COALspot.com keeps you connected across the coal world
  • OCTOBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 161.63 A TON
  • OCTOBER 2021 HBA FOR EXPORTS INCREASED BY $11.60 MOM, $85.79 YTM AND $110.63 YOY

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Sunday, 11 July 21
ROBUST CHINA COAL DEMAND AMID AUSTRALIA IMPORT BAN FUELS PRICE RALLY - REUTERS
Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG), but enjoying strong gains amid rising demand.
 
Both thermal coal, used in power plants, and coking coal, used to make steel, have rallied strongly in recent months. And in both cases the driver has largely been China, the world’s biggest producer, importer and consumer of the fuel.
 
There are two elements to China’s influence on seaborne coal markets in Asia; robust demand as the Chinese economy rebounds from the coronavirus pandemic; and Beijing’s policy choice to ban imports from Australia.
 
Both elements are reflected in the prices, with lower-quality thermal coal from Indonesia being the biggest beneficiary.
 
The weekly index for Indonesian coal with an energy value of 4,200 kilocalories per kilogram (kcal/kg), as assessed by commodity price reporting agency Argus, has surged nearly three-quarters from its 2021 low of $36.81 a tonne to $63.98 in the week to July 2.
 
There is a demand-pull element helping to boost prices of Indonesian coal, with data from commodity analysts Kpler showing China imported 18.36 million tonnes from the world’s largest shipper of thermal coal in June.
 
This was the second-biggest monthly volume China has imported from Indonesia according to Kpler records going back to January 2017, eclipsed only by last December’s 25.64 million tonnes.
 
Refinitiv, which like Kpler tracks vessel movements, has China’s imports from Indonesia somewhat lower in June at 14.96 million tonnes. But the two services agree that this was the second-highest month on record, with Refinitiv data going back to January 2015.
 
Both agree that China’s imports from Australia have dwindled to near zero from levels around 7-8 million tonnes per month that prevailed up until Beijing’s unofficial ban was imposed in the middle of last year.
 
China’s total coal imports from all countries in June were 31.55 million tonnes, according to Kpler, and 25.21 million according to Refinitiv.
 
AUSTRALIA REBOUND
 
But while Australia, the second-biggest exporter of thermal coal and the biggest of coking coal, may have lost the China market, it has been able to find alternatives and the price of its coals have also been rising strongly.
 
Benchmark high-grade thermal coal with an energy value of 6,000 kcal/kg at the port of Newcastle ended last week at $135.63 a tonne, the highest in 10 years, and up by more than half in just the past two months.
 
This grade of coal is mainly bought by Japan, South Korea and Taiwan, which rank behind China and India as Asia’s top importers of coal.
 
Those three countries imported 14.77 million tonnes of all types of coal from Australia in June, according to Kpler, down from May’s 17.05 million, but up strongly from 12.46 million in June 2020.
 
But the real saviour for Australian coal has been India, which imported a record 7.52 million tonnes of all grades in June, up from 6.61 million in May and just 2.04 million in June 2020.
 
India tends to buy intermediate grade thermal coal from Australia, which sells at a substantial discount to the 6,000 kcal/kg fuel.
 
Argus assessed 5,500 kcal/kg coal at Newcastle at $78.29 a tonne on July 2. While this grade has doubled from its 2020 lows, it is still some 42% cheaper than the higher-quality fuel popular with North Asian buyers.
 
Australia’s coal export volumes have largely recovered from the initial hit caused by the China ban and the loss of demand from the coronavirus pandemic. Kpler assessed June shipments at 31.37 million tonnes of all grades, up from 28.74 million in May and the 27.13 million from November, which was the weakest month in 2020.
 
Overall, it’s clear China’s stamp is all over the current rally in coal prices: its strong demand is boosting Indonesian coal, and its ban on imports from Australia is forcing a re-alignment of trade flows in Asia.
Source: Reuters


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.    According ...


Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...


Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.   Mos ...


Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...


Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6427
News by Category
Popular News
 
Total Members : 27,597
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • DBS Bank - Singapore
  • Peabody Energy - USA
  • Petron Corporation, Philippines
  • Indo Tambangraya Megah - Indonesia
  • Makarim & Taira - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Tamil Nadu electricity Board
  • Coaltrans Conferences
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Central Electricity Authority - India
  • Kepco SPC Power Corporation, Philippines
  • Deutsche Bank - India
  • Edison Trading Spa - Italy
  • Cemex - Philippines
  • Rudhra Energy - India
  • Ministry of Mines - Canada
  • Mjunction Services Limited - India
  • Chamber of Mines of South Africa
  • Attock Cement Pakistan Limited
  • Energy Link Ltd, New Zealand
  • RBS Sempra - UK
  • Thriveni
  • GHCL Limited - India
  • Intertek Mineral Services - Indonesia
  • Noble Europe Ltd - UK
  • Inco-Indonesia
  • Cosco
  • Bhushan Steel Limited - India
  • Iligan Light & Power Inc, Philippines
  • APGENCO India
  • Savvy Resources Ltd - HongKong
  • Thailand Anthracite
  • Maheswari Brothers Coal Limited - India
  • Cement Manufacturers Association - India
  • Malco - India
  • Shenhua Group - China
  • Asian Development Bank
  • Aditya Birla Group - India
  • Larsen & Toubro Limited - India
  • McConnell Dowell - Australia
  • Indonesia Power. PT
  • Bukit Asam (Persero) Tbk - Indonesia
  • BRS Brokers - Singapore
  • Sindya Power Generating Company Private Ltd
  • ANZ Bank - Australia
  • TANGEDCO India
  • Mechel - Russia
  • Thomson Reuters GRC
  • Mitsubishi Corporation
  • Orica Australia Pty. Ltd.
  • Formosa Plastics Group - Taiwan
  • Mitsui
  • Cebu Energy, Philippines
  • Cardiff University - UK
  • Salva Resources Pvt Ltd - India
  • SMG Consultants - Indonesia
  • South Luzon Thermal Energy Corporation
  • Vitol - Bahrain
  • Straits Asia Resources Limited - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Orica Mining Services - Indonesia
  • Lafarge - France
  • Maybank - Singapore
  • Pinang Coal Indonesia
  • JPower - Japan
  • Jatenergy - Australia
  • Bangkok Bank PCL
  • Samtan Co., Ltd - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • Wilmar Investment Holdings
  • Kideco Jaya Agung - Indonesia
  • Vale Mozambique
  • Africa Commodities Group - South Africa
  • Bukit Baiduri Energy - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • U S Energy Resources
  • Coastal Gujarat Power Limited - India
  • GB Group - China
  • Mintek Dendrill Indonesia
  • Banpu Public Company Limited - Thailand
  • Sree Jayajothi Cements Limited - India
  • Ministry of Finance - Indonesia
  • Posco Energy - South Korea
  • Medco Energi Mining Internasional
  • Vijayanagar Sugar Pvt Ltd - India
  • KOWEPO - South Korea
  • Indonesian Coal Mining Association
  • Renaissance Capital - South Africa
  • Sarangani Energy Corporation, Philippines
  • Antam Resourcindo - Indonesia
  • Therma Luzon, Inc, Philippines
  • Japan Coal Energy Center
  • Idemitsu - Japan
  • Gujarat Electricity Regulatory Commission - India
  • Sojitz Corporation - Japan
  • Thiess Contractors Indonesia
  • Mercator Lines Limited - India
  • Directorate Of Revenue Intelligence - India
  • Neyveli Lignite Corporation Ltd, - India
  • Karaikal Port Pvt Ltd - India
  • Singapore Mercantile Exchange
  • Moodys - Singapore
  • Commonwealth Bank - Australia
  • International Coal Ventures Pvt Ltd - India
  • Eastern Coal Council - USA
  • Binh Thuan Hamico - Vietnam
  • MEC Coal - Indonesia
  • PNOC Exploration Corporation - Philippines
  • PTC India Limited - India
  • Grasim Industreis Ltd - India
  • Lanco Infratech Ltd - India
  • Arutmin Indonesia
  • Surastha Cement
