COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
ReutersChina’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with the matter said, the government’s first direct intervention to cool coal prices since mid-2016.

The National Development and Reform Commission (NDRC) asked miners at a meeting to bring spot coal prices back under 570 yuan ($90) per tonne by June 10, from current levels of as much as 650 yuan per tonne, the sources said.

Miners were also told to increase supplies under long-term contract by 200 million to 300 million tonnes, said the sources, who declined to be named due to the sensitivity of the matter.

The NDRC did not respond to a request for comment.

“The rally in coal prices has prompted the government to issue a flurry of measures to bring down prices,” said Zhang Min, a coal analyst with Sublime Information.

China’s coal market can be heavily influenced by government measures, she said.

In the meeting with utilities, miners and port officials, the NDRC encouraged utilities to halt buying in the next two to three weeks or keep their inventories at lower levels, to let coal prices fall below 570 yuan.

The government hopes to cap total import volumes for 2018 at the same level as 2017, about 471 million tonnes, to help encourage more local output. Beijing, at the same time, also aims to speed up checks on the quality of imported coal cargoes for some major power plants, the two sources said.

On Friday, the NDRC said the current rally in prices is unsupported by market fundamentals.

Two of China’s four largest utilities also banned spot purchases of thermal coal in expectations of near-term declines in prices.

Coal physical traders are looking to sell their inventories and cargoes in the wake of price intervention on Tuesday.

“We are looking to find buyers for our inventories as fast as we can and we will stop booking new cargoes until prices stabilize,” a Beijing-based coal trader with a major state-owned commodities trading firm said.

Traders and analyst are pointing to signs of continuing strong demand in the market, including expectations for hotter-than-usual weather and a pick-up in daily coal consumption by power plants.

“Daily coal consumption from the six largest power plants are at 800,000 tonnes this week, this is unusually high for this month,” a Beijing-based trader said.

Thermal coal futures prices fell for the third day on Tuesday to 610 yuan per tonne on news of the meeting.
Source: Reuters


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

Recent News

Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...


Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...


Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...


Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...


Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5523
News by Category
Popular News
 
Total Members : 26,420
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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