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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
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