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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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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
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- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
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