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Tuesday, 18 December 18
COAL OUTLOOK BULLISH DESPITE WEAK CHINESE IMPORT DATA - HEREN, ICIS
 Coal prices may appreciate over the remainder of 2018 even despite recent data showing falling imports from the world’s largest producer and consumer, China.
The European-benchmark Rotterdam coal front year has recovered from a low of around $82.00/tonne in mid-November, reaching above $89.00/tonne on Thursday. Prices previously fell steeply, driven down by oil, a mild start to the winter, and Chinese import restrictions.
Authorities in Beijing wish to support domestic coal miners, but abandoned similar constraints last year when freezing temperatures led to a heating crisis in the north of the country.
As such, the temperature outlook in China is the key driver facing the coal market heading into the peak winter season. Online forecasters on Thursday indicated that mild weather is likely in week 51, but there is some cold-snap potential after.
Closer to home, low wind is bringing coal into the German power mix. ICIS analysts on Thursday forecast wind generation averaging just 12.5GW over the next nine days, compared to 19.8GW across December 2017.
With bullish carbon also supporting power prices, German clean dark spreads have widened to the point where most coal plants are firmly in the money next year. This is incentivising forward power hedging as generators lock in profit margins, a supportive factor for coal prices in Europe.
Momentum indicators signal that coal is in a short-term uptrend under technical analysis models. While the Rotterdam front year is overbought after six straight session-on-session gains, its 200-session moving average should support prices around $89.00/tonne. This may prevent a significant downward correction in coming sessions, enabling further gains after a consolidation period.
ICIS analysts have a bullish outlook for carbon, due to tightening auction volumes in December and next year. This would provide further upward pressure on clean dark spreads and by extension coal in Europe.
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Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal e ...
Thursday, 17 January 19
U.S COAL OUTPUT IS EXPECTED TO FALL BY 3 PER CENT IN 2019 - EIA
EIA forecasts that U.S. coal production will total 729 million short tons (MMst) in 2019, down by 25 MMst (3%) from 2018.
Acco ...
Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...
Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...
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- Bangladesh Power Developement Board
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Australian Coal Association
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
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