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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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Tuesday, 23 March 21
LOWER WHOLESALE PRICES PUT PRESSURE ON AUSTRALIAN ENERGY RETAILERS - FITCH RATINGS
Fitch Ratings expects the low wholesale energy prices in the Australian National Energy Market to persist through to 2022, which will affect electr ...
Tuesday, 23 March 21
SCRUBBER-FITTED SHIPS NEARLY DOUBLE AS FUEL SPREAD SETTLES AT $118 PER MT - PETER SAND
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be c ...
Tuesday, 23 March 21
CHINA'S COAL OUTPUT EDGES UP IN FIRST TWO MONTHS - XINHUA
China’s raw coal output rose 25 percent year on year to 620 million tonnes in the first two months of 2021, official data showed.
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Wednesday, 17 March 21
MARKET INSIGHT - INTERMODAL
Shipping market players are familiar with the inverse correlation between the freight market and demolition activity i.e. when the market picks up ...
Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
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- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- The University of Queensland
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
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