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Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
 Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018.
Thermal coal cargoes for prompt export from Australia’s Newcastle port last settled at $120.10 per tonne. That’s the highest close since November 2012 and up by 140 percent from record contract lows in late 2015/early 2016.
The price surge has been driven by strong demand from China to feed healthy power demand and industrial growth, despite a drive to shift industry and millions of households from coal to cleaner natural gas.
Restocking to provide cooling over the hottest summer months has added to demand, along with constraints on supply due to earlier mine closures and high hurdles to developing new mines amid concerns about pollution and global warming.
Indonesia has been the biggest beneficiary of China’s strong demand, but Australian miners have also benefited.
“Indonesian shipments to China saw the most gains, estimated to reach 61.8 million tonnes or approximately 49 percent of Chinese imports in the first 6 months of 2018, up from 46.3 million during the same period in 2017,” ship brokerage Banchero Costa said in a note to clients.
“Imports from Australia were estimated at 42.84 million tonnes or 34 percent of China’s imports in 1H 2018, marginally higher compared to the 42.62 million tonnes shipped during the same period in 2017,” it added.
Demand has also been supported by Japanese utilities, which buy about 40 percent of Australia’s thermal coal exports.
Traditionally, Japanese utilities receive most of their coal under long-term deals which they negotiate with suppliers.
However, talks between Japanese utility Tohoku Electric Power and Glencore, the world’s biggest supplier of seaborne thermal coal, were recently abandoned after they failed to reach an agreement.
Traders said this forced Tohoku into the spot market to cover anticipated demand for the rest of the year.
“Once it became clear there would be no agreement, Tohoku went into the spot market to order supplies from Australia,” said one trader with a major merchant, who declined to be named as he was not authorised to speak to media about commercial matters.
“Other utilities, which in the past have used the Tohoku/Glencore deal as a price benchmark, also rushed into the spot market to order coal,” he added.
Tohoku was not immediately available for comment.
Source: Reuters
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Wednesday, 12 September 18
MARINE BUNKERS: THE END OF THE WORLD AS WE KNOW IT - IBIA
KNOWLEDGE TO ELEVATE
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. ...
Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...
Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize
Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...
Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.
According to the latest min ...
Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize
The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average dai ...
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Showing 1626 to 1630 news of total 6871 |
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- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
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