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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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- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- The University of Queensland
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
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