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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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Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...
Friday, 08 March 19
CHINA'S COAL DEMAND FORECAST TO DROP SLOWLY - YONHAP
China’s coal demand is expected to fall at a snail’s pace over the next 20 years due to the country’s preference for the cheap fo ...
Thursday, 07 March 19
INDONESIAN COAL PRICE REFERENCE PLUNGE TO LOWEST IN SEVEN MONTHS
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 06 March 19
KOSPO INVITES BIDS FOR 80,000 MT OF 3800 NCV COAL FOR 21 - 30 MARCH, 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 80,000 MT of min 3,800 kcal/kg NCV low calor ...
Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
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