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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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Wednesday, 25 July 18
TANKER MARKET INSIGHT - DIMITRIS KOURTESIS
We are now into the second half of 2018, which so far has not been a fruitful year for tankers. With 2020 quickly approaching we need to consider t ...
Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing da ...
Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal f ...
Wednesday, 18 July 18
INDONESIA TO AUCTION 16 MINING SITES - JP
Indonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administr ...
Wednesday, 18 July 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
The new regulations for Chinese flag restricting import of Tier I ships have dominated market sentiment during the past days as buyers have been tr ...
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- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
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