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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, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Planning Commission, India
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
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