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Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
 Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to narrow over time.
According to Fitch Ratings, prices of high-grade coal have been boosted by tight supply and geopolitical intensions, while prices of low-grade coal are constrained by weak demand from China. Newcastle 6,000kcal/kg grade coal reached USD380/tonne (t) in late June, a 105% premium over Newcastle 5,500kcal and close to the hard coking coal price of USD385/t. Fuel costs of north Asian power plants using liquefied natural gas are similar to those burning high-grade coal, suggesting limited upside for coal prices.
China’s benchmark Qinhuangdao 5,500kcal/kg price fell to the current CNY1,200/t and has found support at that level, from over CNY1,600/t in late March. The correction reflects weak demand; thermal power generation declined by 10.9% yoy in May 2022 due to lockdowns to contain Covid-19 outbreaks and strong hydropower generation. Coal inventories at power plants have also rebounded, Fitch Ratings says.
Fitch Ratings also noted that, India’s power demand rebounded by 10% yoy in April 2022 and 20% in May 2022, driven by an economic recovery, as the Covid-19 pandemic ebbed, as well as high temperatures in many regions. This led to tight coal supply, with the nation's average coal stock falling below eight days by end-April, despite a 15% rise in domestic coal production in 4M22. The government has ordered all power plants to use imported coal for 10% of their fuel to improve the availability of coal and meet the strong power demand. We expect the compulsory coal blending, which is likely to continue until 3Q22, to drive coal import growth during the year.
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Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
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- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
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