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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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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Indian Energy Exchange, India
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