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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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Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
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Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
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- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- The University of Queensland
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
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