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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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Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.
As expected, Russia – Ukraine war dr ...
Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the ...
Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...
Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
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- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
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