COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com
  • COALspot.com's self assessment - Indonesian 5800 GAR coal (Physical) market direction: WEAK (last updated : 22 July 2014)
  • Ministry of Energy of Indonesia has revised DOWN JULY 2014 Coal Price Reference to US$ 72.45 per ton (Last Update: 7/7/14)
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Q3 2014 (Contract) Avg DSP - US$ 53.73 (0.00% dod) 23 July 2014 (8pm SG time) - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Q4 2014 (Contract) Avg DSP - US$ 54.62 (+0.18% dod) 23 July 2014(8pm SG time) - SGX
  • Indonesia requires coal exporters to obtain ET-Batubara on or before 1 September 2014
  • August ARA coal up 50 cents at $74.50 on concerns that a mechanics' strike at Colombia's coal mines would disrupt supplies - Reuters
  • The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year - Reuters
  • Indonesia shipped 32.91* million tons of coal in June 2014. Indonesian June coal exports slip 6.82* percent month-on-month.
  • China imports 7.50* mmt of coal from Indonesia in June 2014 (down 13.78% m-m)
  • India imports 10.26* mmt of coal from Indonesia in June 2014 (down 16.70% m-m)
  • Reswara Minergi Hartama's coal loading port in Aceh province will be ready by September 2014 - Majalah Tambang

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines

Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS


Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, although there is a risk low prices may persist into 2013, changing the industry's supply side dynamics.

The price of thermal coal (5,500 kcal coal at Newcastle Australia on a free-on-board basis) reached a two-year low of USD87 per metric ton in early June 2012, down from USD142/mt in January 2011. Major reasons for this decline include China's economic slowdown and high coal inventory levels, increased production and exports from Indonesia and Australia, and increased exports by US coal producers due to cheap natural gas displacing coal used in US power generation.

Fitch believes that prices can recover from current lows once demand from key importers - China and India - improves, and the supply side adjusts to reflect the price environment.  India depends on coal as its major energy source and is increasingly relying on imported coal as it struggles to increase domestic production. Likewise in China, thermal coal fired power represents more than 70% of the country's energy needs; Fitch believes thermal coal demand from China will lift again post sufficient policy easing by the government, and continue rising over the medium-to-long term in line with the country's strong GDP growth outlook, albeit lower than previous years.

The weak pricing environment is exposing the business risks of high-cost coal producers, as coal prices fall near or below the marginal cost of production. Many Australian producers have high cash costs of production; such operators will be significantly affected if prices remain low for an extended period. At the same time, sustained low coal prices can shift buyers from low-rank coal to higher-grade coals and thus negatively affect both demand and realized prices for low-rank coal.

Fitch notes that many large coal producers have contracts in place with both volumes and prices fixed, typically for a period of one year; such contracts can account for a meaningful share of their total revenues - for example around 65% for Adaro Indonesia ('BB+'/Stable) and around 45% PT Indika Energy ('B+'/Positive). These operators would be insulated from a temporary weakening of coal prices to some extent. However, should low prices persist through 2012 and into 2013, it will negatively affect the prices they negotiate for 2013; such negotiations typically take place in Q4 and Q1 of each calendar year.

Should the current low price environment persist into 2013, Fitch expects high-cost producers in Australia and the US to undertake production cuts, and review expansion projects under consideration. Fitch also believes that production expansion plans by low-cost producing countries like Indonesia may be curtailed.  Such actions would limit coal production levels (or growth) and help address oversupply.

In rating companies producing commodities, like coal, Fitch takes a through-the-cycle approach to its ratings; this factors in a reasonable level of rating headroom to accommodate weakening of coal prices. Cash cost of production and cash margins over an industry cycle are given a heavy emphasis and factored into the ratings. Hence, Fitch does not expect any immediate negative rating actions on its rated coal producers in the Asia-Pacific region. 
Source: Fitch Ratings


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 18 July 14
3RD CHINA INTERNATIONAL SHALE GAS SUMMIT
Building on the massive success of the past 2 shale gas programs that has generated huge success by attracting 500+ industry players, and intrig ...


