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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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- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
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