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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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Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
Friday, 31 July 20
BOTSWANA PLANS MORE COAL-FIRED POWER AS AFRICAN SOLAR ACCELERATES - IEEFA
An African economic leader like Botswana should embrace solar to reduce subsidies and tariff hikes
As Sub-Saharan solar ambition has ...
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- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- PTC India Limited - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
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