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Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are being re-routed to other Asian countries open for business; but at lower prices. Traders have complained that custom clearances times are dramatically up on the Chinese ports, taking on average 45 days to offload, compared to 10-12 days earlier with volumes limited to a few thousands of tons. What appears to be a Chinese indirect restriction on Australian coal in particular—Australia being second biggest exporter of coal to China—the Australian dollar dropped by 1 percent following news of the apparent ban with prices under pressure in the overall market. Too bad for coal miners, but great news for coal importers.
According to a Reuters report, Australian Thermal Coal price per ton was $92.53 the past week, down from prior week’s $95.18. In the week of Feb 17, 2019 last month, the price was $89.46 at a 19-month low. Month-end data of Feb-19 shows that coal prices are down 10 percent since this month last year, and by 19 percent since Aug-18. Though some mysterious Chinese sources have told the media that
China has put a cap on Australian coking coal and thermal coal imports which in 2018 stood at 39 million tons and 49 million tons respectively—both over 20 percent of Australian global exports in the commodities. Meanwhile, there are no such barriers on Indonesian or Russian coal. Analysts believe the ban may be politically inclined (Australian government has recently put a ban on Huawei from building a 5G network) but Chinese official word is that the policy is targeting “environmental protection”, not any particular country.
According to officials, China is running safety and quality checks—which include radioactivity tests—at the ports which is causing the delays. This is apparently to safeguard the environment and coal importers in the country, though it doesn’t make sense why coal from other countries are getting a free pass. In fact, analysts believe this move is simply to safeguard the interests of domestic Chinese coal miners who are battling Australian imports which are preferred in the market due to their higher productivity. The move may even backfire since importers will be racing to the doors of other higher-grade coal producers like Indonesia.
It has been argued by Wood Mackenzie’s Research Director to the Financial Review that a prolonged ban may have adverse implications. It could raise Chinese steel makers’ prices since they will be using domestic coal whereas excess volumes of Australian coal will flood the markets that would depress coal prices. However, the restriction is limited to a few ports so far. According to Refinitiv, the financial markets arm of Reuters, the pricing is not indicative of a massive slowdown in China’s coal imports. There aren’t dramatic changes in volumes either, though the speed of vessel offloading in March may be foretelling a challenging future.
Source: Business Recorder
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Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
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Showing 1421 to 1425 news of total 6846 |
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- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
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