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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, 28 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...
Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...
Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...
Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...
Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
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- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- The University of Queensland
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
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