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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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Saturday, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
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- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- GMR Energy Limited - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
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