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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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Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
Wednesday, 12 October 16
MARKET INSIGHT - LINOS KOGEVINAS
Another Monday has gone by, bringing with it further turbulence for oil. A series of meetings between high-production nations Russia & Saudi Ar ...
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- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- The University of Queensland
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
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