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Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
 Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal prices and adding order uncertainties for exporters, Fitch Ratings and CRU say. Miners from Australian and Indonesia are the most exposed, but the credit impact is muted thanks to sufficient rating headroom as we have already incorporated a downward pricing trend in our rating assumptions.
The Chinese coal market’s tightness has eased due to a combination of weaker demand and improved domestic supplies. Chinese coal demand has declined as residential power consumption reduced at the end of the winter heating season in mid-March and hydro supply increased in south China due to heavy rains. Chinese domestic coal supply has gradually improved in recent quarters as the pace of capacity closures has slowed and incremental capacity has been expedited to bring down fuel costs, according to CRU. Inventories at the six main power producing groups edged up to 16.0 million tonnes in late March, 13% higher than the average for 2018 of 14.1 million tonnes.
Growing domestic supply is likely to prompt the Chinese government to tighten control over thermal coal imports. This would imply higher order volatility and risks for seaborne coal suppliers targeting the Chinese market, which are mainly miners in Australia and Indonesia. The Chinese government appears to have adopted an on-and-off importing policy since 2017 by implementing stricter checks when domestic supply is sufficient and speeding up clearing when domestic supply is tight. Australian coal cargoes, for example, have been facing increasing delays clearing customs at Chinese ports since February, according to CRU.
While seaborne coal remains price competitive compared to domestic coal, risks of long clearing time and import bans may discourage Chinese consumers from using seaborne coal, especially when domestic supply is sufficient.
Australian coal producers are likely to face the risk of order cancellation, and to some degree, be forced to compete for sales in alternative countries. This may lead to weak prices in the seaborne market, especially for the mid-content-value coal of around 5,500kcal/kg that Chinese importers typically buy from Australia.
Imports from Indonesia have been less affected by the recent Chinese controls, according to press reports, although Indonesian producers are still likely to come under pressure to find new markets due to overall declining Chinese demand for seaborne coal, as well as increasing Indonesian domestic output, and weaker-than-expected domestic demand.
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Wednesday, 26 February 20
SHIPPING MARKET INSIGHT - INTERMODAL
Coming from one of its busiest periods historically, with a list of scrubber and BWMS retrofits on a waiting list, the ship repair sector is witnes ...
Wednesday, 26 February 20
AS ALL OF THE GLOBAL COAL GIANTS EXIT SOUTH AFRICA, ESKOM TO DEPEND ON TWO MINERS FOR 70% OF ITS SUPPLY - BUSINESS INSIDER
While some of its politicians continue to imagine that coal has a future in South Africa, two key developments from the real world show that securi ...
Tuesday, 25 February 20
DELTA DUNIA MAKMUR REGISTERED A NET PROFIT OF US$20 MILLION FOR FY 2019
PT Delta Dunia Makmur, one of the largest coal mining company in Indonesia, has recorded an US$882 million revenue for FY 2019, 1% lower compared t ...
Tuesday, 25 February 20
SHIPPING UPDATE - ALLIED
The positive feeling and optimism for a fresh rally during the first few months of 2020 that prevailed in the tanker markets during the final quart ...
Monday, 24 February 20
COULD SOME VLSFO FUELS BE BANNED? - GIBSON
The run up to the implementation of the new IMO rules on marine fuels from1st January 2020 had owners and charterers analysing the vari ...
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Showing 1106 to 1110 news of total 6871 |
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- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Agrawal Coal Company - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
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