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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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Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize
Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...
Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
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- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Australian Coal Association
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
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