COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 65.79 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

Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


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. ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5539
News by Category
Popular News
 
Total Members : 26,488
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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