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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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Wednesday, 29 June 22
LNG MARKET REMAINS TIGHT - INTERMODAL
LNG market remains tight currently, mainly driven by the US LNG outage from the recent fire in Freeport LNG terminal together with the recent fall ...
Wednesday, 29 June 22
CHINA'S NEW PLAN FOR RENEWABLE ENERGY DEVELOPMENT FOCUSES ON CONSUMPTION - FITCH RATINGS
China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 & ...
Wednesday, 29 June 22
APAC CORPORATE SECTOR OUTLOOKS SHIFT AMID GLOBAL SHOCKS - FITCH RATINGS’
Fitch Ratings’ mid-2022 corporate sector outlook review revealed that the Asia-Pacific (APAC) region saw the largest number of sector outlook ...
Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working enviro ...
Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
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- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Australian Coal Association
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Planning Commission, India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
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