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Thursday, 17 November 16
FROTHY THERMAL COAL PRICES POINT TO DOWNSIDE PRESSURES IN 2017 - FITCH
 Fitch Ratings says in an Outlook Report that the Asian thermal coal industry will remain under pressure in 2017 due to more-than-adequate capacity and price adjustments that are likely to be downward. The strong pricing rebound since early 2016 is unlikely to be sustained as the Chinese government relaxes its working-day curtailment policies to manage prices.
According to Fitch, supply-demand dynamics remain on soft ground, as China eliminated only 152 million tonnes of excess capacity in 8M16, compared with 600 million tonnes of capacity seeking production approval and another 800 million tonnes under construction. Meanwhile, India is ramping up domestic supply aggressively to enhance energy security and reduce current account deficits, while domestic demand growth has been lacklustre.
Fitch further said, the Chinese government has relaxed its supply controls since September to prevent runaway coal prices from delaying capacity rationalisation. Recent policies reveal Beijing's wish to keep the 5,500kcal/kg coal prices below CNY460/tonne, versus CNY607/tonne as of end-October. Fitch believes the government has ample measures to curb prices, given sufficient capacity to serve stagnant demand. The depreciation of the Chinese yuan against the US dollar can also have a negative effect on import demand and seaborne prices in dollar terms.
Fitch says, Indonesian coal producers focusing on the export market are likely to suffer the most as their largest buyer - India - experiences weak thermal power generation, curbs coal imports, and increases utilisation of higher-rank Australian and South African coal.
The recent appreciation in thermal coal prices will prop up the operating cash generation of Asian coal producers; however, the price outlook remains uncertain and challenging, Fitch concluded.
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Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...
Wednesday, 14 June 17
HANDYSIZES AND PANAMAXES ENJOY THE TIGHTEST SUPPLY - PANOS TSILINGIRIS
The dry and the tanker shipping segments have dissimilar exposure to supply-driven opportunity (or risk). While the vintage (i.e., over 15 years ol ...
Tuesday, 13 June 17
THE TANKER FREIGHT MARKET IS STILL UNDER PRESSURE - GEORGE LAZARIDIS
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push wit ...
Monday, 12 June 17
THE BALTIC DRY INDEX TOOK A POSITIVE STEP
COALspot.com: The Freight market incline this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ...
Friday, 09 June 17
U.S WEEKLY COAL OUTPUT WAS FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
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- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
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