COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause of the Covid-19 pandemic has been a win for at least two other Asian countries, Japan and India.
 
Refusal by Chinese authorities to permit the unloading of high-quality coking or steel-making coal from Australia has seen the material gleefully received by steel makers in other countries.
 
According to one analysis Japan and India have been the primary recipients of diverted cargoes, helping cut the price of steel in those countries.
 
Credit Suisse, an investment bank, said in a note to clients earlier this week that Australian premium hard coking coal was being sold in India and Japan at $70 a ton less than China’s domestic price for lower-quality steel-making coal.
 
“China’s Australian coal import ban is starting to look like an own goal for steel mills,” Credit Suisse said.
 
The bank said China’s coal ban was enhancing Japan’s steel competitiveness.
 
Coal Markets Distorted
 
“Metallurgical (coking) coal prices are becoming distorted as China’s ban on Australian imports of coal continues,” Credit Suisse said.
 
Steel mills forced to abandon Australia as a supplier, despite its coking coal being widely-regarded as the best in the world, have been seeking replacement material from other countries, including Canada and the U.S.
 
Credit Suisse believes the market will gradually correct as Australian coal miners adjust to the requirements of different countries, but in the short term those countries are enjoying a bonus in the form of cheap coal.
 
“Distressed Australian cargoes have been bought by India, Japan, South-East Asia and Europe, but it seems cargoes remain as the price has sagged further this week.
 
“These destinations should enjoy cheaper coke costs than China, creating a competitive advantage in steel export markets.”
 
Credit Suisse said once the distressed selling ended Australian hard-coking coal prices should recover, even without Chinese buyers.
 
“Hard coking-coal demand is returning in Japan, Korea and Taiwan, India, Brazil, Europe and Vietnam which should absorb most of the Australian supply,” the bank said.
 
“It may not permit prices of $145 a ton that we forecast with Chinese demand, but a price of $130/t seems achievable.”
 
Other Markets Open
 
The Chinese ban on Australian coal, especially highly-prized coking coal is starting to look like an own goal by China as alternative markets open.
 
Shipments of Australian coking coal to India hit a record 4.9 million tons in September, up 7% month-on month while China’s imports sank to 1.8m/t.
 
“Japan also opened up, with imports up 73% month-on-month to 3.1m/t in September as domestic auto industry and electronic component industries recover,” the bank said.
 
“Overall, Australia’s total coking coal exports rose 5% month-on-month in September to 14.9m/t, which was down 2% on a year-to-year basis.”
 
Credit Suisse said the coking coal ban was detrimental to Chinese steelmakers.
 
“So, we expect it will be removed after Chinese New year and prices will normalize.”
Source: Forbes


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...


Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021   Medium-term outlook is less favourable although demand declines are expected to be subtle ...


Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN),  on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...


Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive Although one of the top 10 solar module producers in the world, India ...


Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6208
News by Category
Popular News
 
