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Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century. The Newcastle benchmark is forecast to average US$56 a tonne in 2020, before slowly recovering to US$65 a tonne in 2022, said Office of the Chief Economist’ of Australia in its Resources and Energy Quarterly June 2020 report in early July 2020.
The report further noted that, the bulk of production cuts are expected to come from Indonesia and the US. However, Australia’s exports are forecast to decline from an estimated 213 million tonnes in 2019-20 to 210 million tonnes in 2020-21, as Australian producers come under pressure from low prices.
Australia’s thermal coal exports are forecast to drop from an estimated $20 billion in 2019-20 to $16 billion in 2020-21, before a partial recovery to $17 billion in 2021-22 driven by higher prices and export volumes.
Thermal coal prices remained resilient in early 2020 before falling sharply
According to Resources and Energy Quarterly June 2020 report, seaborne thermal coal spot prices weathered the impacts of COVID-19 over the first few months of 2020. The benchmark Australian thermal coal spot price Newcastle 6,000 kcal/kg NAR (Net As Received) was relatively stable in a US$60-70 a tonne range until early April .
On the demand side, the report said, prices received support from strong buying from China. While COVID-19 restrictions lowered Chinese power consumption, domestic coal production was curtailed by China’s efforts to control the spread of the virus and Chinese buyers turned to imports to make up the shortfall.
The report from Office of the Chief Economist, Australia said, Vietnam also lifted imports substantially over the first few months of 2020, and demand from India and Japan remained resilient. On the supply side, South Africa’s lockdown saw exports from the world’s fourth largest exporter curtailed. COVID-19 also disrupted Colombian output, including at the 27 million tonne per annum Cerrejón coal mine the largest in the nation idled from late March until early May. Against the backdrop of resilient spot prices, the 2020-21 Japanese Fiscal Year contract price (April to March) settled at US$68.75 a tonne, though this still represented a substantial drop from US$95 a tonne for 2019-20.
According to the report, by mid-April, however, spot prices had begun to decline due to weakening thermal coal import demand as a result of the impacts of COVID-19. The Newcastle 6,000 kcal spot price hovered around US$50 a tonne during May and the first half of June.
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- PTC India Limited - India
- MS Steel International - UAE
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