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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, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...
Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...
Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...
Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
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Showing 1716 to 1720 news of total 6871 |
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- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
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