Total Members : 27,258
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gresik Semen - Indonesia
  • Siam City Cement PLC, Thailand
  • Infraline Energy - India
  • ACC Limited - India
  • Standard Chartered Bank - UAE
  • Maersk Broker
  • Cigading International Bulk Terminal - Indonesia
  • Georgia Ports Authority, United States
  • Minerals Council of Australia
  • ASAPP Information Group - India
  • SGS (Thailand) Limited
  • Agrawal Coal Company - India
  • Africa Commodities Group - South Africa
  • Jorong Barutama Greston.PT - Indonesia
  • Mercuria Energy - Indonesia
  • Bhushan Steel Limited - India
  • Cemex - Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Platou - Singapore
  • The State Trading Corporation of India Ltd
  • Rio Tinto Coal - Australia
  • Posco Energy - South Korea
  • The India Cements Ltd
  • Bulk Trading Sa - Switzerland
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Ambuja Cements Ltd - India
  • Inspectorate - India
  • PLN - Indonesia
  • IEA Clean Coal Centre - UK
  • Indonesia Power. PT
  • Kohat Cement Company Ltd. - Pakistan
  • Indonesian Coal Mining Association
  • Holcim Trading Pte Ltd - Singapore
  • BNP Paribas - Singapore
  • Thermax Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Maruti Cements - India
  • TNPL - India
  • Essar Steel Hazira Ltd - India
  • Qatrana Cement - Jordan
  • World Coal - UK
  • Coalindo Energy - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Coal and Oil Company - UAE
  • TNB Fuel Sdn Bhd - Malaysia
  • U S Energy Resources
  • Global Business Power Corporation, Philippines
  • Mechel - Russia
  • Thiess Contractors Indonesia
  • SMC Global Power, Philippines
  • Edison Trading Spa - Italy
  • WorleyParsons
  • Planning Commission, India
  • SRK Consulting
  • Baramulti Group, Indonesia
  • Total Coal South Africa
  • Mjunction Services Limited - India
  • Coastal Gujarat Power Limited - India
  • Berau Coal - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Cebu Energy, Philippines
  • Vizag Seaport Private Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Energy Development Corp, Philippines
  • Wilmar Investment Holdings
  • Simpson Spence & Young - Indonesia
  • Meralco Power Generation, Philippines
  • Geoservices-GeoAssay Lab
  • Cardiff University - UK
  • Global Coal Blending Company Limited - Australia
  • Coaltrans Conferences
  • Idemitsu - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Jaiprakash Power Ventures ltd
  • Siam City Cement - Thailand
  • Parry Sugars Refinery, India
  • HSBC - Hong Kong
  • CIMB Investment Bank - Malaysia
  • Sarangani Energy Corporation, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Pinang Coal Indonesia
  • Bank of America
  • Malco - India
  • Indian School of Mines
  • Romanian Commodities Exchange
  • Coeclerici Indonesia
  • VISA Power Limited - India
  • Pendopo Energi Batubara - Indonesia
  • India Bulls Power Limited - India
  • DBS Bank - Singapore
  • Panama Canal Authority
  • Coal Orbis AG
  • OCBC - Singapore
  • Dalmia Cement Bharat India
  • Gujarat Electricity Regulatory Commission - India
  • GB Group - China
  • GNFC Limited - India
  • ANZ Bank - Australia
  • Thailand Anthracite
  • Barasentosa Lestari - Indonesia
  • Thriveni
  • Lafarge - France
  • Russian Coal LLC
  • Freeport Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Merrill Lynch Commodities Europe
  • International Coal Ventures Pvt Ltd - India
  • Eastern Coal Council - USA
  • Marubeni Corporation - India
  • Iligan Light & Power Inc, Philippines
  • Indian Oil Corporation Limited
  • Neyveli Lignite Corporation Ltd, - India
  • Indorama - Singapore
  • Cosco
  • Orica Mining Services - Indonesia
  • Goldman Sachs - Singapore
  • Heidelberg Cement - Germany
  • Ernst & Young Pvt. Ltd.
  • Merrill Lynch Bank
  • Madhucon Powers Ltd - India
  • Ind-Barath Power Infra Limited - India
  • GMR Energy Limited - India
  • Mercator Lines Limited - India
  • Chamber of Mines of South Africa
  • AsiaOL BioFuels Corp., Philippines
  • Borneo Indobara - Indonesia
  • Tamil Nadu electricity Board
  • Gupta Coal India Ltd
  • EIA - United States
  • Rudhra Energy - India
  • Metalloyd Limited - United Kingdom
  • PowerSource Philippines DevCo
  • Platts
  • BRS Brokers - Singapore
  • Enel Italy
  • NALCO India
  • Central Java Power - Indonesia
  • Bangladesh Power Developement Board
  • Trasteel International SA, Italy
  • Barclays Capital - USA
  • KEPCO - South Korea
  • Shenhua Group - China
  • PNOC Exploration Corporation - Philippines
  • Carbofer General Trading SA - India
  • EMO - The Netherlands
  • Antam Resourcindo - Indonesia
  • ICICI Bank Limited - India
  • The University of Queensland
  • Malabar Cements Ltd - India
  • Glencore India Pvt. Ltd
  • Asia Cement - Taiwan
  • Bayan Resources Tbk. - Indonesia
  • Aditya Birla Group - India
  • Indo Tambangraya Megah - Indonesia
  • Sojitz Corporation - Japan
  • Bangkok Bank PCL
  • Argus Media - Singapore
  • Savvy Resources Ltd - HongKong
  • Australian Commodity Traders Exchange
  • Asian Development Bank
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Permata Bank - Indonesia
  • GHCL Limited - India
  • Ministry of Finance - Indonesia
  • South Luzon Thermal Energy Corporation
  • GVK Power & Infra Limited - India
  • Ministry of Transport, Egypt
  • Singapore Mercantile Exchange
  • Arutmin Indonesia
  • Oldendorff Carriers - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Leighton Contractors Pty Ltd - Australia
