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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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Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
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Showing 1306 to 1310 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
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