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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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Tuesday, 26 June 18
A SHARP RISE IN THE PRICE OF CRUDE OIL WAS TO BE SEEN ON FRIDAY, ITS BIGGEST DAILY GAIN IN TWO YEARS - GEORGE LAZARIDIS
A sharp rise in the price of crude oil was to be seen on Friday, its biggest daily gain in two years, as OPEC reached a deal to raise output. Despi ...
Monday, 25 June 18
AUSTRALIA'S NEWCASTLE PORT SHIPPED 12.179 MT OF COAL IN MAY; DOWN 14.77% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,453.6 Mi ...
Monday, 25 June 18
COAL IN THE CROSSFIRE: CHINESE TRADERS WARY OF BEING BURNT BY TRADE WAR - REUTERS
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose s ...
Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Viet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) ...
Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
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Showing 1691 to 1695 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
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