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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, 03 February 17
KOMIPO INVITES BIDS FOR 1.13 MILLION TONS OF BITUMINOUS COAL FOR Q2' 17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 1,130,000 Metric Tons of Bituminous coal f ...
Friday, 03 February 17
U.S. WEEKLY COAL PRODUCTION DECLINED 3.9% W/W; ROSE 17.7% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 03 February 17
US - EXECUTIVE ORDER ON IMMIGRATION AFFECTS VESSEL CREWS - GARD
From 27 January 2017, crew members carrying Iraqi, Syrian, Sudanese, Iranian, Somalian, Libyan or Yemeni passports are temporarily barred from ente ...
Wednesday, 01 February 17
MARKET INSIGHT - PANOS TSILINGIRIS
The recent placement of LOIs for 208kdwt Newcastlemax Newbuildings at $38.5m at Private Chinese Yard identifies with the modern history low for dry ...
Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
Unlike the typical lull in the market that we note during the period just prior to the Chinese New Year, 2017 has proved to be fairly m ...
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- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
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