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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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Thursday, 23 December 21
INDONESIA’S 2022 COAL OUTPUT SEEN BETWEEN 637 MLN-664 MLN T- OFFICIAL - REUTERS
Indonesia’s 2022 coal output is estimated at between 637 million to 664 million tonnes based on production plans currently being finalised, s ...
Thursday, 23 December 21
VALE ANNOUNCES THE SALE OF ITS COAL ASSETS
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corrido ...
Thursday, 23 December 21
INDIA: CAPTIVE POWER PRODUCERS URGE GOVT TO ENSURE NORMAL COAL SUPPLIES - PTI
A captive power producers’ association has urged the government for 100 per cent normalisation of coal supply to captive power producers whil ...
Thursday, 23 December 21
MARKET INSIGHT - INTERMODAL
As an outstanding year for the dry bulk freight market comes to a close, so does a thriving year for the SnP market which can only be compared to 2 ...
Tuesday, 14 December 21
COAL LOCK-IN IN SOUTHEAST ASIA PRESENTS A CHALLENGE FOR THE ASIAN DEVELOPMENT BANK'S COAL RETIREMENT PLAN - IEEFA
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire ...
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- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
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