  • European Bulk Services B.V. - Netherlands
  • Coal and Oil Company - UAE
  • Petrochimia International Co. Ltd.- Taiwan
  • Directorate General of MIneral and Coal - Indonesia
  • Core Mineral Indonesia
  • SN Aboitiz Power Inc, Philippines
  • CIMB Investment Bank - Malaysia
  • CNBM International Corporation - China
  • Mitra SK Pvt Ltd - India
  • Inspectorate - India
  • Fearnleys - India
  • GAC Shipping (India) Pvt Ltd
  • Sucofindo - Indonesia
  • Maruti Cements - India
  • Coeclerici Indonesia
  • Merrill Lynch Commodities Europe
  • Berau Coal - Indonesia
  • Tata Chemicals Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • Interocean Group of Companies - India
  • Eastern Energy - Thailand
  • Kaltim Prima Coal - Indonesia
  • KEPCO - South Korea
  • World Bank
  • Infraline Energy - India
  • London Commodity Brokers - England
  • Marubeni Corporation - India
  • Vizag Seaport Private Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • CESC Limited - India
  • Adaro Indonesia
  • CCIC - Indonesia
  • IOL Indonesia
  • SUEK AG - Indonesia
  • Kumho Petrochemical, South Korea
  • Cigading International Bulk Terminal - Indonesia
  • Ministry of Transport, Egypt
  • Electricity Authority, New Zealand
  • Thai Mozambique Logistica
  • HSBC - Hong Kong
  • Energy Development Corp, Philippines
  • CoalTek, United States
  • Bank of China, Malaysia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Maersk Broker
  • Carbofer General Trading SA - India
  • WorleyParsons
  • Electricity Generating Authority of Thailand
  • Barclays Capital - USA
  • Borneo Indobara - Indonesia
  • Indorama - Singapore
  • Bangladesh Power Developement Board
  • Barasentosa Lestari - Indonesia
  • SRK Consulting
  • Indian Energy Exchange, India
  • Heidelberg Cement - Germany
  • Global Business Power Corporation, Philippines
  • Cargill India Pvt Ltd
  • IHS Mccloskey Coal Group - USA
  • LBH Netherlands Bv - Netherlands
  • Latin American Coal - Colombia
  • Clarksons - UK
  • TRAFIGURA, South Korea
  • Semirara Mining Corp, Philippines
  • Port Waratah Coal Services - Australia
  • Georgia Ports Authority, United States
  • Britmindo - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • bp singapore
  • Ince & co LLP
  • Holcim Trading Pte Ltd - Singapore
  • SMC Global Power, Philippines
  • Geoservices-GeoAssay Lab
  • Parliament of New Zealand
  • Planning Commission, India
  • Coal India Limited
  • Bhoruka Overseas - Indonesia
  • globalCOAL - UK
  • Freeport Indonesia
  • Meenaskhi Energy Private Limited - India
  • Gujarat Sidhee Cement - India
  • Jindal Steel & Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Pendopo Energi Batubara - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • ETA - Dubai
  • Sakthi Sugars Limited - India
  • Madhucon Powers Ltd - India
  • Russian Coal LLC
  • Indika Energy - Indonesia
  • EIA - United States
  • TeaM Sual Corporation - Philippines
  • ICICI Bank Limited - India
  • Ambuja Cements Ltd - India
  • Bulk Trading Sa - Switzerland
  • Parry Sugars Refinery, India
  • Bharathi Cement Corporation - India
  • Enel Italy
  • Romanian Commodities Exchange
  • Jaiprakash Power Ventures ltd
  • Australian Coal Association
  • Deloitte Consulting - India
  • Alfred C Toepfer International GmbH - Germany
  • Global Coal Blending Company Limited - Australia
  • NALCO India
  • Kobexindo Tractors - Indoneisa
  • Sical Logistics Limited - India
  • NTPC Limited - India
  • Agrawal Coal Company - India
  • Petrosea - Indonesia
  • Mercuria Energy - Indonesia
  • PetroVietnam
  • Ind-Barath Power Infra Limited - India
  • Trasteel International SA, Italy
  • Humpuss - Indonesia
  • Runge Indonesia
  • UOB Asia (HK) Ltd
  • Vedanta Resources Plc - India