Friday, 18 July 14
US WEEKLY COAL PRODUCTION UP BY 1.4% TO 18.3 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal i ...


Thursday, 17 July 14
PANAMAX : MARKET HAS COOLED DOWN AGAIN TO LOW AND DEPRESSED LEVELS
Handy The supra market remains pretty flat in the Atlantic while for the smaller sizes there has been little reported with ships chasing busin ...


Thursday, 17 July 14
INDIAN GOVERNMENT WISE TO TAKE ADVANTAGE OF CURRENTLY LOW THERMAL COAL PRICES AND SHIPPING RATES - JEFFREY LANDSBERG
With thermal coal import prices (and also shipping rates) very low at present, India's government would be very wise to take advantage of cu ...


Wednesday, 16 July 14
INDIA BUDGET HAS LIMITED SHORT TERM IMPACT ON POWER SECTOR - FITCH RATINGS
Fitch Ratings says that the measures announced relating to India's electricity sector in the budget for FY2015 are directionally correct but ...


   2 3 4 5 6   
Showing 16 to 20 news of total 3288
News by Category
Popular News
 
Registered Members : 18,546

Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Clarksons - UK
  • PetroVietnam
  • Arch Coal - USA
  • EIA - United States
  • ANZ Bank - Australia
  • CCIC - Indonesia
  • Videocon Industries ltd - India
  • Chamber of Mines of South Africa
  • The State Trading Corporation of India Ltd
  • New Zealand Coal & Carbon
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Britmindo - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Central Electricity Authority - India
  • Bhatia International Limited - India
  • Barclays Capital - USA
  • TNPL - India
  • Rashtriya Ispat Nigam Limited - India
  • Vedanta Resources Plc - India
  • Runge Indonesia
  • Sical Logistics Limited - India
  • Thriveni
  • Attock Cement Pakistan Limited
  • Kapuas Tunggal Persada - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • European Bulk Services B.V. - Netherlands
  • Thomson Reuters GRC
  • Miang Besar Coal Terminal - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Romanian Commodities Exchange
  • Platts
  • Mjunction Services Limited - India
  • Grasim Industreis Ltd - India
  • Gresik Semen - Indonesia
  • ICICI Bank Limited - India
  • Binh Thuan Hamico - Vietnam
  • GHCL Limited - India
  • J M Baxi & Co - India
  • Timah Investasi Mineral - Indoneisa
  • Agrawal Coal Company - India
  • Cigading International Bulk Terminal - Indonesia
  • Rudhra Energy - India
  • BNP Paribas - Singapore
  • International Coal Ventures Pvt Ltd - India
  • White Energy Company Limited
  • Cargill India Pvt Ltd
  • Freeport Indonesia
  • CoalTek, United States
  • TeaM Sual Corporation - Philippines
  • Kartika Selabumi Mining - Indonesia
  • London Commodity Brokers - England
  • Economic Council, Georgia
  • Carbofer General Trading SA - India
  • Latin American Coal - Colombia
  • Vale Mozambique
  • Tata Chemicals Ltd - India
  • Sojitz Corporation - Japan
  • Globalindo Alam Lestari - Indonesia
  • Rio Tinto Coal - Australia
  • Cemex - Philippines
  • GNFC Limited - India
  • UBS Singapore
  • Australian Coal Association
  • Coastal Gujarat Power Limited - India
  • Mintek Dendrill Indonesia
  • IBC Asia (S) Pte Ltd
  • Arutmin Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • The India Cements Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Deloitte Consulting - India
  • Total Coal South Africa
  • Ministry of Finance - Indonesia
  • Berau Coal - Indonesia
  • Altura Mining Limited, Indonesia
  • Peabody Energy - USA
  • Gujarat Sidhee Cement - India
