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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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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 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 ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
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- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- White Energy Company Limited
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
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