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Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by concerns over tight domestic supply and demand rebounding after the Lunar New Year holidays.
The most-active thermal coal futures on the Zhengzhou Commodity Exchange closed up 10% at 876.8 yuan ($137.81) a tonne on Tuesday, a level last seen on Oct. 29. The contract gained 5% on Monday.
Dalian coking coal jumped 7.6% on Tuesday.
Total coal inventory at major Chinese ports was at 46.88 million tonnes – the lowest in a year – before the holidays started on Jan. 31, data compiled by the China Coal Transportation and Distribution Association showed.
The association has not published the latest data, but traders and analysts said coal inflows from miners to ports were low in the past week due to slow operation and logistics during the holiday break.
As the central government urged the state-owned coal mines to prioritise supply to power plants to avoid another widespread electricity outage, industrial customers grappled with a shortage of coal.
“The futures market is essentially just reflecting the very tight conditions in the physical market. Spot cargoes are very difficult to obtain as most coal production is delivering into longer term contracts,” said Rystad Energy analyst Steve Hulton.
The benchmark spot price of 5,500 kcal thermal coal in northern Chinese ports reached 1,050 yuan a tonne, closing to the unofficial price cap of 1,100 yuan a tonne.
Market participants expect daily coal consumption to pick up as more industrial users are resuming operations after the holiday and cold weather in southern China would boost power demand.
China’s National Meteorological Centre on Tuesday said temperatures in most Chinese regions will be 1-3 degrees Celsius lower than the historical average levels in the next 11-20 days.
But analysts and traders expect the rally of coal prices to be a short-term problem as more coal mines will reopen from the holiday break.
Dennis Ip, head of China energy research at Daiwa Capital Markets, expects spot coal prices to drop to a level below 1,000 yuan a tonne in late-February to March, and then gradually to fall back to 600-700 yuan a tonne level over the second quarter.
Source: Reuters
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Wednesday, 02 February 22
MARKET INSIGHT - INTERMODAL
Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently. November 2014 was the point when OPEC unleashed pr ...
Monday, 31 January 22
HOW INDONESIA'S COAL EXPORT BAN COULD IMPACT INDIA - IEEFA
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic co ...
Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
In ...
Sunday, 30 January 22
ENDGAME FOR NEW COAL POWER PROJECTS? - IEEFA INDIA
Retired coal units must be replaced only by assets that can provide grid flexibility
Reportedly, an expert committee appointed by th ...
Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
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- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
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- Mjunction Services Limited - India
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- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
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- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
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