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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, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...
Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”.
There is restructuring amongst bankers ...
Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
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- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
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