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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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Sunday, 11 July 21
COAL SHOWS ITS STAYING POWER AS ECONOMIES BOUNCE BACK - THE WALL STREET JOURNAL
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to ...
Sunday, 11 July 21
ROBUST CHINA COAL DEMAND AMID AUSTRALIA IMPORT BAN FUELS PRICE RALLY - REUTERS
Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG) ...
Saturday, 10 July 21
OVERESTIMATED LCOES OF COAL-FIRED POWER PLANTS CREATE A FINANCIAL BUBBLE - IEEFA
Massive stranded asset risk detrimentally affects the financial and power distribution
India’s future coal-fired power project pipeline ...
Friday, 09 July 21
EIA FORECASTS COAL’S GENERATION SHARE IN U.S TO RISE FROM 20% IN 2020 TO 24% THIS YEAR BUT TO FALL TO 22% NEXT YEAR
The July Short-Term Energy Outlook (STEO) of EIA remains subject to heightened levels of uncertainty related to the ongoing economic recovery from ...
Friday, 09 July 21
KOREA SOUTH-EAST POWER CO., LTD. INVITES BIDS FOR 1.86 MILLION TONS OF COAL OF 5600 & 4000 NCV COAL FOR THREE YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 280,000 – 300,000 MT of Min. ...
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- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
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