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Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand fuelled coal buying.
The European API2 coal futures contract for 2022 was 6.7% higher at $179.25 a tonne by 1427 GMT, the highest level since 2008.
The continued rally in European natural gas prices has incentivised more coal-fired power generation in Europe which is helping to drive up prices, analysts said.
European benchmark natural gas prices at the Dutch TTF hub are at all-time highs and some contracts are nearing 100 euros ($116.28) per megawatt hour.
“Looking at the European fuel complex, gas has for some time now lost its competitive advantage over coal in the fuel switch. As a consequence, coal use has significantly gone up in northwest Europe,” said Swedish energy consultancy ELS Analysis.
Physical thermal coal prices are also at all-time highs. Australian coal cargoes for delivery from the Newcastle terminal in November settled at $230.05 on Friday.
In the European physical thermal coal market, cargoes into Amsterdam, Rotterdam and Antwerp (ARA) in November also settled at a record high of $238.50 a tonne on Friday.
A cold winter in Asia, followed by a hot summer and stronger economic growth, has also caused Chinese demand to increase significantly, analysts at Commerzbank said.
Source: Reuters
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Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
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- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
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