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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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Friday, 02 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
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- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
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