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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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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
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