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Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
 China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with the matter said, the government’s first direct intervention to cool coal prices since mid-2016.
The National Development and Reform Commission (NDRC) asked miners at a meeting to bring spot coal prices back under 570 yuan ($90) per tonne by June 10, from current levels of as much as 650 yuan per tonne, the sources said.
Miners were also told to increase supplies under long-term contract by 200 million to 300 million tonnes, said the sources, who declined to be named due to the sensitivity of the matter.
The NDRC did not respond to a request for comment.
“The rally in coal prices has prompted the government to issue a flurry of measures to bring down prices,” said Zhang Min, a coal analyst with Sublime Information.
China’s coal market can be heavily influenced by government measures, she said.
In the meeting with utilities, miners and port officials, the NDRC encouraged utilities to halt buying in the next two to three weeks or keep their inventories at lower levels, to let coal prices fall below 570 yuan.
The government hopes to cap total import volumes for 2018 at the same level as 2017, about 471 million tonnes, to help encourage more local output. Beijing, at the same time, also aims to speed up checks on the quality of imported coal cargoes for some major power plants, the two sources said.
On Friday, the NDRC said the current rally in prices is unsupported by market fundamentals.
Two of China’s four largest utilities also banned spot purchases of thermal coal in expectations of near-term declines in prices.
Coal physical traders are looking to sell their inventories and cargoes in the wake of price intervention on Tuesday.
“We are looking to find buyers for our inventories as fast as we can and we will stop booking new cargoes until prices stabilize,” a Beijing-based coal trader with a major state-owned commodities trading firm said.
Traders and analyst are pointing to signs of continuing strong demand in the market, including expectations for hotter-than-usual weather and a pick-up in daily coal consumption by power plants.
“Daily coal consumption from the six largest power plants are at 800,000 tonnes this week, this is unusually high for this month,” a Beijing-based trader said.
Thermal coal futures prices fell for the third day on Tuesday to 610 yuan per tonne on news of the meeting.
Source: Reuters
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Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)
In this case, the Commercial Court fo ...
Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
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- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- PTC India Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
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