COALspot.com keeps you connected across the coal world
  • MAY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.86 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, 22 November 18
SHUT OUT OF CHINA, U.S. COAL EXPORTERS FIND FAVOUR IN INDIA, FOR NOW - REUTERS
ReutersU.S. coal exporters have effectively lost a promising market in China since the imposition of tariffs as part of the ongoing trade dispute, but so far they have managed to find other buyers in Asia, chiefly India.
 
China imposed a 25 percent tariff on imports of U.S. coal in August as part of its retaliation against tariffs on its exports implemented by the administration of President Donald Trump.
 
Vessel-tracking and port data compiled by Refinitiv show that no coal from the United States was discharged in China in October, while two cargoes totalling 212,000 tonnes are being unloaded this month.
 
However, both the cargoes being unloaded in November left the United States before the tariffs took effect on Aug. 23.
 
While China isn’t the most important Asian buyer for U.S. coal, it had been growing in importance until this year.
 
In the first 10 months of 2018, China imported 3.2 million tonnes of U.S. coal, which was down from 5.1 million for the same period last year.
 
Much of the coal China buys from the United States is higher value coking coal, used in steel making, and it usually is at least double the price of thermal coal, used for power generation.
 
The loss of the China market hasn’t been a devastating blow to U.S. coal exporters, as they have so far been able to find other buyers in Asia.
 
India imported 13.5 million tonnes of coal from the United States in the first 10 months of the year, according to Refinitiv data, up 36 percent from the 9.9 million tonnes in the same period in 2017.
 
Japan, Asia’s third-biggest coal importer behind China and India, bought 7.1 million tonnes from the United States in the January to October period, up from 6.2 million tonnes in the same period last year.
 
Overall, Asia’s imports from the United States were 28.2 million tonnes in the first 10 months of the year, up 2.9 percent from the 25.3 million in the same period last year.
 
U.S. COAL DISCOUNTED?
That doesn’t sound like a poor outcome for U.S. coal exporters, but the data doesn’t reflect whether it has been relatively easy for U.S. coal miners to sell their product in Asia, or whether they have been offering discounts in order to stay competitive with the region’s powerhouse exporters, Australia and Indonesia.
 
Since China stopped providing detailed customs data earlier this year, it’s been difficult to work out how much the country is paying for various coal imports by country of origin.
 
However, data on the website of the U.S. Energy Information Administration shows that the average price of coking coal exports to China in the second quarter of this year was $129.96 a short tonne, equivalent to about $142.96 a metric tonne.
 
For India, the price for U.S. coking coal exports was about $147.72 a metric tonne in the April to June period.
 
For the same quarter, the price of coking coal futures on the Singapore Exchange, which are based on the Steel Index price for Australian cargoes, was between $182 and $200 a tonne.
 
While the pricing doesn’t take into account any quality differentials or freight costs, it does nonetheless imply that U.S. coal exporters had to discount in order to sell into the Chinese market.
 
There may also be some disturbing signs for U.S. coal exporters to India, with imports slowing in recent months.
 
From a peak of 2.3 million tonnes in May, India’s imports of U.S. coal have trended lower, with October recording 1.05 million tonnes, according to the Refinitiv data.
 
November may be slightly better, with the vessel-tracking data showing India’s imports of U.S. coal at around 1.19 million tonnes, but this is still well below the May peak.
 
Overall, while it seems that U.S. coal exporters have been able to find markets in Asia to replace lost volumes to China, it may be at the cost of having to accept lower prices, and to become more reliant on sales to India, a country that has a government policy of reducing coal imports to zero.
Source: Reuters


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

Recent News

Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...


Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants   Surge in coal imports has now forced Coal India Ltd (CIL) ...


Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...


Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...


Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries   LNG Western Africa Conference 2019 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5472
News by Category
Popular News
 
Total Members : 26,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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