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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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Wednesday, 07 December 16
U.S. COAL PRODUCTION IS FORECAST TO INCREASE BY 2% IN 2017 - EIA
U.S. Coal production in November 2016 was 70.7 million short tons (MMst), the third time this year monthly production exceeded 70 MMst, says EIA.
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Wednesday, 07 December 16
IT'S BEEN YET ANOTHER TURBULENT COUPLE OF DAYS..... - GEORGE LAZARIDIS
It’s been yet another turbulent couple of days, with a significant number of news headlines shaking up markets.
On Friday we had & ...
Monday, 05 December 16
INDIAN HYDROPOWER PRODUCTION AT LOWEST LEVEL SINCE 2012, SAYS COMMODORE RESEARCH
According to Commodore Research, the first eleven months of this year have seen India’s overall electricity production total approximately 1. ...
Monday, 05 December 16
THE DECEMBER 2016 HBA HITS TO ITS HIGHEST LEVEL SINCE MAY 2012
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2012. The government declared benchmark prices for Indo ...
Monday, 05 December 16
BALTIC PANAMAX INDEX UP 5.98%; BALTIC CAPE INDEX FELL 2.52% W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rally slightly continues this past week and ending on a s ...
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- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Bhatia International Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Planning Commission, India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
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