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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, 26 June 18
"ALWAYS ACCESSIBLE": ARRIVAL, DEPARTURE OR BOTH? - INCE & CO
KNOWLEDGE TO ELEVATE
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to ...
Tuesday, 26 June 18
A SHARP RISE IN THE PRICE OF CRUDE OIL WAS TO BE SEEN ON FRIDAY, ITS BIGGEST DAILY GAIN IN TWO YEARS - GEORGE LAZARIDIS
A sharp rise in the price of crude oil was to be seen on Friday, its biggest daily gain in two years, as OPEC reached a deal to raise output. Despi ...
Monday, 25 June 18
AUSTRALIA'S NEWCASTLE PORT SHIPPED 12.179 MT OF COAL IN MAY; DOWN 14.77% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,453.6 Mi ...
Monday, 25 June 18
COAL IN THE CROSSFIRE: CHINESE TRADERS WARY OF BEING BURNT BY TRADE WAR - REUTERS
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose s ...
Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Viet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) ...
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- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Planning Commission, India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
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