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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, 04 July 18
TANKER MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2 years tanker briefing in tanker asset prices
The tanker market is undoubtedly passing one of its’ roughest times over the la ...
Tuesday, 03 July 18
COAL, THE SECOND MAIN COMMODITY FOR CAPES, HAS BEEN SHOWING A REMARKABLE RISE IN TRADE VOLUMES IN THE YEAR SO FAR - THOMAS CHASAPIS
Having reached the mid-point in the year, it seems to be a good time to summarize the overall trends noted in the Dry Bulk sector and more specific ...
Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end o ...
Tuesday, 03 July 18
COAL OVERTAKES IRON ORE IN GOVERNMENT FORECASTS AS AUSTRALIA'S LARGEST EXPORT FOR 2018-19 - MINERALS COUNCIL OF AUSTRALIA
Coal is forecast to be Australia’s largest export earner at $58.1 billion in 2018-19 with iron ore exports forecast to earn $57.7 billion in ...
Monday, 02 July 18
THIESS SECURES NEW QCOAL NORTHERN HUB $480M CONTRACT
Thiess has been awarded a new A$480 million contract by QCoal to continue operations at the QCoal Northern Hub located in Queensland’s Bowen ...
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- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Australian Coal Association
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
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