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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, 07 May 18
SOUTH KOREA STATE-OWNED UTILITY KOREA MIDLAND POWER ISSUED A TENDER FOR 1 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 mt of min. 5700 NAR coal of Australian origi ...
Monday, 07 May 18
GLOBAL COAL DEMAND ROSE ABOUT 1% IN 2017; ASIA ACCOUNTED FOR THE LARGEST INCREASE IN COAL DEMAND, UP 35 MTOE RELATIVE TO 2016 - IEA
Global coal demand rose about 1% in 2017, reversing the declining trend seen over the last two years. This growth was mainly due to demand in Asia, ...
Friday, 04 May 18
ELECTRICITY GENERATION FROM RENEWABLES WAS SECOND ONLY TO COAL IN 2017 - IEA
World electricity demand increased by 3.1 %, significantly higher than the overall increase in energy demand. Together, China and India accounted f ...
Thursday, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax
As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and pos ...
Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
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Showing 1726 to 1730 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Planning Commission, India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
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