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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, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
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- Global Coal Blending Company Limited - Australia
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- Bhatia International Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Ministry of Mines - Canada
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- The Treasury - Australian Government
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- Karbindo Abesyapradhi - Indoneisa
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- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
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- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
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- SMC Global Power, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
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- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
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- Sakthi Sugars Limited - India
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- Samtan Co., Ltd - South Korea
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- Medco Energi Mining Internasional
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- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
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- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
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- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
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- Ministry of Transport, Egypt
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- Semirara Mining and Power Corporation, Philippines
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- Bhoruka Overseas - Indonesia
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- Ministry of Finance - Indonesia
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- Price Waterhouse Coopers - Russia
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- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Planning Commission, India
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- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
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- Timah Investasi Mineral - Indoneisa
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- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
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- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
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- Romanian Commodities Exchange
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- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
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