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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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Wednesday, 11 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.07 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points Monday, up 0.07 percent week on week.
The index, released by China ...
Wednesday, 11 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
On the 4th of September the Baltic Dry Index marked its highest level for 2019, reaching 2,518 points, while the rest of the dry indices also recor ...
Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the st ...
Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019. According to EIA's Shor ...
Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
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- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
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