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Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
 Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help mitigate shortages in 2023, says Fitch Ratings.
A recent sharp fall in gas and coal prices in Europe, as a result of ample non-Russian supplies and warm weather, has caused Newcastle 6,000kcal/kg coal prices to correct to USD320/tonne from around USD450/tonne in early September. Newcastle outperformed ARA prices in Europe that have nearly halved since September, mainly due to Australia’s wet weather and supply restrictions. We expect weakness in the Newcastle 6,000kcal price in 2023, especially after the Australian tropical cyclone season from November to April, given its premium over low-grade thermal coal and coking coal prices.
China’s benchmark Qinhuangdao 5,500kcal/kg price climbed unexpectedly from around CNY1,300/tonne to CNY1,600/tonne during September-October before mildly correcting to CNY1,550/tonne in an overall balanced market. China’s coal production increased 10.0% yoy in 10M22, outpacing coal-fired power generation, which grew 0.8% yoy. Drought and reduced hydropower production, the impact of Covid-19 on supply, and stricter mining safety inspections have taken turns to stimulate market sentiment. Restocking demand ahead of winter is providing support to prices when consumption is at a seasonally lower level.
India’s thermal coal imports rose 36% during January-August 2022, boosted by growth in power demand. The country’s economic recovery has continued to power demand growth, with thermal power generation rising by about 7% yoy during the same period. Domestic coal supply has been improving gradually, rising 14% yoy in January-August 2022. We expect imports to remain robust, supported by continuing demand growth and partly offset by a gradual increase in domestic coal supply and renewable capacity additions.
Source: Fitch Ratings
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Planning Commission, India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Romanian Commodities Exchange
- The University of Queensland
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
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