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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, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
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Deloitte Consulting - India
India Bulls Power Limited - India
Rashtriya Ispat Nigam Limited - India
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Indian Energy Exchange, India
CIMB Investment Bank - Malaysia
Africa Commodities Group - South Africa
New Zealand Coal & Carbon
Australian Coal Association
The State Trading Corporation of India Ltd
Antam Resourcindo - Indonesia
Anglo American - United Kingdom
Sindya Power Generating Company Private Ltd
CNBM International Corporation - China
Singapore Mercantile Exchange
Manunggal Multi Energi - Indonesia
IEA Clean Coal Centre - UK
Gujarat Sidhee Cement - India
Altura Mining Limited, Indonesia
European Bulk Services B.V. - Netherlands
Bhatia International Limited - India
Mercuria Energy - Indonesia
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Essar Steel Hazira Ltd - India
Metalloyd Limited - United Kingdom
Iligan Light & Power Inc, Philippines
Timah Investasi Mineral - Indoneisa
Samtan Co., Ltd - South Korea
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Semirara Mining and Power Corporation, Philippines
Indian Oil Corporation Limited
Mjunction Services Limited - India
Truba Alam Manunggal Engineering.Tbk - Indonesia
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Orica Australia Pty. Ltd.
Bhoruka Overseas - Indonesia
Edison Trading Spa - Italy
Gujarat Electricity Regulatory Commission - India
Mercator Lines Limited - India
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Aditya Birla Group - India
Independent Power Producers Association of India
Indonesian Coal Mining Association
Pipit Mutiara Jaya. PT, Indonesia
Electricity Authority, New Zealand
TNB Fuel Sdn Bhd - Malaysia
Baramulti Group, Indonesia
Kartika Selabumi Mining - Indonesia
ASAPP Information Group - India
GAC Shipping (India) Pvt Ltd
Vizag Seaport Private Limited - India
Indogreen Group - Indonesia
Jorong Barutama Greston.PT - Indonesia
San Jose City I Power Corp, Philippines
Parliament of New Zealand
Neyveli Lignite Corporation Ltd, - India
Formosa Plastics Group - Taiwan
Directorate General of MIneral and Coal - Indonesia
Sakthi Sugars Limited - India
MS Steel International - UAE
Toyota Tsusho Corporation, Japan
Malabar Cements Ltd - India
PNOC Exploration Corporation - Philippines
Ind-Barath Power Infra Limited - India
Therma Luzon, Inc, Philippines
PetroVietnam Power Coal Import and Supply Company
SMC Global Power, Philippines
Posco Energy - South Korea
Cement Manufacturers Association - India
Sarangani Energy Corporation, Philippines
Petrochimia International Co. Ltd.- Taiwan
Tamil Nadu electricity Board
Offshore Bulk Terminal Pte Ltd, Singapore
Agrawal Coal Company - India
Eastern Coal Council - USA
Planning Commission, India
Bayan Resources Tbk. - Indonesia
VISA Power Limited - India
Goldman Sachs - Singapore
Intertek Mineral Services - Indonesia
TeaM Sual Corporation - Philippines
Ministry of Transport, Egypt
Binh Thuan Hamico - Vietnam
Billiton Holdings Pty Ltd - Australia
Sojitz Corporation - Japan
Dong Bac Coal Mineral Investment Coporation - Vietnam
Leighton Contractors Pty Ltd - Australia
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White Energy Company Limited
Pendopo Energi Batubara - Indonesia
Makarim & Taira - Indonesia
Economic Council, Georgia
Asmin Koalindo Tuhup - Indonesia
McConnell Dowell - Australia
Trasteel International SA, Italy
Chamber of Mines of South Africa
Thai Mozambique Logistica
Energy Link Ltd, New Zealand
Banpu Public Company Limited - Thailand
Lanco Infratech Ltd - India
Siam City Cement PLC, Thailand
Coastal Gujarat Power Limited - India
