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Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said.
The new virus, which originated in China, has claimed over 1,800 lives in the country, and caused widespread disruption to domestic manufacturing and global supply chains.
“Supply has been hampered in the short-term even more than demand. This has created a short-squeeze in the market, which is likely to last 2-3 months,” Rodrigo Echeverri, Noble’s head of hard commodities research, said in a presentation at the Coaltrans India conference.
He expected Chinese demand for thermal coal – mainly used for electricity generation – to fall by about 180 million tonnes due to the disease, outpaced by a loss of about 200 million tonnes of production.
China city air quality indices, which increase when industrial production picks up, and migration data show that very few workers have returned to work after an extended Lunar New Year holiday, Echeverri said.
“China is not producing right now,” he said, adding that lower box office sales and real estate transactions also pointed to a lack of consumption in China.
Elsewhere, coal production in Indonesia, the world’s largest thermal coal exporter, is expected to increase along with local demand, leaving little room for higher exports, Echeverri said.
Global demand for seaborne thermal coal is expected to fall marginally in 2020 due to a further decline in demand from Europe and the Americas, and the market is expected to be adequately supplied this year, he said.
“Going into 2020, we see that market has started to rebalance itself,” Echeverri said.
Supply in 2020 is expected to outstrip demand by 0.8%, compared with tighter market conditions in the previous two years.
Source: Reuters
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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
Thursday, 20 February 20
CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemi ...
Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...
Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the va ...
Wednesday, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
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- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
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