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Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at US$ 412.6 per ton on the Newcastle ICE market, up 3.93% compared to the previous day, as quoted by CNBC Indonesia. Yesterday's price spike brought again coal prices back to the psychological level of US$ 400 for the first time since May 23, 2022. This price also brought black closer to its record high in history that occurred on March 2, 2022, which was US$ 446 per tonne.
According to CNBC Indonesia, overall, coal prices shot up 11.83% week on week. Within this month, the price of coal soared 11.82%, while within a year rose 216.78%. So far this year, the price of coal has crossed the psychological point of US$ 400 thrice, the first time in March, and then late May, and on 7 July.
In early March, CNBC Indonesia says, coal prices crossed USD 400 after the Russian-Ukrainian war broke out on February 24, 2022. The war sparked concerns about supply disruptions and logistical traffic. Moreover, Russia is the one of the largest suppliers of coal in the world.
At the end of May 2022, again coal prices shot up above USD 400 a ton due to electricity crisis in India and the European Union's decision to ban imports of Russian coal. The heat wave made the demand for electricity in India soar so that the demand for coal shot up.
CNBC Indonesia also noted that, coal prices have soared again in early July as Russia's decision to cut gas supplies to Europe. The decision made gas prices soar so that European countries restarted their coal power plants.
The surge in coal prices in yesterday's trading was also still triggered by the skyrocketing European natural gas prices and also the weather disturbances in Australia. The Australia is the largest exporter of metallurgical coal and the second largest exporter of thermal coal after Indonesia.
CNBC Indonesia also says, the European benchmark EU Dutch TTF (EUR) natural gas price touched EUR 183 per megawatt-hour yesterday, the highest record since March 2022. The price jumped 131% month on month and 450% year on year.
The spike in gas prices was due to concerns that maintenance work which is undergoing to the Nord Stream gas line could not be completed on schedule, which supposed to be completed by 11-21 July 2022. Russia will temporarily close the Nord Stream 1 pipeline for annual maintenance. The summer maintenance activity, which runs under the Baltic Sea from Russia to Germany, is scheduled to last from July 11 to 21 July. But many fear that the Russia is using planned maintenance activities to turn off the taps of the European Union's (EU) largest gas import infrastructure forever, as quoted by CNBC Indonesia.
If the maintenance work is not completed as per scheduled, then the gas prices are expected to increase to EUR 250. The Gas price spike will reflect into coal prices considering that the coal is an alternative energy source.
"If Nord Stream maintenance is not completed by 21 July, there will be a supply and demand gap of up to 67mcmc/day. I don't think this will be covered by coal alone," said Klaas Dozeman of Brainchild Commodity Intelligence, as quoted by Montel News.
Weather disturbances and flooding in Australia are also the drivers of coal price increases. Floods forced the Australian Rail Track Corporation to shut down the Hunter Valley rail network in New South Wales on Tuesday night.
The closure of the rail network has restricted coal shipping traffic to the Port of Newcastle. In fact, the port is the largest coal export hub in the world.
"The flood has affected the ARTC rail network so that coal deliveries cannot be carried out from Tuesday. However, we hope that this service can resume running as soon as possible," said a spokesman for Port Waratah Coal Services at the port of Newcastle as quoted by Montel News.
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Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
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- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
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