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Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March
APAC thermal coal has resumed its price surge since March this year. The benchmark Newcastle 6,000kcal/kg grade coal increased by 52% in the past four months to USD136/tonne by end-June, Fitch Ratings said in its latest APAC Thermal Coal Watch report.
The high prices are largely supported by tight supply in China against the backdrop of a global commodities bull market, while 1Q21 import volume from major Asian importing countries remained slightly lower than 2019 and 2020 levels.
Supply Shortage in China
APAC Thermal Coal Watch report noted that, China’s benchmark Qinhuangdao 5,500kcal/kg coal price made a drastic return to nearly CNY1,000/tonne by end-June, after a correction to CNY566/tonne at end February. The 6M21 average price reached CNY792/tonne. China’s power generation in 5M21 rose by14.9% yoy, which translated to a solid average annual growth of 6.9% from 5M19. Meanwhile, supply remains subdued due to limited new capacity in 5M21 and safety and environmental speculations from local governments.
Inventories at power plants and coal mines are at relatively low levels, further exposing prices to strong volatility.
More Production Expected in 2H21
APAC Thermal Coal Watch report also noted, China’s National Development and Reform Commission (NDRC) expects coal prices to enter a downward trend from July, according to a recent interview of a NDRC official by state-owned Xinhua News Agency. The NDRC official revealed that more supply was arranged, including resumed production from previously suspended capacity and larger approved quota for some operational mines. China’s coal production edged up by 1.3% in May from April but was still 7.3% below the high level in December last year.
Indonesian Coal Price Improves
According to APAC Thermal Coal Watch report of Fitch Ratings, the Indonesian 4,200kcal index has also increased to over USD50/tonne since May this year reflecting strong Chinese import demand and the soft cap on Australian coal. However, Fitch expects prices to taper off througout the rest of the year following improving Chinese production and easing demand. The1Q21 performance has improved significantly for Indonesian miners and mining contractors.
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Friday, 09 July 21
CAN WE EXPECT AFFORDABLE POWER SUPPLY BY REPLACING COAL BASED POWER WITH LNG? - FINANCIAL EXPRESS
Bangladesh government’s recent decision to cancel the contracts for 10 coal fired power plants in late June 2021 has invited interest in the ...
Thursday, 08 July 21
STRONGEST HALF YEAR FOR SHIPPING MARKETS SINCE 2008 - CLARKSONS
A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional ind ...
Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.
The Indonesia coal price referenc ...
Tuesday, 06 July 21
INDONESIAN COAL EXPORTS FELL BY 37% YOY IN 1Q21 DUE TO ADVERSE WEATHER CONDITIONS - FITCH RATINGS
Chinese coal imports declined by 25% yoy in 5M21as a result of both restrictions on Australian coal and the high base in 2020. Import volume in Jan ...
Thursday, 01 July 21
WHY INDIA’S SOLAR POWER TARIFFS ARE CLIMBING AFTER HITTING RECORD LOWS LAST YEAR - IEEFA
What’s behind the recent increase?
Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2 ...
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- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
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