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Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the country’s spot market have touched a new high this week from the combination of continued tight coal supplies and roaring energy demand.
As of January 19, Mysteel’s price assessment for 5,500 kcal/kg Shanxi blend thermal coal had soared by another Yuan 110/tonne ($17/t) on week to $1,045/t at Qinhuangdao port in North China’s Hebei province, the highest since Mysteel launched the data series in December 2008. The price increase had accelerated since last month when cold waves started to hit the country.
Over 80% of steaming coal demand from Chinese end-users is supplied under medium- or long-term contracts and currently priced at around Yuan 540-550/t. The balance is sourced via the spot market, Mysteel Global understands.
“I never expected that spot coal prices would rise above the Yuan 1,000/t level,” commented a trader in Shanghai.
Although electricity demand for household use has eased slightly of late as daytime temperatures have warmed, the country is still stuck in a tough period for coal supply that may last until the end of January, commented an industry source in North China.
“There are many vessels at ports in Bohai Bay in North China awaiting coal loading. They will need to wait for one or two more weeks before they can depart to eastern or southern China, as now the port stocks are low,” he explained. Ports in Bohai, including Jingtang, Qinhuangdao and Huanghua in North China, are China’s core conduit for coal transhipment from coal mining regions in North and Northwest China to end-users in East and South China, Mysteel Global noted.
The resurgence of the COVID-19 pandemic in North China’s Hebei close to Bohai Bay is posing another challenge for steady coal supply. Local coal deliveries have been affected by virus containment measures including truck transportation regulations, he noted, adding that the spot coal price will likely keep climbing to above Yuan 1,100/t.
For example, Yulin city in Northwest China – a key region for thermal coal mining in the country – has ordered all truck drivers to provide negative results for COVID-19 tests taken within three days of the trucks arriving in the city for coal loading. Also, truck drivers from regions regarded by the authorities as high- and medium-risk areas for the pandemic must undergo a 14-day quarantine period, according to a government release on January 18.
As of 0:00 January 19, four regions had been temporarily identified as being at high risk from the pandemic, among which are Shijiazhuang city and Xingtai city in Hebei province. The number of medium-risk areas totalled 60 as of Tuesday, among which 36 are in Hebei, according to official information.
Meanwhile, the low temperatures in North China have also adversely impacted coal unloading from rail wagons to ports, said a Shanghai-based market watcher. “The whole logistics cycle for coal transportation – via wagons to ports, unloading and then wagons returning to mining regions to be loaded again – has been extended,” he said. “Due to the low temperatures, coal readily freezes to the wagons so these days additional manual force is needed to remove all coal from trains,” he explained.
Central and local government authorities have noted the sustained supply tightness of coal and have been adopting measures to secure the country’s energy supply, Mysteel Global notes.
For example, China’s National Development and Reform Committee (NDRC) noted in a conference on January 13 that domestic coal miners and gas field workers must be encouraged to work to the fullest extent possible without jeopardising safety. Also, the country’s electricity generators are to be prepared for high power-consumption loads, according to an NDRC release on January 15.
China’s Customs has also shortened the clearance period for imported coal to ease domestic supply pressure. During last December alone, the country’s thermal coal imports surged by 27.3 million tonnes on month to 39.1 million tonnes, according to the Customs data, making for the fastest on-month increase on record. Domestic bookings for thermal coal from Indonesia, China’s largest source of steaming coal imports, remained firm in January, while the country’s Australian coal procurement remained in a lull, Mysteel Global understands.
Source: Mysteel
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Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements
The traditional S-curve growth exhibited by disruptive te ...
Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...
Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...
Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...
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- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
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