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Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
 Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal-fired power to help keep air conditioners cranking out cool blasts.
Spot thermal coal cargo prices from Australia’s Newcastle terminal last settled at $121.75 per tonne, their highest since February 2012 and up by a third from their 2018 low, set in April.
“Extreme heat in Asia and Europe is pushing power demand for industrial and also residential cooling above what’s normal for this time of the year,” said one utility trader, declining to be named as he was not authorised to talk about commercial matters.
“Coal has reacted stronger than natural gas because more spare coal capacity has been activated,” he said.
Temperatures in key coal-consuming regions of North Asia and Europe hit records in July and the heat that has continued into August is set to persist, meteorological services said.
Weather analyst Ed Whalen said “widespread warmth between 1-4 degrees Celsius above normal was observed across much of South Central, East, and Northeast China over the past seven days”. Hot weather would this week “dominate most of China once again,” he added.
In Japan, the unusual heatwave last week pushed temperatures in Tokyo above 41 degrees Celsius.
Beyond maximising coal-burning, Japanese utilities have cranked up old oil-fired power stations to cope with the spike in power demand, which has also sent the country’s wholesale electricity prices to record highs.
Extreme heat has also gripped large parts of Europe, with temperatures in Spain and Portugal exceeding 40 degrees Celsius and even Scandinavia seeing temperatures of more than 30 degrees.
The hot weather has also pushed up river temperatures across the region, forcing several nuclear power stations that use the waters for reactor cooling to reduce output.
European utilities, especially in Germany, have turned to coal-fired power stations to fill some of that gap, generation data in Thomson Reuters Eikon showed.
Germany and Europe are not major buyers of Australian coal, but their increased demand is still being felt as a ripple effect amid a globally tighter coal market, traders said.
Overall, thermal coal prices have this year have outperformed other fossil fuels like crude oil and liquefied natural gas, as the strong demand comes amid stagnant output while availablility in oil and gas has been rising.
Source: Reuters
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Saturday, 28 July 18
GOVERNMENT TO REVOKE COAL PRICE CAP POLICY - JP
The government plans to revise its domestic market obligation (DMO) on coal price next week during a high-level meeting with President Joko “ ...
Thursday, 26 July 18
A SUPRAMAX IS NOW PAID AROUND USD 21,500 FOR LOADING IN THE US GULF WITH DISCHARGE IN THE FAR EAST - FEARNLEYS
Cape
There has been a relatively strong summer period so far, and there is a strong week we have left behind us.
In the Pa ...
Thursday, 26 July 18
ASEAN COAL IMPORTS INCREASED IN 2Q' 18 COMPARED TO THE PRIOR YEAR; THIS TREND TO CONTINUE AS 56 GIGAWATTS OF NEW COAL PLANTS IN 24 COUNTRIES WORLDWIDE ARE EXPECTED TO COME ONLINE IN 2018 - PEABODY
Peabody announced its second quarter 2018 operating results, including revenues of $1.31 billion, income from continuing operations, net of income ...
Wednesday, 25 July 18
COAL MINER BUKIT ASAM'S PROFIT GROWS 50% IN FIRST HALF - JP
Coal miner Bukit Asam announced 50 percent profit growth to Rp 2.58 trillion (US$177.33 million) in the first half of 2018, on the back of a coal-p ...
Wednesday, 25 July 18
TANKER MARKET INSIGHT - DIMITRIS KOURTESIS
We are now into the second half of 2018, which so far has not been a fruitful year for tankers. With 2020 quickly approaching we need to consider t ...
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- Posco Energy - South Korea
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
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