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Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with capped prices as COVID-19 restrictions and higher renewables output dented demand for coal-fired power.
China imported 18.98 million tonnes of coal last month, compared to 28.93 million tonnes in June 2021, data from the General Administration of Customs showed on Wednesday.
Over the first half of 2022, China imported 115 million tonnes of the fuel, 17.5% lower than a year ago.
The decline in coal imports came after Beijing’s rigorous regulation of domestic coal prices. It capped thermal coal with a heating value of 5,500 kilocalories (kcal) at northern Chinese ports at 770 yuan ($114.60) a tonne under long-term contracts and at around 1,200 yuan for spot shipments.
In contrast, benchmark Newcastle 5,500 kcal thermal coal traded at an average of $402.50 a tonne on a free-on-board basis in June, boosted by a global fuel shortage in the wake of the Ukraine crisis.
“Chinese traders don’t have many incentives to buy seaborne coal given the unfavorable prices, and the rise of dollar makes imported cargoes even more expensive,” said a Singapore-based coal trader.
Thermal power generation, mostly from coal-based utilities, plunged 11% in May from a year ago because of surging hydropower output and a drop in total power production during COVID-19 lockdowns.
With temperatures rising in China, however, utilities have increased coal tender issuances for late-July and August arrivals, to prepare for a pick-up in power demand as households turn on air conditioners. But most of the tenders are seeking lower priced and lower quality coal from Indonesia.
Daily coal consumption has climbed to about 2 million tonnes in early July, similar to the same period last year, according to data compiled by the China Coal Transportation and Distribution Association (CCTD).
Source: Reuters
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Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
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- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
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