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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, 13 July 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 15 MMST IN 2016 AND BY 4 MMST IN 2017
COALspot.com: U.S. coal production in June was 57 million short tons (MMst), a 6 MMst (13%) increase from May and 9 MMst (14%) lower than in June 2 ...
Wednesday, 13 July 16
2015 VS. 2016; THE DRY BULK DEMOLITION DERBY - JOHN N. COTZIAS
In the first half of the year 373 Bulkers and General Cargo ships were scrapped representing 23.8mil tons of dwt carrying capacity.
Comparing ...
Tuesday, 12 July 16
DUE TO LONG HOLIDAYS, CS COAL INDICES HELD AT THE SAME LEVEL OF THE PREVIOUS WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin was flat week over week to averaging $39.98 per ton this past week.
Due to the ...
Monday, 11 July 16
COAL MARKETS SAW IMPROVED PRICES IN H1 2016 - SGX'S COMMODITIES MID-YEAR REFLECTION
COALspot.com: Coal
Coal markets saw improved prices in H1 2016 with the benchmark coking coal and thermal coal spot prices rising 18% and 25%, re ...
Monday, 11 July 16
THE MAIN SEA FREIGHT INDEX, BDI ROSE FURTHER ON 8 JULY DUE TO STRONG DEMAND FOR PANAMAX SHIPS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.84 percent from las ...
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- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
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