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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
 “ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which we forecast will grow by 10.5% y/y in 2012. The US has been the leader, with exports increasing by 58% (up by 9 Mt) in H1 12, effectively exporting some of the energy surplus it had built up owing to a rise in shale gas extraction,” according to Barclays's Coal and freight quarterly report, that released last week.
The strong supply side has stimulated demand, with European takes up by some 7 Mt in the first four months as both the UK and Spain saw coal plant aggressively pushing out gas plant from the merit-orders. 2012 looks like it will be a high point for coal imports as environmental legislation should bring back some gas demand in 2013 and 2014, said Barclays's commodities researchers Trevor Sikorski, Miswin Mahesh & Sijin Cheng , in their latest market research report.
The Barclays’s report further pin pointed that, in the Pacific Basin, demand growth focused on China, which saw imports rise by 29% y/y, despite both very healthy additions to domestic production and a marked slowing of growth rates. The result of such high imports against a relatively modest demand background was eventually heavy pressure on Chinese domestic prices, a big build in inventories, and periods where additional imports have been turned away on contract default.
Barclays further said in its analysis report, global steam coal markets have softened since the start of the year (by around 18%). However, Barclays noted that over the last few months European delivered coal has been broadly stable at around 90 $/t. At this level, prices are now hovering around the marginal costs of the highest-cost exporters (Russia and the US) in the Atlantic Basin, and there are reports (McCloskey) that a number of Indonesian producers are starting to curtail production. While this is likely to limit potential downside, the inventory builds and modest Pacific demand side suggest limited upside, barring a significant weather or supply-side event.
Barclays revised its price outlook for CIF ARA forecasts and FOB Richards Bay prices by 1-3%.
Barclays’s price forecast for Newcastle coal has also been written down the most to average 96 $/t in 2012 (down 8.5% from their previous forecast of 105 $/t) and 94 $/t in 2013 (down 13% from 108 $/t), reflecting the impact of a slowdown in Chinese growth and the China’s current healthy inventories of coal.
Last week an Indonesian securites, Bahana Securities forecasted 2013 coal prices at USD 85 / ton, around US$ 12.00 or 12.37 percent below its 2012 price forecasts. Bahana believes upside potential on coal price remains limited due to weak coal demand. Hence, Bahana maintains its 2012 average coal benchmark price at USD 97/ton, and forecasted prices for 2013 far lesser than 2012 price.
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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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Showing 111 to 115 news of total 6871 |
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- Independent Power Producers Association of India
- Mercator Lines Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- PTC India Limited - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- The University of Queensland
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- MS Steel International - UAE
- Heidelberg Cement - Germany
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