We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 30 May 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
Among several hot topics that will be discussed during the Posidonia week, the International Maritime Organization regulation that will be enforced ...
Tuesday, 29 May 18
BLOCKCHAIN CAN HAVE A TRANSFORMATIVE EFFECT ON THE SHIPPING INDUSTRY
KNOWLEDGE TO ELEVATE
Following the launch of a legal briefing on blockchain contracts from UK P&I Club, Claims Executive, Filip Koscieleck ...
Tuesday, 29 May 18
INDIA'S COAL IMPORT DECLINES IN APRIL AMID DIVERSION TO THERMAL POWER PLANTS - PTI
India’s coal import fell by 9 percent to 17.32 million tonnes (MT) in April on the back of ample supply of dry fuel from domestic sources.
...
Monday, 28 May 18
COAL SUPPLY DIVERSION IRKS INDUSTRIES DEPENDENT ON CAPTIVE POWER PLANTS - HINDU BUSINESS LINE
The government’s move to prioritise coal supplies to power plants with minimal coal stock has disrupted fuel supply to some sectors, which ha ...
Monday, 28 May 18
KOMIPO ISSUED ANOTHER TENDER FOR 130K MT OF 5700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 130,000 mt of min. 5700 NAR coal of Australian origi ...
|
|
|
Showing 1711 to 1715 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Economic Council, Georgia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Parliament of New Zealand
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Eastern Energy - Thailand
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Planning Commission, India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
|
| |
| |
|
