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Monday, 07 January 19
THE NEWCASTLE BENCHMARK SPOT PRICE IS FORECAST TO DECLINE FROM AN ESTIMATED AVERAGE OF US$105 A TONNE IN 2018 TO US$74 A TONNE IN 2020 - DEPARTMENT OF INDUSTRY, AUSTRALIA
 • The Newcastle benchmark spot price is forecast to decline from an estimated average of US$105 a tonne in 2018 to US$74 a tonne in 2020, primarily driven by declining import demand from China.
• Australia’s export volumes are forecast to grow from 203 million tonnes in 2017–18 to 209 million tonnes in 2019–20, reflecting productivity improvements and modest production growth from new capacity.
• Australia’s thermal coal export earnings are forecast to reach a new record of $26 billion in 2018–19, up from a record $23 billion in 2017–18, driven by strong prices. Export earnings are then forecast to decline to $20 billion in 2019–20, as the impact of lower prices more than offsets rising export volumes.
Prices have declined on weak import demand from China
The Newcastle benchmark spot price (6000 kcal/kg net as received) averaged an estimated US$100 a tonne in the December quarter of 2018, a 13 per cent decline from the previous quarter, but 6.9 per cent higher year-on-year. Prices steadily declined to below US$100 a tonne in November, almost a 6-month low, primarily as a result of falling import demand from China, due to stronger domestic production and softening power demand in the period between summer and winter, said Department of Industry, Innovation and Science, Australia in Thermal coal resources and Energy Quarterly December 2018
The report further noted that, Chinese imports are expected to fall sharply in November and December on the back of tightened restrictions on coal imports, with reports that these may be extended through to the Chinese New Year period for some power utilities. The gap in prices for high and low quality coals narrowed in the December quarter, as the Newcastle benchmark price fell more sharply than the prices for lower quality coals. Nevertheless, the price difference remains at high levels compared to the last five years. The gap has been driven by growing demand for higher quality coal due to air quality concerns, particularly in east Asia, and lower supply of higher quality coal.
Thermal coal prices are forecast to drift lower due to softer demand
Commenting on thermal coal price forecast, Australia's Department of Industrysaid, the Newcastle benchmark spot price is forecast to decline over the next two years, from an estimated average of US$105 a tonne in 2018 to US$86 a tonne in 2019 and US$74 a tonne in 2020.
The Japanese Fiscal Year (JFY, April to March) contract price is forecast to settle at US$89 a tonne in 2019–20 and US$77 a tonne in 2020–21.
Thermal coal resources and Energy Quarterly December 2018 also noted that, the forecast decline in prices is driven primarily by an expected slowdown in import demand from China over the next two years. Ongoing policy changes to reduce emissions and dependency on coal in other major economies are also expected to weigh on demand and thus prices. Nevertheless, a lack of substantial investment in new thermal coal capacity is expected to put a floor under prices, which are forecast to remain well above the lows of 2015 and 2016. Despite the recent strength in prices, a range of factors have contributed to a slowdown in investment in Australia and the rest of the world, including difficulties attracting finance and uncertainty regarding future policy developments around the world.
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Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
...
Tuesday, 19 February 19
FAST DEPLETING COAL RESERVES COULD PUSH UP ENERGY PRICES, CAUTIONS EXPERT - THE HINDU BUSINESS LINE
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K ...
Monday, 18 February 19
INDIA'S COAL IMPORT FALLS TO 17.25 MT IN JANUARY - PTI
Coal imports saw a decline in January FY 2019 to 17.25 MT from 19.59 MT in the same month of the previous fiscal, according to a report by mjunctio ...
Monday, 18 February 19
THE ROLE OF COAL IN INDIA'S ENERGY AMBITIONS - WCA
India is the world’s second most populous country and figures among the world’s most rapidly growing economies.
The Sout ...
Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...
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- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- The University of Queensland
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Australian Coal Association
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
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