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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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Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- PTC India Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
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