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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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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
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