  • Altura Mining Limited, Indonesia
  • Jindal Steel & Power Ltd - India
  • New Zealand Coal & Carbon
  • Kalimantan Lumbung Energi - Indonesia
  • Deloitte Consulting - India
  • Noble Europe Ltd - UK
  • McKinsey & Co - India
  • KPMG - USA
  • Toyota Tsusho Corporation, Japan
  • J M Baxi & Co - India
  • Straits Asia Resources Limited - Singapore
  • Mintek Dendrill Indonesia
  • Power Finance Corporation Ltd., India
  • Intertek Mineral Services - Indonesia
  • Fearnleys - India
  • Bhatia International Limited - India
  • Runge Indonesia
  • Salva Resources Pvt Ltd - India
  • Anglo American - United Kingdom
  • Samtan Co., Ltd - South Korea
  • Timah Investasi Mineral - Indoneisa
  • Aboitiz Power Corporation - Philippines
  • Semirara Mining and Power Corporation, Philippines
  • SASOL - South Africa
  • Indogreen Group - Indonesia
  • Deutsche Bank - India
  • Interocean Group of Companies - India
  • TANGEDCO India
  • Peabody Energy - USA
  • Lanco Infratech Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Makarim & Taira - Indonesia
  • Japan Coal Energy Center
  • Karaikal Port Pvt Ltd - India
  • MS Steel International - UAE
  • Central Electricity Authority - India
  • Thai Mozambique Logistica
  • Uttam Galva Steels Limited - India
  • IOL Indonesia
  • Reliance Power - India
  • Mitra SK Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • Rashtriya Ispat Nigam Limited - India
  • CESC Limited - India
  • Sindya Power Generating Company Private Ltd
  • GAC Shipping (India) Pvt Ltd
  • ING Bank NV - Singapore
  • European Bulk Services B.V. - Netherlands
  • GN Power Mariveles Coal Plant, Philippines
  • Semirara Mining Corp, Philippines
  • TGV SRAAC LIMITED, India
  • Sucofindo - Indonesia
  • Banpu Public Company Limited - Thailand
  • Cargill India Pvt Ltd
  • bp singapore
  • SN Aboitiz Power Inc, Philippines
  • RBS Sempra - UK
  • CCIC - Indonesia
  • Surastha Cement
  • Core Mineral Indonesia
  • Energy Link Ltd, New Zealand
  • PTC India Limited - India
  • Videocon Industries ltd - India
  • McConnell Dowell - Australia
  • PLN Batubara - Indonesia
  • Economic Council, Georgia
  • Bukit Baiduri Energy - Indonesia
  • London Commodity Brokers - England
  • UOB Asia (HK) Ltd
  • Shree Cement - India
  • Commonwealth Bank - Australia
  • Ministry of Mines - Canada
  • San Jose City I Power Corp, Philippines
  • Attock Cement Pakistan Limited
  • Vedanta Resources Plc - India
  • Humpuss - Indonesia
  • Coal India Limited
  • Australian Coal Association
  • Credit Suisse - India
  • UBS Singapore
  • Bhoruka Overseas - Indonesia
  • Petron Corporation, Philippines
  • TeaM Sual Corporation - Philippines
  • Maybank - Singapore
  • Mitsui
  • globalCOAL - UK
  • Cement Manufacturers Association - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Grasim Industreis Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Gujarat Sidhee Cement - India
  • SUEK AG - Indonesia
  • Orica Australia Pty. Ltd.
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • PetroVietnam Power Coal Import and Supply Company
  • Moodys - Singapore
  • JPMorgan - India
  • Binh Thuan Hamico - Vietnam
  • Maharashtra Electricity Regulatory Commission - India
  • Sakthi Sugars Limited - India
  • IHS Mccloskey Coal Group - USA
  • Britmindo - Indonesia
  • Inco-Indonesia
  • KPCL - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • The Treasury - Australian Government
  • Gujarat Mineral Development Corp Ltd - India
  • Eastern Energy - Thailand
  • CoalTek, United States
  • Kobe Steel Ltd - Japan
  • Vitol - Bahrain
  • Adani Power Ltd - India
  • KOWEPO - South Korea
  • Tanito Harum - Indonesia
  • LBH Netherlands Bv - Netherlands
  • World Bank
  • APGENCO India
  • Tata Power - India
  • PetroVietnam
  • TRAFIGURA, South Korea
  • Xstrata Coal
  • Directorate Of Revenue Intelligence - India
  • Tata Chemicals Ltd - India
  • IMC Shipping - Singapore
  • Medco Energi Mining Internasional
  • Wood Mackenzie - Singapore
  • Kumho Petrochemical, South Korea
  • Mitsubishi Corporation
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sree Jayajothi Cements Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Larsen & Toubro Limited - India
  • Vale Mozambique
  • Kideco Jaya Agung - Indonesia
  • Price Waterhouse Coopers - Russia
  • IBC Asia (S) Pte Ltd
  • Petrosea - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Bank of China, Malaysia
  • Formosa Plastics Group - Taiwan
  • Star Paper Mills Limited - India
  • ETA - Dubai
  • Jatenergy - Australia
  • White Energy Company Limited
  • Clarksons - UK
  • NTPC Limited - India
  • Arch Coal - USA
  • Kaltim Prima Coal - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Xindia Steels Limited - India
  • Electricity Generating Authority of Thailand
  • Parliament of New Zealand
  • Renaissance Capital - South Africa
  • Sical Logistics Limited - India
  • Meenaskhi Energy Private Limited - India
  • Manunggal Multi Energi - Indonesia
  • JPower - Japan
  • Thomson Reuters GRC
  • MEC Coal - Indonesia
  • Adaro Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Ince & co LLP
  • Chettinad Cement Corporation Ltd - India
  • CNBM International Corporation - China
  • SMG Consultants - Indonesia
  • Indika Energy - Indonesia
  • Riau Bara Harum - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Independent Power Producers Association of India
  • Latin American Coal - Colombia
  • Samsung - South Korea