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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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Monday, 12 November 18
COAL BUSINESS REMAINS PROSPECTIVE - ANTARA
Coal business happened to be sluggish in the 2012-2015 period because coal prices in the world market fell sharply, but it has begun to crawl up si ...
Monday, 12 November 18
INDONESIA'S HBA ENDS DECLINE IN NOVEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 07 November 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
This has been another active week in the second-hand market for both the dry bulk and tanker sectors. Buying interest has recently increased, which ...
Monday, 05 November 18
TIGHTER FUEL RULES COULD RAISE SHIPOWNERS' COSTS AND CAPEX - FITCH RATINGS
More stringent fuel regulations regarding sulphur content could significantly increase global shipping companies’ operating costs and capex n ...
Friday, 02 November 18
COAL FETCHES 102% PREMIUM IN E-AUCTION, SURPASSING THE EARLIER HIGHEST OF 95% - FINANCIAL EXPRESS
Coal prices have received a premium of 102% in spot e-auction during September 2018, surpassing the earlier highest of 95% premium during the spot ...
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- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
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