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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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Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten ...
Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.
According ...
Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...
Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Mos ...
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- Siam City Cement - Thailand
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- White Energy Company Limited
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Aditya Birla Group - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
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