Xindia Steels Limited - India
Indika Energy - Indonesia
PTC India Limited - India
Oldendorff Carriers - Singapore
Heidelberg Cement - Germany
Bukit Asam (Persero) Tbk - Indonesia
Karbindo Abesyapradhi - Indoneisa
Marubeni Corporation - India
OPG Power Generation Pvt Ltd - India
Aboitiz Power Corporation - Philippines
Salva Resources Pvt Ltd - India
Bangladesh Power Developement Board
ICICI Bank Limited - India
Rio Tinto Coal - Australia
Savvy Resources Ltd - HongKong
Dalmia Cement Bharat India
London Commodity Brokers - England
Alfred C Toepfer International GmbH - Germany
Power Finance Corporation Ltd., India
Standard Chartered Bank - UAE
GVK Power & Infra Limited - India
Commonwealth Bank - Australia
Videocon Industries ltd - India
Renaissance Capital - South Africa
Miang Besar Coal Terminal - Indonesia
Carbofer General Trading SA - India
Price Waterhouse Coopers - Russia
GMR Energy Limited - India
AsiaOL BioFuels Corp., Philippines
Coal and Oil Company - UAE
Global Business Power Corporation, Philippines
Orica Mining Services - Indonesia
Parry Sugars Refinery, India
Global Green Power PLC Corporation, Philippines
SN Aboitiz Power Inc, Philippines
Sree Jayajothi Cements Limited - India
Simpson Spence & Young - Indonesia
Australian Commodity Traders Exchange
Eastern Energy - Thailand
Interocean Group of Companies - India
Larsen & Toubro Limited - India
Meralco Power Generation, Philippines
Riau Bara Harum - Indonesia
Uttam Galva Steels Limited - India
Global Coal Blending Company Limited - Australia
Maheswari Brothers Coal Limited - India
Medco Energi Mining Internasional
Directorate Of Revenue Intelligence - India
The University of Queensland
GN Power Mariveles Coal Plant, Philippines
Madhucon Powers Ltd - India
Bukit Baiduri Energy - Indonesia
Petron Corporation, Philippines
Gujarat Mineral Development Corp Ltd - India
Bharathi Cement Corporation - India
Kumho Petrochemical, South Korea
Kobexindo Tractors - Indoneisa
Wilmar Investment Holdings
South Luzon Thermal Energy Corporation
Semirara Mining Corp, Philippines
Tata Chemicals Ltd - India
Sinarmas Energy and Mining - Indonesia
Jindal Steel & Power Ltd - India
Merrill Lynch Commodities Europe
Asia Pacific Energy Resources Ventures Inc, Philippines
Bank of Tokyo Mitsubishi UFJ Ltd
Holcim Trading Pte Ltd - Singapore
Wood Mackenzie - Singapore
Georgia Ports Authority, United States
Star Paper Mills Limited - India
Jaiprakash Power Ventures ltd
Ceylon Electricity Board - Sri Lanka
Minerals Council of Australia
Bukit Makmur.PT - Indonesia
Thiess Contractors Indonesia
Attock Cement Pakistan Limited
Sical Logistics Limited - India
Krishnapatnam Port Company Ltd. - India
Karaikal Port Pvt Ltd - India
Siam City Cement - Thailand
Central Electricity Authority - India
Globalindo Alam Lestari - Indonesia
Kohat Cement Company Ltd. - Pakistan
Mintek Dendrill Indonesia
Borneo Indobara - Indonesia
SMG Consultants - Indonesia
IHS Mccloskey Coal Group - USA
Vijayanagar Sugar Pvt Ltd - India
Ambuja Cements Ltd - India
LBH Netherlands Bv - Netherlands
Coalindo Energy - Indonesia
Bahari Cakrawala Sebuku - Indonesia
Meenaskhi Energy Private Limited - India
Dr Ramakrishna Prasad Power Pvt Ltd - India
Port Waratah Coal Services - Australia
International Coal Ventures Pvt Ltd - India
Kapuas Tunggal Persada - Indonesia
Indo Tambangraya Megah - Indonesia
Central Java Power - Indonesia
Kaltim Prima Coal - Indonesia
Latin American Coal - Colombia
Energy Development Corp, Philippines
Kepco SPC Power Corporation, Philippines
PowerSource Philippines DevCo
Vedanta Resources Plc - India
Chettinad Cement Corporation Ltd - India
Bulk Trading Sa - Switzerland
Ministry of Mines - Canada
Romanian Commodities Exchange
Bhushan Steel Limited - India
Kideco Jaya Agung - Indonesia
Cigading International Bulk Terminal - Indonesia