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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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Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years
Utilities globally started changing the way they do business ye ...
Friday, 04 September 20
KOMIPO INVITED BIDS FOR AUSTRALIAN MIN 5,700 NCV COAL FOR NOVEMBER
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 260,000 MT Min.5,700 kcal/kg NCV coal November, 2020 loading. Acc ...
Thursday, 03 September 20
BRINGING SERVICES OF FTCCI CLOSER TO THE EXPORTERS AT GMR AIR CARGO COMPLEX AT SHAMSHABAD
Press Release: “FTCCI Trade Facilitation Services at your doorstep now” says J.S. Chandrashekar, IRS., Principal Commissioner of Custom ...
Thursday, 03 September 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
C ...
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- White Energy Company Limited
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
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