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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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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
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