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Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
 Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
According to BHP, the gCNewc 6000 kcal/kg FOB Newcastle index (hereafter 6000kcal) averaged around $61/t over the half, down from around $68/t in the first half of financial 2020. Prices ranged from a high of around $74/t to a low of around $50/t. That is below the 2015/16 trough in real terms. Based on the Wood Mackenzie operating cost curve, more than half of seaborne supply (comprising all grades of energy coal) was likely experiencing negative margins with 6000kcal prices in the low $50s.
The 5500kcal index averaged around $49/t over the same period, with a high of around $58/t and a low of around $38/t, which was where it closed out the half year.
BHP’s Economic and Commodity Outlook further noted that, the spread between the spot indexes for gCNewc 6000kcal and 5500kcal reverted to historical average of close to 20 per cent in the second half of financial year 2020, down from around 30 per cent in the 2019 calendar year.
“While not directly relevant to our business, there was a compression of spreads between the lower grades of energy coal (the 5000, 4200 and 3400 gross–as–received29 kcal brackets) as prices traded deep into the cost curve. Supply has been “sticky” in most export jurisdictions, with the exception of Indonesia, where output has been materially lower. Indonesian supply is prominent in these lower quality brackets” says BHP. Developed Asian markets, who are the largest buyers of >5500kcal product, have been weak under the shadow of COVID–19. Japanese imports contracted by –3 per cent YoY in the first half of the 2020 calendar year, while power demand was down -4 per cent YoY, South Korean imports contracted by –11% per cent.
Chinese demand for seaborne energy coal according to BHP’s Economic and Commodity Outlook FY20, rebounded as lockdowns were lifted, with consumption of coal at coastal power plants back in the normal seasonal range by April 2020. Hydro generation has been inconsistent, along with the weather, with dry conditions early in the year then giving way to floods. The market consensus has been that the 271–281 Mt import inflow registered in calendar years 2017 and 2018 would serve as an informal objective for total coal imports (including metallurgical and lignite) in calendar 2020, rather than assuming that the jump to around 300Mt in 2019 was the new norm. Enforcement of quotas by month and by port, including clamping down on the practice of trading firms clearing customs at one port but discharging at another, have been somewhat effective. Even so, with so much product being forced to clear to China under the Great Lockdown, some provinces and individual ports had already exhausted full year quotas by May.
India saw a sharp decline in energy coal imports in January – June 2020 (–27 per cent YoY). Power demand declined by –7 per cent YoY in the same period, while domestic coal output was quite resilient, at –3 per cent YoY.
Demand from the Atlantic and Mediterranean regions was weak in advance of COVID–19 and lockdowns have deepened the malaise. In calendar 2019, the weakness reflected commercially driven coal–to–gas switching in parts of Europe, where relatively cheap pipeline gas and LNG imports, plus a steep rise in the price of European Carbon Allowances (ECAs)30, have driven generator behaviour. In calendar 2020 to date, all of these factors have remained in place and in some instances they have been amplified by COVID–19: and demand for power itself has now fallen sharply. Renewables have been able to take a larger share of that shrinking pie BHP concluded in its latest Economic and Commodity Outlook FY20.
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Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher befo ...
Wednesday, 26 August 20
WORLD COAL EXPORTS: INDONESIAN THERMAL COAL EXPORTS HAVE COME UNDER PRESSURE AS THERMAL COAL PRICES WEAKEN - REPORT
Indonesia’s exports to decline sharply from record highs
Indonesia is the world’s largest thermal coal exporter, sellin ...
Wednesday, 26 August 20
JAPAN'S COAL IMPORTS ARE BEING AFFECTED BY COMPETING INFLUENCES - REPORT
Japan is the world’s third largest thermal coal importer, importing an estimated 135 million tonnes of thermal coal in 2019. The country&rsqu ...
Wednesday, 26 August 20
PENDING SOUTH KOREA LEGISLATION COULD FORCE HALT TO COUNTRY’S COAL PLANT EXPORT DEALS - KOREA ECONOMIC DAILY
South Korea’s parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired p ...
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Showing 811 to 815 news of total 6871 |
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- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
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