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Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand fuelled coal buying.
The European API2 coal futures contract for 2022 was 6.7% higher at $179.25 a tonne by 1427 GMT, the highest level since 2008.
The continued rally in European natural gas prices has incentivised more coal-fired power generation in Europe which is helping to drive up prices, analysts said.
European benchmark natural gas prices at the Dutch TTF hub are at all-time highs and some contracts are nearing 100 euros ($116.28) per megawatt hour.
“Looking at the European fuel complex, gas has for some time now lost its competitive advantage over coal in the fuel switch. As a consequence, coal use has significantly gone up in northwest Europe,” said Swedish energy consultancy ELS Analysis.
Physical thermal coal prices are also at all-time highs. Australian coal cargoes for delivery from the Newcastle terminal in November settled at $230.05 on Friday.
In the European physical thermal coal market, cargoes into Amsterdam, Rotterdam and Antwerp (ARA) in November also settled at a record high of $238.50 a tonne on Friday.
A cold winter in Asia, followed by a hot summer and stronger economic growth, has also caused Chinese demand to increase significantly, analysts at Commerzbank said.
Source: Reuters
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Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
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- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
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- Petron Corporation, Philippines
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- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Aditya Birla Group - India
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