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Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
 "Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expected to substantially ease in 2019, even as macro concerns of slowing global GDP growth, trade issues and easing commodity prices create cause for caution," said Peabody Executive Vice President and Chief Financial Officer Amy Schwetz, as reported in Peabody Reports Earnings For Quarter and Year Ended December 31, 2018.
Continued tightness in seaborne thermal supply-demand dynamics in 2018 contributed to ongoing strength in the 6,000-specification Newcastle thermal price. The fourth quarter average prompt Newcastle thermal price eased 10 percent from the third quarter 2018 to $105 per tonne. The spread between the 6,000 Newcastle specification product and the lower-quality 5,500 product tightened to an average of approximately $42 per tonne in the fourth quarter compared to an average of approximately $48 per tonne in the third quarter.
Quarter and Year Ended December 31, 2018 report of the Peabody further noted that, the ongoing importance of the Asia/Pacific region was again highlighted in 2018. Despite import restrictions enacted by the Chinese government, Chinese thermal coal imports rose approximately 16 million tonnes in 2018, as domestic supply was outpaced by increased domestic power consumption, which grew at the highest rate since 2011. India thermal coal imports increased 18 percent to 167 million tonnes as rising domestic coal production fell short of continued strong domestic demand. In addition, ASEAN nations expanded imports by 19 million tonnes in 2018 to support ongoing urbanization. Globally, coal-fueled power plants continue to be built, with approximately 56 gigawatts of new capacity added in 2018, with another some 60 gigawatts of additional capacity expected to come online in 2019.
On the supply-side, Peabody said, lower-quality Indonesia exports rose 39 million tonnes in 2018 over the prior year primarily in response to increased demand from China and India. Both Australian and U.S. thermal coal exports remained strong, up 4 percent and an estimated 34 percent, respectively, year-over-year.
Turning to metallurgical coal, premium hard coking coal spot pricing remained high in the fourth quarter, averaging $221 per tonne. The fourth quarter index settlement price for premium hard coking coal was $212 per tonne compared to $192 per tonne in the prior year. Pricing for the low-vol PCI product also continued its strength, with a fourth quarter benchmark settlement of $139 per tonne compared to $127.50 per tonne in the prior year. Looking ahead to the first quarter 2019, the low-vol PCI benchmark price was set at $141 per tonne.
Seaborne metallurgical coal supply/demand balance remains favorable. India continues to demand metallurgical coal to meet its steel making needs, with metallurgical coal imports rising 5 percent in 2018 over the prior year. However, Chinese metallurgical coal imports eased 5 million tonnes due to an increased reliance on domestic supplies and scrap steel usage. Increased steel production from ASEAN nations also continues to support seaborne metallurgical coal demand.
Even with continued strength in pricing, supply growth remains muted with metallurgical exports from Australia and the U.S. rising 7 million tonnes and an estimated 4 million tonnes, respectively in 2018.
Within the U.S., a mix of higher seasonal demand, increased fourth quarter natural gas prices and ongoing strength in exports resulted in continued stockpile reductions despite substantial plant retirements in 2018.
Total U.S. electricity generation rose 4 percent in 2018, while coal demand fell 4 percent. However, a 16 million ton decline in total U.S. coal production and an estimated 18 million ton increase in U.S. thermal exports led to utility coal stockpiles falling 37 million tons since 2017, reaching the lowest levels since 2005. As a result of continued strength in seaborne thermal coal pricing, the Illinois Basin is forecasted to be the largest thermal exporting region in the United States.
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Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...
Thursday, 26 September 19
INDIA INCREASES ITS ANNUAL COAL PRODUCTION BY 2.7% PER YEAR FROM 850 MILLION SHORT TONS IN 2018 TO 2 BILLION SHORT TONS BY 2050 - EIA
Worldwide coal production holds steady at about 8 billion short tons, or 160 quadrillion British thermal units (Btu), per year through 2040. Inc ...
Wednesday, 25 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
In the past five months there has been significant activity in the asset market with the dry bulk segment being by far the most volatile in terms o ...
Tuesday, 24 September 19
9TH ANNUAL SUPPLY CHAIN INNOVATION SUMMIT 2019 ASIA PACIFIC
Summit: 9th Annual Supply Chain Innovation Summit 2019 Asia Pacific
Host: Ace Events
Website: http: ...
Monday, 23 September 19
SUPRAMAX: THE ASIAN ARENA IT WAS A SLOW START, BUT DEMAND INCREASED AS THE WEEK WENT ON - BALTIC BRIEFING
Capesize
The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at ...
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- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- The University of Queensland
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
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