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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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Thursday, 01 September 16
SUPRAMAX GETTING LEVELS OF MID/HIGHER 7K DELIVERY SINGAPORE FOR TRIPS TO CHINA AND AROUND 9K FOR DIRECTION INDIA - FEARNLEYS
Supramax
This week started slower with London on bank holiday Monday. The south east Asian market seems to have been taking a breather with chart ...
Thursday, 01 September 16
AUSTRALIA'S NEWCASTLE PORT SHIPPED 2.33 PERCENT MORE COAL IN JULY
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 bill ...
Wednesday, 31 August 16
THE DRY BULK MARKET MANAGED TO FIND FURTHER SUPPORT DURING THE LAST DAYS OF THE SUMMER SEASON - INTERMODAL
The Dry Bulk market managed to find further support during the last days of the summer season, with the BDI climbing above 700 last Friday, reachin ...
Tuesday, 30 August 16
THE SUDDEN SURGE IN IRON ORE TRADE HAS CREPT UP ON THE MARKET THIS PAST WEEK - GEORGE LAZARIDIS
The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increase ...
Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
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