We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 29 December 18
DELIVERY OF CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING - TT CLUB
KNOWLEDGE TO ELEVATE
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled t ...
Friday, 28 December 18
BIMCO 2020 SULPHUR CLAUSES: "A FAIR ALLOCATION OF RESPONSIBILITIES AND LIABILITIES'? - INCE & CO.
To assist owners and charterers to address the legal issues arising under any time charterparties, which will span the 1 January 2020 implementatio ...
Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
Capesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed r ...
Thursday, 27 December 18
SHIPPING IS ENTERING A NEW ERA OF EVER CHALLENGING CONDITIONS - ALLIED
As we move closer to the end of the year and we look forward into New Year, we are still finding ourselves looking deep into a market outlook full ...
Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
|
|
|
Showing 1511 to 1515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
|
| |
| |
|
