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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, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
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- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Planning Commission, India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
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