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Tuesday, 15 December 20
NEWCASTLE PRICES RECOVER - FITCH
Fitch RatingsPrices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease lockdowns and suppliers cut production in 2H20, said Fitch Ratings in its latest report.

The spread between Chinese and seaborne coal prices remained high at over USD 40/tonne for the 5,500 kcal/kg  grade coal as of November, versus the average of USD 30/tonne in 2019, as Chinese buyers run out of import quota towards the year's end. 
 
Fitch further noted said, Australian thermal coal exports declined 6% qoq and 14% yoy in 3Q20 as shipments to China dropped 50% qoq and 52% yoy. The declines were partly offset by growth in shipments to India, up 250% qoq and 96% yoy, suggesting some of the cargoes heading to China were redirected.

Japan and South Korea have set the goal to achieve carbon neutrality by 2050, followed by China’s aim for 2060. Japan, in particular, clarified it is not considering building new nuclear power plants to achieve the goal, pointing to continued investments in renewable energy and weaker coal imports in the long run.


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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...


Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
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Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
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Wednesday, 30 December 20
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Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.   The index, released by China ...


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