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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, 23 January 17
THE FREIGHT MARKET DID NOT CHANGE MUCH AND WAS ALMOST AT SAME LEVELS AS LAST WEEK
COALspot.com: The Freight market did not change much and was almost at same levels as last week.
The Baltic Exchange, tracking rates for ships ...
Friday, 20 January 17
U.S. WEEKLY COAL OUTPUT ESTIMATED 15.7 MMST; UP 14.1% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 19 January 17
KOREAN POWER UTILITY BORYEONG POWER TO IMPORT 660K TONS OF BITUMINOUS COAL FOR MARCH 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 590,000 Metric Tons of Bituminous coal and 7000 ...
Thursday, 19 January 17
PANAMAX RATES ARE UNDER PRESSURE IN BOTH HEMISPHERES - FEARNLEYS
Supramax
The market remained flat and the week continued at the same pace as last.
According to Fearnleys weekly dry bulk report, still more ...
Wednesday, 18 January 17
TANKER: THE CLEAN PRODUCT MARKET IS STILL NOT GIVING US ANY CLEAR SIGNS OF RECOVERY - GEORGE VASTARDIS
While we are approaching the Chinese New Year, the Clean Product market is still not giving us any clear signs of recovery, especially on The East ...
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- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
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