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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
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