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Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the country’s spot market have touched a new high this week from the combination of continued tight coal supplies and roaring energy demand.
As of January 19, Mysteel’s price assessment for 5,500 kcal/kg Shanxi blend thermal coal had soared by another Yuan 110/tonne ($17/t) on week to $1,045/t at Qinhuangdao port in North China’s Hebei province, the highest since Mysteel launched the data series in December 2008. The price increase had accelerated since last month when cold waves started to hit the country.
Over 80% of steaming coal demand from Chinese end-users is supplied under medium- or long-term contracts and currently priced at around Yuan 540-550/t. The balance is sourced via the spot market, Mysteel Global understands.
“I never expected that spot coal prices would rise above the Yuan 1,000/t level,” commented a trader in Shanghai.
Although electricity demand for household use has eased slightly of late as daytime temperatures have warmed, the country is still stuck in a tough period for coal supply that may last until the end of January, commented an industry source in North China.
“There are many vessels at ports in Bohai Bay in North China awaiting coal loading. They will need to wait for one or two more weeks before they can depart to eastern or southern China, as now the port stocks are low,” he explained. Ports in Bohai, including Jingtang, Qinhuangdao and Huanghua in North China, are China’s core conduit for coal transhipment from coal mining regions in North and Northwest China to end-users in East and South China, Mysteel Global noted.
The resurgence of the COVID-19 pandemic in North China’s Hebei close to Bohai Bay is posing another challenge for steady coal supply. Local coal deliveries have been affected by virus containment measures including truck transportation regulations, he noted, adding that the spot coal price will likely keep climbing to above Yuan 1,100/t.
For example, Yulin city in Northwest China – a key region for thermal coal mining in the country – has ordered all truck drivers to provide negative results for COVID-19 tests taken within three days of the trucks arriving in the city for coal loading. Also, truck drivers from regions regarded by the authorities as high- and medium-risk areas for the pandemic must undergo a 14-day quarantine period, according to a government release on January 18.
As of 0:00 January 19, four regions had been temporarily identified as being at high risk from the pandemic, among which are Shijiazhuang city and Xingtai city in Hebei province. The number of medium-risk areas totalled 60 as of Tuesday, among which 36 are in Hebei, according to official information.
Meanwhile, the low temperatures in North China have also adversely impacted coal unloading from rail wagons to ports, said a Shanghai-based market watcher. “The whole logistics cycle for coal transportation – via wagons to ports, unloading and then wagons returning to mining regions to be loaded again – has been extended,” he said. “Due to the low temperatures, coal readily freezes to the wagons so these days additional manual force is needed to remove all coal from trains,” he explained.
Central and local government authorities have noted the sustained supply tightness of coal and have been adopting measures to secure the country’s energy supply, Mysteel Global notes.
For example, China’s National Development and Reform Committee (NDRC) noted in a conference on January 13 that domestic coal miners and gas field workers must be encouraged to work to the fullest extent possible without jeopardising safety. Also, the country’s electricity generators are to be prepared for high power-consumption loads, according to an NDRC release on January 15.
China’s Customs has also shortened the clearance period for imported coal to ease domestic supply pressure. During last December alone, the country’s thermal coal imports surged by 27.3 million tonnes on month to 39.1 million tonnes, according to the Customs data, making for the fastest on-month increase on record. Domestic bookings for thermal coal from Indonesia, China’s largest source of steaming coal imports, remained firm in January, while the country’s Australian coal procurement remained in a lull, Mysteel Global understands.
Source: Mysteel
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Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
Tuesday, 25 May 21
KOREA SOUTHERN POWER INVITED BIDS FOR 870,000 MT OF MIN 5300 NCV COAL FOR 2021 TO 2023.
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 870,000 MT of Min 5,300 kcal/kg NCV coal for Augu ...
Tuesday, 25 May 21
CHINA’S COAL OUTPUT RISES IN FIRST FOUR MONTHS - XINHUA
China’s raw coal output rose 11.1 percent year on year to 1.29 billion tonnes in the first four months of 2021, official data showed.
&nb ...
Tuesday, 25 May 21
MARINE SHIPPERS BULK UP: ANOTHER GAME OF CHICKEN IN THE WORKS? - THE KOREA TIMES
Global shipping companies have been placing orders for large ships, with many anticipating further increased competition within the next three year ...
Friday, 21 May 21
MARKET INSIGHT - INTERMODAL
The dry bulk market’s counter seasonal surge so far into the first half of the year -in a sort of 2010 manner - and Capesize’s recent r ...
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- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
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