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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, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
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