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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, 18 November 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.8 MMST, DOWN 0.8%, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 17 November 16
CHINA STEEL EXPORTS TO REMAIN HIGH IN 2017, FITCH SAYS
Fitch Ratings expects Chinese steel exports to remain at around 100 million metric tons (Mt) in 2017, due to flat 'apparent' consumption an ...
Wednesday, 16 November 16
SHIPPING MARKET INSIGHT
Going through a relatively interesting second half of the year so far in the ship repair sector, we are experiencing a volatile climate of differen ...
Tuesday, 15 November 16
CHINA, FOR MANY YEARS NOW HAS SERVED AS A MAJOR GROWTH ENGINE FOR ASIA - ALLIED SHIPPING RESEARCH
It’s been a turbulent couple of days after the announcement of the U.S. Presidential results in the early hours of Wednesday.
After week ...
Monday, 14 November 16
KOMIPO'S SEOCHEON POWER PLANT TO IMPORT 240,000 MT OF SEMI / ANTHRACITE COAL FOR Q1'17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 240K mt of Semi-Anthracite and Anthracite Coal f ...
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- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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