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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, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
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- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
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