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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, 12 February 20
COAL INDIA WILL EXCEED LAST YEAR'S PRODUCTION FIGURES: OFFICIAL - PTI
Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year’s production figures, a to ...
Wednesday, 12 February 20
MARKET INSIGHT - INTERMODAL
The recent Coronavirus outbreak in China has led to a global health emergency by World Health Organization and it is yet to be seen how long the ph ...
Wednesday, 12 February 20
CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may wel ...
Wednesday, 12 February 20
THE SHIPPING INDUSTRY SEES FREIGHT MARKETS IN A COMPLETE STATE OF COLLAPSE AS DEMAND GETS PARALYZED DUE TO CORONAVIRUS OUTBREAK - ALLIED
With China and the world still trying to contain the effects and come to terms with the Wuhan novel coronavirus outbreak, the shipping industry see ...
Wednesday, 12 February 20
WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
In a worrying development, global steel production slowed down considerably in the fourth quarter of 2019. In the final 3 months of 2019, total cru ...
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Showing 1141 to 1145 news of total 6871 |
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- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- White Energy Company Limited
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
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