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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.
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Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...
Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...
Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...
Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...
Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
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Showing 306 to 310 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
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