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Tuesday, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
 Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian countries grows and oversupply tightens due to financing constraints for new capacity.
Investors widely anticipate the slow demise of coal use due to policies encouraging cleaner natural gas and renewable energy generation, as well as public pressure on companies to fight climate change and increasing divestment from coal assets.
However, the shorter-term outlook is for a resurgence in prices as oversupply is reduced.
“As 2020 gets under way there are signs that the support that international coal prices found at the tail end of last year could just be a foretaste of a market recovery in the year ahead,” said Guillaume Perret at consultancy Perret Associates.
“Although demand looks set to remain largely subdued, tightening supply, especially in the Atlantic market, could boost prices after their heavy fall in 2019,” he added.
Scant investment in the industry, difficulties securing finance and cost-cutting measures means stocks are depleting quickly which will reduce oversupply.
Physical Australian thermal coal and European benchmark coal futures lost around one third of their value last year, while European physical prices dropped by as much as 40%.
So far this month, prices for prompt loading at Australia’s Newcastle terminal have gained 13% while front-year European API2 coal futures have risen 16%.
In Europe, the cheapness of natural gas, coupled with strong carbon permit prices, meant gas was more competitive than coal in power generation last year. This trend is set to continue as liquefied natural gas (LNG) supply is expected to increase further and keep gas prices under pressure.
The U.S. coal industry continues to decline due to competition from cheap shale gas and renewables, but coal use in India, Vietnam, Indonesia, Bangladesh and Pakistan is expected to continue to grow.
“We see a recovery in traditional coal markets. This sets the stage for supply to be over-cut throughout the first half of the year and, when LNG prices finally rise and winter restocking begins, coal prices could soar as they did in 2016,” said Dale Hazelton, head of thermal coal research at Wood Mackenzie.
Source: Reuters
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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
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- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- White Energy Company Limited
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
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