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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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Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
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- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Planning Commission, India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
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