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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, 22 October 21
HARD COAL REMAINS AN IMPORTANT FACTOR FOR SECURITY OF SUPPLY - COAL IMPORTERS ASSOCIATION, GERMANY
- Hard coal remains an important factor for security of supply
- Increase of around 35% in hard-coal-fired power generation in the first three ...
Wednesday, 20 October 21
CHINA'S COAL SHORTAGE TO EASE IN COMING MONTHS, INDUSTRY BODY SAYS - REUTERS
China’s coal shortage will likely ease in coming months, with domestic production and imports already showing signs of picking up, a coal ind ...
Wednesday, 20 October 21
CHINA'S RAW COAL OUTPUT DROPS IN SEPTEMBER - XINHUA
China’s raw coal output dropped 0.9 percent year on year to 330 million tonnes last month, data from the National Bureau of Statistics (NBS) ...
Wednesday, 20 October 21
OVER-RELIANCE ON COAL IN OUR POWER MIX HURTING INDIA - LIVEMINT
In spite of the renewables push, coal still accounts for about 50% of India’s installed power capacity. That means a simultaneous demand and ...
Wednesday, 20 October 21
CHINA COAL HITS RECORD HIGH AMID TIGHT SUPPLIES - REUTERS
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply ...
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- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Planning Commission, India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
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