of scrubber and BWMS retrofits on a waiting list, the ship repair sector is witnes ...
Wednesday, 26 February 20
AS ALL OF THE GLOBAL COAL GIANTS EXIT SOUTH AFRICA, ESKOM TO DEPEND ON TWO MINERS FOR 70% OF ITS SUPPLY - BUSINESS INSIDER
While some of its politicians continue to imagine that coal has a future in South Africa, two key developments from the real world show that securi ...
Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
PT Delta Dunia Makmur, one of the largest coal mining company in Indonesia, has recorded an US$882 million revenue for FY 2019, 1% lower compared t ...
Tuesday, 25 February 20
SHIPPING UPDATE - ALLIED
The positive feeling and optimism for a fresh rally during the first few months of 2020 that prevailed in the tanker markets during the final quart ...
Monday, 24 February 20
COULD SOME VLSFO FUELS BE BANNED? - GIBSON
The run up to the implementation of the new IMO rules on marine fuels from1st January 2020 had owners and charterers analysing the vari ...
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Showing 1106 to 1110 news of total 6871 |
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- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
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