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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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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
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