  • ASAPP Information Group - India
  • Adani Power Ltd - India
  • CESC Limited - India
  • IOL Indonesia
  • MS Steel International - UAE
  • Surastha Cement
  • Ambuja Cements Ltd - India
  • Kumho Petrochemical, South Korea
  • Mercuria Energy - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Standard Chartered Bank - UAE
  • Credit Suisse - India
  • IHS Mccloskey Coal Group - USA
  • Renaissance Capital - South Africa
  • KPCL - India
  • Australian Commodity Traders Exchange
  • BRS Brokers - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Gupta Coal India Ltd
  • Edison Trading Spa - Italy
  • NALCO India
  • Leighton Contractors Pty Ltd - Australia
  • Noble Europe Ltd - UK
  • Sakthi Sugars Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Lanco Infratech Ltd - India
  • ING Bank NV - Singapore
  • U S Energy Resources
  • Kohat Cement Company Ltd. - Pakistan
  • Bhoruka Overseas - Indonesia
  • IEA Clean Coal Centre - UK
  • Ernst & Young Pvt. Ltd.
  • Kobe Steel Ltd - Japan
  • Wood Mackenzie - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Formosa Plastics Group - Taiwan
  • CNBM International Corporation - China
  • Petrosea - Indonesia
  • KEPCO - South Korea
  • Vitol - Bahrain
  • Cardiff University - UK
  • Minerals Council of Australia
  • Simpson Spence & Young - Indonesia
  • Eastern Energy - Thailand
  • POSCO Terminal, South Korea
  • Georgia Ports Authority, United States
  • Kalimantan Lumbung Energi - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Indogreen Group - Indonesia
  • Uttam Galva Steels Limited - India
  • Samtan Co., Ltd - South Korea
  • Straits Asia Resources Limited - Singapore
  • Samsung - South Korea
  • Mechel - Russia
  • GB Group - China
  • Antam Resourcindo - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Medco Energi Mining Internasional
  • CEB - Sri Lanka
  • bp singapore
  • Malabar Cements Ltd - India
  • Indonesia Power. PT
  • PTC India Limited - India
  • DBS Bank - Singapor
  • LBH Netherlands Bv - Netherlands
  • Global Coal Blending Company Limited - Australia
  • Fearnleys - India
  • Jatenergy - Australia
  • Price Waterhouse Coopers - Russia
  • APGENCO India
  • India Bulls Power Limited - India
  • Indian School of Mines
  • Jaiprakash power ventures ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Ministry of Mines - Canada
  • Vizag Seaport Private Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Mitsubishi Corporation
  • Manunggal Multi Energi - Indonesia
  • Mercator Lines Limited - India
  • Coal India Limited
  • Alfred C Toepfer International GmbH - Germany
  • Inco-Indonesia
  • Jindal Steel & Power Ltd - India
  • Infraline Energy - India
  • Merrill Lynch Bank
  • Central Java Power - Indonesia
  • Glencore India Pvt. Ltd
  • TANGEDCO India
  • Madhucon Powers Ltd - India
  • Chettinad Cement Corporation Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • NTPC Limited - India
  • Indonesian coal mining Association
  • Malco - India
  • Directorate Of Revenue Intelligence - India
  • Indika Energy - Indonesia
  • Makarim & Taira - Indonesia
  • Planning Commission, India
  • Sucofindo - Indonesia
  • MEC Coal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Thermax Limited - India
  • Riau Bara Harum - Indonesia
  • Platou - Singapore
  • Russian Coal LLC
  • Enel Italy
  • Thiess Contractors Indonesia
  • Bhushan Steel Limited - India
  • Humpuss - Indonesia
  • Indorama - Singapore
  • Coal Orbis AG
  • Inspectorate - India
  • ACC Limited - India