  • Kobe Steel Ltd - Japan
  • Baramulti Group, Indonesia
  • Argus Media - Singapore
  • Asia Cement - Taiwan
  • Permata Bank - Indonesia
  • Gupta Coal India Ltd
  • GMR Energy Limited - India
  • PLN Batubara - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Toyota Tsusho Corporation, Japan
  • Indogreen Group - Indonesia
  • Total Coal South Africa
  • Coalindo Energy - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Aboitiz Power Corporation - Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • SASOL - South Africa
  • Central Java Power - Indonesia
  • Metalloyd Limited - United Kingdom
  • Merrill Lynch Bank
  • PowerSource Philippines DevCo
  • GVK Power & Infra Limited - India
  • Independent Power Producers Association of India
  • Riau Bara Harum - Indonesia
  • Samsung - South Korea
  • KPCL - India
  • EMO - The Netherlands
  • Karbindo Abesyapradhi - Indoneisa
  • Tata Power - India
  • Bank of America
  • VISA Power Limited - India
  • Oldendorff Carriers - Singapore
  • Xstrata Coal
  • ASAPP Information Group - India
  • Xindia Steels Limited - India
  • Shree Cement - India
  • BNP Paribas - Singapore
  • Videocon Industries ltd - India
  • Economic Council, Georgia
  • ING Bank NV - Singapore
  • TNPL - India
  • Kartika Selabumi Mining - Indonesia
  • The Treasury - Australian Government
  • India Bulls Power Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Power Finance Corporation Ltd., India
  • Siam City Cement - Thailand
  • Meralco Power Generation, Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Star Paper Mills Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • GNFC Limited - India
  • Simpson Spence & Young - Indonesia
  • MS Steel International - UAE
  • Coal Orbis AG
  • Global Green Power PLC Corporation, Philippines
  • Thermax Limited - India
  • Dalmia Cement Bharat India
  • World Coal - UK
  • Arch Coal - USA
  • The State Trading Corporation of India Ltd
  • Jorong Barutama Greston.PT - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Wood Mackenzie - Singapore
  • Malabar Cements Ltd - India
  • Reliance Power - India
  • Rio Tinto Coal - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • Glencore India Pvt. Ltd
  • ACC Limited - India
  • Qatrana Cement - Jordan
  • Minerals Council of Australia
  • Uttam Galva Steels Limited - India
  • IMC Shipping - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Panama Canal Authority
  • Anglo American - United Kingdom
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Indian School of Mines
  • KPMG - USA
  • Essar Steel Hazira Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Bhatia International Limited - India
  • IEA Clean Coal Centre - UK
  • San Jose City I Power Corp, Philippines
  • Altura Mining Limited, Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • New Zealand Coal & Carbon
  • Platts
  • Timah Investasi Mineral - Indoneisa
  • J M Baxi & Co - India
  • IBC Asia (S) Pte Ltd
  • UBS Singapore
  • Indian Oil Corporation Limited
  • Standard Chartered Bank - UAE
  • OCBC - Singapore
  • The University of Queensland
  • Manunggal Multi Energi - Indonesia
  • Credit Suisse - India
  • Chettinad Cement Corporation Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Platou - Singapore
  • Goldman Sachs - Singapore
  • The India Cements Ltd
  • TGV SRAAC LIMITED, India
  • Miang Besar Coal Terminal - Indonesia
  • JPMorgan - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • SGS (Thailand) Limited
  • White Energy Company Limited
  • Gresik Semen - Indonesia
  • Adani Power Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Australian Commodity Traders Exchange
  • McKinsey & Co - India
  • PLN - Indonesia
  • Siam City Cement PLC, Thailand
  • Tanito Harum - Indonesia