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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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Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Australian Coal Association
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
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