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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, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
Capesize
Still very rough seas for the big ships, with the majority of the fleet trading Far East or fronthaul and consequently earning far les ...
Wednesday, 15 January 20
ASIA PACIFIC GAS AND LNG - 6 THEMES TO WATCH IN 2020 - WOOD MACKENZIE
NEWS RELEASE
Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020
Asian LNG spot pr ...
Wednesday, 15 January 20
PREDICTIONS FOR 2020: 'SLOWBALISATION" IS THE NEW GLOBALISATION - PWC
Projecting what the future holds is an important exercise for businesses looking to plan ahead. Below we present a summary of some of the themes we ...
Wednesday, 15 January 20
SHIPPING MARKET INSIGHT - INERMODAL
Happy New Year and all the best for IMO 2020 !!
The early days of IMO 2020 coming into force have certainly had an impact on the indus ...
Tuesday, 14 January 20
SOLAS AMENDMENTS ENTERING INTO FORCE 1 JANUARY 2020 - STANDARD CLUB
While the latest amendments to MARPOL annex VI which entered into force on 1 January 2020 limiting the SOx emissions from ships has been the centre ...
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Showing 1191 to 1195 news of total 6871 |
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- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Australian Coal Association
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
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