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Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
 Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to narrow over time.
According to Fitch Ratings, prices of high-grade coal have been boosted by tight supply and geopolitical intensions, while prices of low-grade coal are constrained by weak demand from China. Newcastle 6,000kcal/kg grade coal reached USD380/tonne (t) in late June, a 105% premium over Newcastle 5,500kcal and close to the hard coking coal price of USD385/t. Fuel costs of north Asian power plants using liquefied natural gas are similar to those burning high-grade coal, suggesting limited upside for coal prices.
China’s benchmark Qinhuangdao 5,500kcal/kg price fell to the current CNY1,200/t and has found support at that level, from over CNY1,600/t in late March. The correction reflects weak demand; thermal power generation declined by 10.9% yoy in May 2022 due to lockdowns to contain Covid-19 outbreaks and strong hydropower generation. Coal inventories at power plants have also rebounded, Fitch Ratings says.
Fitch Ratings also noted that, India’s power demand rebounded by 10% yoy in April 2022 and 20% in May 2022, driven by an economic recovery, as the Covid-19 pandemic ebbed, as well as high temperatures in many regions. This led to tight coal supply, with the nation's average coal stock falling below eight days by end-April, despite a 15% rise in domestic coal production in 4M22. The government has ordered all power plants to use imported coal for 10% of their fuel to improve the availability of coal and meet the strong power demand. We expect the compulsory coal blending, which is likely to continue until 3Q22, to drive coal import growth during the year.
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Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
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- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- The University of Queensland
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
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