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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, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
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- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Central Electricity Authority - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
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