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Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with capped prices as COVID-19 restrictions and higher renewables output dented demand for coal-fired power.
China imported 18.98 million tonnes of coal last month, compared to 28.93 million tonnes in June 2021, data from the General Administration of Customs showed on Wednesday.
Over the first half of 2022, China imported 115 million tonnes of the fuel, 17.5% lower than a year ago.
The decline in coal imports came after Beijing’s rigorous regulation of domestic coal prices. It capped thermal coal with a heating value of 5,500 kilocalories (kcal) at northern Chinese ports at 770 yuan ($114.60) a tonne under long-term contracts and at around 1,200 yuan for spot shipments.
In contrast, benchmark Newcastle 5,500 kcal thermal coal traded at an average of $402.50 a tonne on a free-on-board basis in June, boosted by a global fuel shortage in the wake of the Ukraine crisis.
“Chinese traders don’t have many incentives to buy seaborne coal given the unfavorable prices, and the rise of dollar makes imported cargoes even more expensive,” said a Singapore-based coal trader.
Thermal power generation, mostly from coal-based utilities, plunged 11% in May from a year ago because of surging hydropower output and a drop in total power production during COVID-19 lockdowns.
With temperatures rising in China, however, utilities have increased coal tender issuances for late-July and August arrivals, to prepare for a pick-up in power demand as households turn on air conditioners. But most of the tenders are seeking lower priced and lower quality coal from Indonesia.
Daily coal consumption has climbed to about 2 million tonnes in early July, similar to the same period last year, according to data compiled by the China Coal Transportation and Distribution Association (CCTD).
Source: Reuters
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Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
Friday, 22 July 22
MARKET INSIGHT - INTERMODAL
Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, man ...
Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-le ...
Wednesday, 20 July 22
BOOST FOR BIOFUELS AS IMO REMOVES REGULATORY HURDLE - GARD
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory req ...
Wednesday, 20 July 22
INDONESIA’S COAL EXPORTS TO THE EU INCREASED SIGNIFICANTLY RECENTLY
European countries have increased coal imports from Indonesia due to the energy crisis that hit the region after Russia cuts gas exports to Europe. ...
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- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- The University of Queensland
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
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