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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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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 ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- PTC India Limited - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
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