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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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Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK& ...
Thursday, 01 July 21
WHY BUILD 600 NEW UNPROFITABLE COAL PLANTS? - DEUTSCHE WELLE
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line wi ...
Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a rep ...
Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...
Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
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- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Planning Commission, India
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- Videocon Industries ltd - India
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- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
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- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bulk Trading Sa - Switzerland
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- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
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- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
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- MS Steel International - UAE
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- Merrill Lynch Commodities Europe
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
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- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
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- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
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- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Australian Coal Association
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- The University of Queensland
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- Eastern Energy - Thailand
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- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
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- Global Coal Blending Company Limited - Australia
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- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
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- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
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- Pendopo Energi Batubara - Indonesia
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- Energy Development Corp, Philippines
- Economic Council, Georgia
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- Romanian Commodities Exchange
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- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
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- Commonwealth Bank - Australia
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- Kobexindo Tractors - Indoneisa
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- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
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- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
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