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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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Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soare ...
Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
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- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
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- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
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- Latin American Coal - Colombia
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- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- VISA Power Limited - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- The University of Queensland
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- Petron Corporation, Philippines
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- Indonesian Coal Mining Association
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- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
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- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
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- IHS Mccloskey Coal Group - USA
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- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
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