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Wednesday, 26 August 20
ASIAN COAL PRICES LIKELY TO REMAIN DEPRESSED SAY TRADERS, ANALYSTS - REUTERS
 Asian coal prices, which have fallen around 25% this year as power demand slumped due to the coronavirus outbreak, are unlikely to move higher before the end of 2020 as utilities work through inventories, traders and analysts said.
Coal prices have slumped to near five-year lows after falling by a third last year and are now at around $50 a tonne, a level not seen since 2016.
“We are bouncing along the bottom,” said Dale Hazelton, coal analyst at Woodmac in Singapore. “There was such a demand shock with the global lockdown, which greatly reduced power demand and that leads to greatly reduced coal demand.”
Producers will take a while to cut output to balance out supplies to the market and inventories are high for many utilities in Asia.
Year-on-year demand is going to be down about 60 million to 70 million tonnes, Hazelton said.
Global demand is expected to reach around 5,600 million tonnes by 2024, the International Energy Agency said in a recent report.
In Japan, big utilities are burning more liquefied natural gas (LNG), not only due to lower prices but also because they have contractual supply obligations that are hard to avoid, said a coal specialist at one of Japan’s trading houses.
Prices for LNG have risen in recent months due to supply constraints and seasonal demand increases but they remain well below historical highs.
Adding to the Asian coal market woes are restrictions by China on imports, especially from Australia, due to strict quotas that many analysts argue are partly politically motivated due to tensions between the countries.
“It’s really hard to say how the quota will impact imports because it is only a tiny part of the national supply and demand balance,” said a China-based analyst, who requested anonymity due to sensitivity of the issues.
The following graphic compares returns for prices this year of coal (blue) and LNG (purple), the main fuels for producing electricity in the region.
Source: Reuters (Reporting by Aaron Sheldrick; Editing by Krishna Chandra Eluri)
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Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
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- Petrochimia International Co. Ltd.- Taiwan
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- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
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