  • Orica Mining Services - Indonesia
  • Port Waratah Coal Services - Australia
  • HSBC - Hong Kong
  • Ind-Barath Power Infra Limited - India
  • Singapore Mercantile Exchange
  • TNB Fuel Sdn Bhd - Malaysia
  • Lafarge - France
  • The Treasury - Australian Government
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Siam city cement PLC, Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Bank of America
  • Larsen & Toubro Limited - India
  • Coeclerici Indonesia
  • SRK Consulting
  • Deutsche Bank - India
  • Moodys - Singapore
  • SUEK AG - Indonesia
  • Metalloyd Limited - United Kingdom
  • globalCOAL - UK
  • Core Mineral Indonesia
  • Intertek Mineral Services - Indonesia
  • Dalmia Cement Bharat India
  • Borneo Indobara - Indonesia
  • Goldman Sachs - Singapore
  • Mitsui - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • JPMorgan - India
  • GMR Energy Limited - India
  • Geoservices-GeoAssay Lab
  • Panama Canal Authority
  • Anglo American - United Kingdom
  • Posco Energy - South Korea
  • Africa Commodities Group - South Africa
  • Japan Coal Energy Center
  • PLN Batubara - Indonesia
  • Merrill Lynch Commodities Europe
  • Savvy Resources Ltd - HongKong
  • Bukit Baiduri Energy - Indonesia
  • Banpu Public Company Limited - Thailand
  • Orica Australia Pty. Ltd.
  • Shenhua Group - China
  • RBS Sempra - UK
  • Mitra SK Pvt Ltd - India
  • Tanito Harum - Indonesia
  • Permata Bank - Indonesia
  • Parliament of New Zealand
  • Essar Steel Hazira Ltd - India
  • SASOL - South Africa
  • GVK Power & Infra Limited - India
  • Maheswari Brothers Coal Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Pinang Coal Indonesia
  • McConnell Dowell - Australia
  • Star Paper Mills Limited - India
  • Power Finance Corporation Ltd., India
  • Aboitiz Power Corporation - Philippines
  • IMC Shipping - Singapore
  • Maersk Broker
  • Qatrana Cement - Jordan
  • CIMB Investment Bank - Malaysia
  • KOWEPO - South Korea
  • Coalindo Energy - Indonesia
  • SGS (Thailand) Limited
  • SMG Consultants - Indonesia
  • Indian Oil Corporation Limited
  • World Coal - UK
  • Maruti Cements - India
  • Interocean Group of Companies - India
  • UOB Asia (HK) Ltd
  • Electricity Generating Authority of Thailand
  • Bangladesh Power Developement Board
  • Kideco Jaya Agung - Indonesia
  • Bulk Trading Sa - Switzerland
  • PLN - Indonesia
  • Aditya Birla Group - India
  • Pendopo Energi Batubara - Indonesia
  • World Bank
  • VISA Power Limited - India
  • Eastern Coal Council - USA
  • Idemitsu - Japan
  • KPMG - USA
  • Tata Power - India
  • Shree Cement - India
  • Salva Resources Pvt Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kon
  • OPG Power Generation Pvt Ltd - India
  • Adaro Indonesia
  • Coal and Oil Company - UAE
  • Trasteel International SA, Italy
  • OCBC - Singapore
  • Toyota Tsusho Corporation, Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • McKinsey & Co - India
  • Oldendorff Carriers - Singapore
  • Reliance Power - India
  • Independent Power Producers Association of India
  • Bharathi Cement Corporation - India
  • Xindia Steels Limited - India
  • Marubeni Corporation - India
  • Barasentosa Lestari - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Karaikal Port Pvt Ltd - India
  • Siam City Cement - Thailand
  • Meenaskhi Energy Private Limited - India
  • Commonwealth Bank - Australia
  • Sree Jayajothi Cements Limited - India
  • Xstrata Coal
  • ETA - Dubai
  • Bukit Makmur.PT - Indonesia
  • Argus Media - Singapore