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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, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
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Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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Showing 1346 to 1350 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- The University of Queensland
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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