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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, 23 September 16
EIA SEES U.S. COAL WEEKLY OUTPUT INCREASE
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Thursday, 22 September 16
CHINA IS THE PRICE-SETTING COUNTRY FOR GLOBAL THERMAL COAL
COALspot.com: China has been the driver of global coal growth since 2009. When China became the largest coal importer in 2011, the country also has ...
Thursday, 22 September 16
SUPRAMAXES ARE ACHIEVING AROUND $7000 FOR A TRIP WITH SINGAPORE DELIVERY VIA INDONESIA TO CHINA
Supramax
A slow start to the week in the Supramax segment in the Atlantic with not much being reported.
In the Blacksea Supramaxes are getti ...
Wednesday, 21 September 16
THE CAPESIZE MARKET HAS BEEN ON A RALLYING TREND SINCE THE END OF AUGUST - GEORGE LAZARIDIS
The Capesize market has been on a rallying trend since the end of August, fuelled mainly by the chase by traders to pre-stock before the typical pi ...
Wednesday, 21 September 16
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
Amidst a challenging dry bulk and tanker market, very little time has been spent on the offshore industry developments during the past couple of ye ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Australian Coal Association
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Mercator Lines Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
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