We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at US$ 412.6 per ton on the Newcastle ICE market, up 3.93% compared to the previous day, as quoted by CNBC Indonesia. Yesterday's price spike brought again coal prices back to the psychological level of US$ 400 for the first time since May 23, 2022. This price also brought black closer to its record high in history that occurred on March 2, 2022, which was US$ 446 per tonne.
According to CNBC Indonesia, overall, coal prices shot up 11.83% week on week. Within this month, the price of coal soared 11.82%, while within a year rose 216.78%. So far this year, the price of coal has crossed the psychological point of US$ 400 thrice, the first time in March, and then late May, and on 7 July.
In early March, CNBC Indonesia says, coal prices crossed USD 400 after the Russian-Ukrainian war broke out on February 24, 2022. The war sparked concerns about supply disruptions and logistical traffic. Moreover, Russia is the one of the largest suppliers of coal in the world.
At the end of May 2022, again coal prices shot up above USD 400 a ton due to electricity crisis in India and the European Union's decision to ban imports of Russian coal. The heat wave made the demand for electricity in India soar so that the demand for coal shot up.
CNBC Indonesia also noted that, coal prices have soared again in early July as Russia's decision to cut gas supplies to Europe. The decision made gas prices soar so that European countries restarted their coal power plants.
The surge in coal prices in yesterday's trading was also still triggered by the skyrocketing European natural gas prices and also the weather disturbances in Australia. The Australia is the largest exporter of metallurgical coal and the second largest exporter of thermal coal after Indonesia.
CNBC Indonesia also says, the European benchmark EU Dutch TTF (EUR) natural gas price touched EUR 183 per megawatt-hour yesterday, the highest record since March 2022. The price jumped 131% month on month and 450% year on year.
The spike in gas prices was due to concerns that maintenance work which is undergoing to the Nord Stream gas line could not be completed on schedule, which supposed to be completed by 11-21 July 2022. Russia will temporarily close the Nord Stream 1 pipeline for annual maintenance. The summer maintenance activity, which runs under the Baltic Sea from Russia to Germany, is scheduled to last from July 11 to 21 July. But many fear that the Russia is using planned maintenance activities to turn off the taps of the European Union's (EU) largest gas import infrastructure forever, as quoted by CNBC Indonesia.
If the maintenance work is not completed as per scheduled, then the gas prices are expected to increase to EUR 250. The Gas price spike will reflect into coal prices considering that the coal is an alternative energy source.
"If Nord Stream maintenance is not completed by 21 July, there will be a supply and demand gap of up to 67mcmc/day. I don't think this will be covered by coal alone," said Klaas Dozeman of Brainchild Commodity Intelligence, as quoted by Montel News.
Weather disturbances and flooding in Australia are also the drivers of coal price increases. Floods forced the Australian Rail Track Corporation to shut down the Hunter Valley rail network in New South Wales on Tuesday night.
The closure of the rail network has restricted coal shipping traffic to the Port of Newcastle. In fact, the port is the largest coal export hub in the world.
"The flood has affected the ARTC rail network so that coal deliveries cannot be carried out from Tuesday. However, we hope that this service can resume running as soon as possible," said a spokesman for Port Waratah Coal Services at the port of Newcastle as quoted by Montel News.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
|
|
|
Showing 261 to 265 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
|
| |
| |
|
