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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$77 a tonne in 2020–21.
Thermal coal resources and Energy Quarterly December 2018 also noted that, the forecast decline in prices is driven primarily by an expected slowdown in import demand from China over the next two years. Ongoing policy changes to reduce emissions and dependency on coal in other major economies are also expected to weigh on demand and thus prices. Nevertheless, a lack of substantial investment in new thermal coal capacity is expected to put a floor under prices, which are forecast to remain well above the lows of 2015 and 2016. Despite the recent strength in prices, a range of factors have contributed to a slowdown in investment in Australia and the rest of the world, including difficulties attracting finance and uncertainty regarding future policy developments around the world.
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Thursday, 03 January 19
CAPESIZE: A MORE POSITIVE START OF THE NEW YEAR THAN EXPECTED FOR THE BIG SHIPS - FEARNLEYS
Capesize
A more positive start of the new year than expected for the big ships, with average gains of US$ 500/day posted on the first tra ...
Tuesday, 01 January 19
INDONESIA: COAL PRODUCTION EXPECTED TO EXCEED THIS YEAR'S TARGET - JP
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, accordin ...
Monday, 31 December 18
THE INDONESIAN COAL MARKET Q1 '19 FORECAST: LOOKS DIRECTIONLESS - TRADER
The Indonesian coal market looks directionless, an International coal trader said when we asked him to give his forecast for 1Q' 2019.
...
Monday, 31 December 18
GLOBAL COAL DEMAND GREW BY 1% IN 2017; GLOBAL COAL POWER GENERATION INCREASED BY OVER 250 TWH - IEA
After two years of decline, global coal demand grew by 1% in 2017 to 7585 Mt as stronger global economic growth increased both industrial output an ...
Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million ...
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Showing 1506 to 1510 news of total 6871 |
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- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
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