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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 $141 per tonne.
Seaborne metallurgical coal supply/demand balance remains favorable. India continues to demand metallurgical coal to meet its steel making needs, with metallurgical coal imports rising 5 percent in 2018 over the prior year. However, Chinese metallurgical coal imports eased 5 million tonnes due to an increased reliance on domestic supplies and scrap steel usage. Increased steel production from ASEAN nations also continues to support seaborne metallurgical coal demand.
Even with continued strength in pricing, supply growth remains muted with metallurgical exports from Australia and the U.S. rising 7 million tonnes and an estimated 4 million tonnes, respectively in 2018.
Within the U.S., a mix of higher seasonal demand, increased fourth quarter natural gas prices and ongoing strength in exports resulted in continued stockpile reductions despite substantial plant retirements in 2018.
Total U.S. electricity generation rose 4 percent in 2018, while coal demand fell 4 percent. However, a 16 million ton decline in total U.S. coal production and an estimated 18 million ton increase in U.S. thermal exports led to utility coal stockpiles falling 37 million tons since 2017, reaching the lowest levels since 2005. As a result of continued strength in seaborne thermal coal pricing, the Illinois Basin is forecasted to be the largest thermal exporting region in the United States.
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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
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