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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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Wednesday, 29 June 22
LNG MARKET REMAINS TIGHT - INTERMODAL
LNG market remains tight currently, mainly driven by the US LNG outage from the recent fire in Freeport LNG terminal together with the recent fall ...
Wednesday, 29 June 22
CHINA'S NEW PLAN FOR RENEWABLE ENERGY DEVELOPMENT FOCUSES ON CONSUMPTION - FITCH RATINGS
China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 & ...
Wednesday, 29 June 22
APAC CORPORATE SECTOR OUTLOOKS SHIFT AMID GLOBAL SHOCKS - FITCH RATINGS’
Fitch Ratings’ mid-2022 corporate sector outlook review revealed that the Asia-Pacific (APAC) region saw the largest number of sector outlook ...
Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working enviro ...
Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
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- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Economic Council, Georgia
- ASAPP Information Group - India
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