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Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said.
The new virus, which originated in China, has claimed over 1,800 lives in the country, and caused widespread disruption to domestic manufacturing and global supply chains.
“Supply has been hampered in the short-term even more than demand. This has created a short-squeeze in the market, which is likely to last 2-3 months,” Rodrigo Echeverri, Noble’s head of hard commodities research, said in a presentation at the Coaltrans India conference.
He expected Chinese demand for thermal coal – mainly used for electricity generation – to fall by about 180 million tonnes due to the disease, outpaced by a loss of about 200 million tonnes of production.
China city air quality indices, which increase when industrial production picks up, and migration data show that very few workers have returned to work after an extended Lunar New Year holiday, Echeverri said.
“China is not producing right now,” he said, adding that lower box office sales and real estate transactions also pointed to a lack of consumption in China.
Elsewhere, coal production in Indonesia, the world’s largest thermal coal exporter, is expected to increase along with local demand, leaving little room for higher exports, Echeverri said.
Global demand for seaborne thermal coal is expected to fall marginally in 2020 due to a further decline in demand from Europe and the Americas, and the market is expected to be adequately supplied this year, he said.
“Going into 2020, we see that market has started to rebalance itself,” Echeverri said.
Supply in 2020 is expected to outstrip demand by 0.8%, compared with tighter market conditions in the previous two years.
Source: Reuters
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Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
Friday, 27 March 20
CHINA'S BULKS: THE SENTIMENT GAP BETWEEN STEEL AND COAL WIDENS - WOOD MACKENZIE
China seems to be containing its local coronavirus situation, with imported cases now posing the greater threat. While quarantine measures remain t ...
Friday, 27 March 20
S.KOREA Q1 THERMAL COAL IMPORTS SET FOR 10-YR LOW ON ANTI-POLLUTION MEASURES - REUTERS
South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronaviru ...
Friday, 27 March 20
PORT OF NEWCASTLE OPERATIONS CONTINUE WITH COVID-19 RESPONSE MEASURES IN PLACE
Port of Newcastle, like many organisations, is taking a precautionary approach to help manage COVID-19 risks in the community. Our focus is on ensu ...
Thursday, 26 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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- PTC India Limited - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- The University of Queensland
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Australian Coal Association
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
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