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Wednesday, 14 October 20
CHINA COKING COAL FUTURES RALLY ON REPORTED BAN ON AUSTRALIA CARGOES - REUTERS
Dalian coking coal futures rallied for a sixth straight session on Tuesday after reports surfaced that China had stopped buying coal from Australia.
China is the biggest importer of Australian coal, taking 27% of its metallurgical coal in the year ended June and 20% of its thermal coal. Coal was Australia’s second-largest export last year, behind iron ore, worth A$55 billion ($39.52 billion).
Coking coal on China’s Dalian Commodity Exchange closed 1.5% higher at 1,350 yuan a tonne, after touching a contract-high 1,373 yuan earlier in the session.
Coke futures also jumped 1.5% to 2,102.50 yuan a tonne, rising for a fifth session and hitting a contract-high 2,127.50 yuan.
Coke, the processed form of coking coal, is the primary reducing agent of the steelmaking raw material iron ore.
Australia said it was investigating media reports that China has banned its thermal and metallurgical coal, while playing down a potential sign of escalating trade tensions between the two countries.
Chinese steel mills’ reaction to the news seemed to be somewhat muted as the country’s import quota for Australian coal is “already tight”, analysts at Sinosteel Futures Co Ltd in Beijing said.
China’s coal import restrictions resurface from time to time to stabilise local prices during periods of plentiful domestic supply. There may be “another concerted effort by authorities to support the domestic market”, analysts at ANZ said in a note.
The Australian government expects coking coal purchases by China, the world’s top steel producer, to fall to 67 million tonnes this year, from about 75 million tonnes last year.
“The uncertainty (over China’s coal import policy) still exists,” Sinosteel analysts said in a note.
Iron ore futures slumped after data showed China’s imports of the raw material in September rose 8.2% from the prior month, and 9.3% from a year ago to 108.55 million tonnes.
Dalian iron ore dropped 1.6% while the Singapore Exchange benchmark slumped 2.8% by 0715 GMT.
Construction steel rebar on the Shanghai Futures Exchange dipped 0.3% and hot-rolled coil slipped 0.1%. Stainless steel lost 0.9%.
Source: Reuters
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Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
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- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
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