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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, 18 December 18
TOBA BARA ACQUIRES SHARES OF PT BATU HITAM PERKASA
PT Toba Bara Sejahtra Tbk, through its subsidiary PT Toba Bara Energi (“TBE”), has acquired shares ...
Monday, 17 December 18
SUPRAMAX THERE WAS STRONGER DEMAND FROM SOUTHEAST ASIA, WITH MORE COAL BEING SHIPPED - BALTIC BRIEFING
Capesize
A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/ ...
Monday, 17 December 18
SOUTH KOREA STATE-OWNED UTILITY KOREA EAST-WEST POWER CO. LTD ISSUED A TENDER FOR MAX 3.220 MILLION TONS OF 4200 TO 5900 NAR COAL
COALspot.com: South Korea state-owned utility Korea East-West Power Co. Ltd (EWP) issued a tender for max 3,220,000 Metric Tons of coal to be loade ...
Saturday, 15 December 18
COMING CHANGES IN MARINE FUEL SULFUR LIMITS WILL AFFECT GLOBAL OIL MARKETS - EIA
International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operat ...
Friday, 14 December 18
KOSPO INVITED BIDS FOR 320,000 MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,300 kcal/kg NCV coal per ...
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Showing 1526 to 1530 news of total 6871 |
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- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- The University of Queensland
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
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