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Friday, 27 March 20
S.KOREA Q1 THERMAL COAL IMPORTS SET FOR 10-YR LOW ON ANTI-POLLUTION MEASURES - REUTERS
 South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronavirus outbreak has reduced the country’s demand for electricity.
South Korea, the world’s No.4 coal importer, is expected to import around 19.85 million tonnes of thermal coal for the first three months, down 19.2% year-on-year, according to Reuters calculations based on customs data and ship tracking data from Refinitiv Eikon.
That would be the country’s lowest first-quarter imports since 2010 when it imported 19.55 million tonnes. Demand is normally high during the quarter, which covers the winter months, running at 24-26 million tonnes over the past three years.
The drop in imports comes after South Korea imposed tougher restrictions on coal-fired power from December through March, halting nearly half of the country’s 60 coal power plants by March as part of efforts to improve air quality.
Meanwhile, analysts said the coronavirus outbreak had reduced demand for electricity as business and factory activity slows. South Korea has faced the region’s biggest COVID-19 epidemic outside of China, with over 9,000 cases.
“We expect South Korea’s overall power consumption to fall in light of growth pressures stemming from the COVID-19 outbreak,” said Daine Loh, an analyst at Fitch Solutions.
South Korea’s daily peak power demand has averaged 70,633 megawatts (MW) so far in the first quarter of 2020, down 3.5% from 73,224 MW a year earlier, according to data from Korea Electric Power Corp (KEPCO).
Coal power typically produces about 40% of South Korea’s total electricity, followed by nuclear and gas power.
With reduced power consumption and demand in the midst of the coronavirus outbreak, coal power’s share of total power generation is expected at nearly 39% in 2020, down from 40% in 2019, Loh said.
Coal could also face increased competition from gas-fired power on the back of lower oil prices, said Shirley Zhang, an analyst from Wood Mackenzie.
In the first three months of the year, South Korea’s liquefied natural gas (LNG) imports are expected to grow 25.2% year-on-year to 12.9 million tonnes, Refinitiv data showed.
“Lower oil prices will keep the LNG price lower, which will support anti-coal policy moves and increase the economic incentives for it to potentially outcompete some coal generation if sustained low and long enough,” Zhang said.
Source: Reuters (Reporting By Jane Chung; editing by Richard Pullin)
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Friday, 17 April 20
PANDEMIC TO BRING ASIA'S 2020 GROWTH TO HALT FOR 1ST TIME IN 60 YEARS - IMF: REUTERS
Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented ...
Friday, 17 April 20
OPEC BRACES FOR OIL MARKET'S "HISTORIC SHOCK"
OPEC released its much anticipated April monthly report.
Crude Oil Price Movements
Crude oil prices collapsed in March 2020, rec ...
Friday, 17 April 20
SAUDI ARABIA'S MAY 2020 OSPS FOR CRUDE EXPORTS BODE WELL FOR ASIAN REFINERS - WOOD MACKENZIE
On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes about Saudi Arabia ...
Friday, 17 April 20
SEABORNE COAL PRICES UNDER PRESSURE AS DEMAND SOFTENS IN CHINA, INDIA - CLYDE RUSSELL
Worrying signs are emerging for coal exporters to the world’s biggest markets in Asia, as top buyers China and India move to favour domestic ...
Thursday, 16 April 20
THERMAL POWER SECTOR FACES BLEAK SCENARIO POST-COVID SITUATION - THE HINDU BUSINESS LINE
The centre should take a fresh look at coal-energy value chain as the sector tops the chart on loan defaults.
Covid-19 may have serv ...
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- Economic Council, Georgia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
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