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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, 02 September 20
MARKET INSIGHT - INTERMODAL
The imminent global shift towards eco-friendliness has caused divide among the shipping community because there is no outlined, clear-cut way via w ...
Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA
COALspot.com: The Indonesia Coal Price Reference ...
Tuesday, 01 September 20
WHY INDIA CAN'T MATCH THE GULF REGION'S RECORD-LOW SOLAR TARIFFS - IEEFA
5-10% annual decline in tariffs estimated for the next decade
A number of countries in the Gulf region have set record-low prices for solar in ...
Tuesday, 01 September 20
COVID-19 PUSHES US LNG INTO A TIGHT SPOT - DREWRY
The pandemic-led weak projections for economic growth will derail US LNG exports in full-year 2020 with the country also losing ground in the long ...
Monday, 31 August 20
DEFECTIVE PASSAGE PLANNING: UNSEAWORTHINESS OR A NAVIGATIONAL DECISION? THE CMA CGM LIBRA QUESTION SAILS ON TO THE UK SUPREME COURT - GARD
KNOWLEDGE TO ELEVATE
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG ( ...
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- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- The University of Queensland
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
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