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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, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Siam City Cement - Thailand
- Indian Oil Corporation Limited
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- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
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- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
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- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
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- Kartika Selabumi Mining - Indonesia
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- Power Finance Corporation Ltd., India
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- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
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- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
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