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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, 05 September 18
ASIAN DEMAND COULD CREATE DEFICIT IN GLOBAL LNG MARKET - FITCH RATINGS
Growing gas demand from Asia, particularly from China, could swing the liquefied natural gas (LNG) market into a deficit by 2022-2025, Fitch Rating ...
Tuesday, 04 September 18
SUPRAMAX: THE ASIAN SECTOR REMAINED ACTIVE WITH RATES STILL FIRM ESPECIALLY IN SE ASIA - BALTIC BRIEFING
Capesize
A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes r ...
Thursday, 30 August 18
SUPRAMAX: CIS COAL TO FAR EAST WENT AT MID TENS AND TO SE ASIA AT CA USD 8000 - FEARNLEYS
Capesize
There was a slow start this week with holiday in UK on Monday. The index has been slowly coming off since then; The C5 route has seen ...
Wednesday, 29 August 18
MID-YEAR FY19 POWER OUTLOOK: IMPORTED COAL REQUIREMENT TO INCREASE DURING REMAINING FY19: IND-RA
India Ratings and Research (Ind-Ra) has maintained a stable-to-negative outlook on the Indian power sector for the remaining FY19, despite a rise i ...
Wednesday, 29 August 18
IMPACT ON CHARTERPARTIES - TIME TO ACT NOW : NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
The challenges introduced by the global sulphur cap are not exclusively technical. The new limits are likely to impact co ...
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- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
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