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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, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
Tuesday, 01 June 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.02 PCT - XINHUA
China Taiyuan coal transaction price index stood at 160.06 points Monday, down 0.02 percent week on week.
The index, released by Chi ...
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- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- CNBM International Corporation - China
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
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