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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, 12 May 17
SLOW AND UNEVENTFUL WEEK FOR THE PANAMAX MARKET
Supramax
In the Atlantic, only USG were showing some improvement, where pet-coke cargoes to India was fixed in the range of 19-23k daily and to C ...
Wednesday, 10 May 17
MARKET INSIGHT - INTERMODAL
Up until a few weeks ago, demo deals were being concluded at just a fraction below $400/ldt. Last time we saw demo prices around that level was in ...
Tuesday, 09 May 17
DRY BULK TRADE IS STILL HEAVILY RELIANT ON CHINA - GEORGE LAZARIDIS
We have seen an overall cool down in the dry bulk and tanker markets over the final two weeks of April, sparking worries amongst ship-owners that t ...
Monday, 08 May 17
INDONESIAN COAL PRICE REFERENCE RISES FOR SECOND STRAIGHT MONTH IN MAY
COALspot.com: Indonesian government declared coal benchmark price rose in May, government data showed.
The benchmark price of Indonesian therm ...
Monday, 08 May 17
OCEAN BULK CARGO RATES FALL FURTHER THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, with all segments show a negative downward trend week over week.
The Balti ...
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- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- The University of Queensland
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
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