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Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March
APAC thermal coal has resumed its price surge since March this year. The benchmark Newcastle 6,000kcal/kg grade coal increased by 52% in the past four months to USD136/tonne by end-June, Fitch Ratings said in its latest APAC Thermal Coal Watch report.
The high prices are largely supported by tight supply in China against the backdrop of a global commodities bull market, while 1Q21 import volume from major Asian importing countries remained slightly lower than 2019 and 2020 levels.
Supply Shortage in China
APAC Thermal Coal Watch report noted that, China’s benchmark Qinhuangdao 5,500kcal/kg coal price made a drastic return to nearly CNY1,000/tonne by end-June, after a correction to CNY566/tonne at end February. The 6M21 average price reached CNY792/tonne. China’s power generation in 5M21 rose by14.9% yoy, which translated to a solid average annual growth of 6.9% from 5M19. Meanwhile, supply remains subdued due to limited new capacity in 5M21 and safety and environmental speculations from local governments.
Inventories at power plants and coal mines are at relatively low levels, further exposing prices to strong volatility.
More Production Expected in 2H21
APAC Thermal Coal Watch report also noted, China’s National Development and Reform Commission (NDRC) expects coal prices to enter a downward trend from July, according to a recent interview of a NDRC official by state-owned Xinhua News Agency. The NDRC official revealed that more supply was arranged, including resumed production from previously suspended capacity and larger approved quota for some operational mines. China’s coal production edged up by 1.3% in May from April but was still 7.3% below the high level in December last year.
Indonesian Coal Price Improves
According to APAC Thermal Coal Watch report of Fitch Ratings, the Indonesian 4,200kcal index has also increased to over USD50/tonne since May this year reflecting strong Chinese import demand and the soft cap on Australian coal. However, Fitch expects prices to taper off througout the rest of the year following improving Chinese production and easing demand. The1Q21 performance has improved significantly for Indonesian miners and mining contractors.
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Wednesday, 28 July 21
IN THE PHILIPPINES, COAL’S DEMISE MAKES WAY FOR A RENEWABLE ENERGY BOOM - IEEFA
Imported gas lock-in could undermine the economic benefits of a clean energy transition
The Philippines’ energy sector is on t ...
Wednesday, 28 July 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during this first half of the year, we continue to come across surprises and new restrictions which are trembling ...
Saturday, 24 July 21
UNDERSTANDING INDIA'S LATEST PEAK POWER DEMAND RECORD - IEEFA
Ramping up solar will be crucial as peak power demand hits during the day
At around noon on 7 July 2021, India’s instantaneous ...
Wednesday, 21 July 21
MARKET INSIGHT - INTERMODAL
Dry Buk Sales and Purchase activity has heated up during 2021, reaching record high levels during the first half of the year. The increased interes ...
Monday, 19 July 21
CHINA'S COAL OUTPUT UP 6.4 PCT IN H1 - XINHUA
China’s raw coal output climbed 6.4 percent year on year to 1.95 billion tonnes in the first six months of the year, official data showed.
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- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- New Zealand Coal & Carbon
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
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