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Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by concerns over tight domestic supply and demand rebounding after the Lunar New Year holidays.
The most-active thermal coal futures on the Zhengzhou Commodity Exchange closed up 10% at 876.8 yuan ($137.81) a tonne on Tuesday, a level last seen on Oct. 29. The contract gained 5% on Monday.
Dalian coking coal jumped 7.6% on Tuesday.
Total coal inventory at major Chinese ports was at 46.88 million tonnes – the lowest in a year – before the holidays started on Jan. 31, data compiled by the China Coal Transportation and Distribution Association showed.
The association has not published the latest data, but traders and analysts said coal inflows from miners to ports were low in the past week due to slow operation and logistics during the holiday break.
As the central government urged the state-owned coal mines to prioritise supply to power plants to avoid another widespread electricity outage, industrial customers grappled with a shortage of coal.
“The futures market is essentially just reflecting the very tight conditions in the physical market. Spot cargoes are very difficult to obtain as most coal production is delivering into longer term contracts,” said Rystad Energy analyst Steve Hulton.
The benchmark spot price of 5,500 kcal thermal coal in northern Chinese ports reached 1,050 yuan a tonne, closing to the unofficial price cap of 1,100 yuan a tonne.
Market participants expect daily coal consumption to pick up as more industrial users are resuming operations after the holiday and cold weather in southern China would boost power demand.
China’s National Meteorological Centre on Tuesday said temperatures in most Chinese regions will be 1-3 degrees Celsius lower than the historical average levels in the next 11-20 days.
But analysts and traders expect the rally of coal prices to be a short-term problem as more coal mines will reopen from the holiday break.
Dennis Ip, head of China energy research at Daiwa Capital Markets, expects spot coal prices to drop to a level below 1,000 yuan a tonne in late-February to March, and then gradually to fall back to 600-700 yuan a tonne level over the second quarter.
Source: Reuters
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Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
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- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Australian Coal Association
- Mjunction Services Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- The University of Queensland
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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