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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, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- White Energy Company Limited
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
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