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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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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
Monday, 04 November 19
PANAMAX: WEAKER SENTIMENTS CONTINUED FROM LAST WEEK, WITH RATES FURTHER SOFTENING IN BOTH BASINS - BALTIC BRIEFING
Capesize
The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, t ...
Thursday, 31 October 19
U.S. COAL-FIRED POWER PLANTS SCHEDULED TO SHUT - REUTERS
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,30 ...
Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, ...
Monday, 28 October 19
ULTRAMAX: ASIA RATES REMAINED UNDER PRESSURE WITH THE NORTH LACKING FRESH ENQUIRY - BALTIC BRIEFING
Capesize
The end of the week brought about a small increase in sentiment heading into a long weekend for some regions. After sustaining a drop ...
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Showing 1296 to 1300 news of total 6871 |
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- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
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