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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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Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
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- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Planning Commission, India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- The University of Queensland
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
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