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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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Monday, 30 January 17
DUE TO LUNAR YEAR HOLIDAYS, THE FREIGHT MARKET STAYED WEAK
COALspot.com: Due to Lunar year holidays and celebration, the Freight market was down in all segments this past week.
The Baltic Exchange, tra ...
Friday, 27 January 17
U.S WEEKLY COAL OUTPUT RISES FOR THIRD STRAIGHT WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made ...
Tuesday, 24 January 17
MARKET UPDATE - ALLIED
This week at the World Economic Forum in the Swiss resort of Davos we had a historic first via the attendance and speech given by China’s pre ...
Monday, 23 January 17
THE PORT OF NEWCASTLE SHIPPED $AU 15.279 BILLION WORTH OF 161.399 MILLION TONS OF COAL IN 2016
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,453.1 M ...
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- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- ASAPP Information Group - India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- The Treasury - Australian Government
- The University of Queensland
- Independent Power Producers Association of India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
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