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Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faster than demand, analysts and traders said.
High inventories in the world’s top coal consumer are capping its appetite for imports, pressuring global prices. The slow recovery in China’s coal consumption also points to a gradual rebound in power consumption and growth in the world’s second-biggest economy.
Analysts forecast China’s coal demand to grow 2% this year on resurgent industry and construction, and to bring extra appetite for imports, especially high-quality Australian coal after China partially eased a ban on imports from there.
However, rising stocks at ports and utilities suggest a faster resumption of output at mines than downstream industries such as steel, cement and chemical, can use, dampening market confidence in the near-term demand outlook.
Spot prices for thermal coal with heating value of 5,500 kilocalories (kcal) at northern Chinese ports plunged to 980 yuan ($142.49) a tonne this week, a level last seen in early February 2022.
Global thermal coal prices also slid, with Australian 5,500 kcal coal falling 10% to about $118 a tonne on the free-on-board (FOB) basis over the past two weeks, while Indonesian 3,800 kcal coal shed 17% to about $67 a tonne.
“Most coal miners have restarted production after the Lunar New Year holiday but downstream sectors are coming back slower with thin demand,” analyst Xiao Lanlan, from Tianfeng Futures, said in a note.
Coal stocks in eight northern ports climbed to 35.96 million tonnes this week, a level last seen in April 2020 when industrial activity halted due to COVID-19, China Coal Transport and Distribution Association (CCTD) data showed.
Reserves at major utilities are also higher than the same time in the past four years, but coal use at the power plants, appears to have climbed to the same level as last year, data showed.
The market for construction materials is also awaiting sustained economic stimulus from the government to underpin the infrastructure and property sectors, analysts and coal traders said.
“We were hoping for a strong rebound in demand along with a rapid economic recovery after the Lunar New Year but it seems the recovery path is much slower than we anticipated,” said a coal purchasing manager at a state utility who declined to be identified as he is not authorised to talk to media.
“The term-supply from domestic coal miners is more than enough for what we need, and I see very little room for imports now.”
Source: Reuters
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Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
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- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
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