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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, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
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- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- The University of Queensland
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
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