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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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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- Uttam Galva Steels Limited - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
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- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
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- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
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- Directorate General of MIneral and Coal - Indonesia
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- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
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- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
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- Jindal Steel & Power Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
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- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- The Treasury - Australian Government
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