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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, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It co ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from ...
Monday, 08 April 19
CHEAP COAL SWELLS IN SOUTHEAST ASIA, FOILING GLOBAL GREEN PUSH - NIKKEI
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel unde ...
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Showing 1426 to 1430 news of total 6871 |
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- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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