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Friday, 25 November 22
APAC THERMAL COAL PRICES CORRECT FROM RECORD HIGH - FITCH RATINGS
 Prices of Newcastle 6,000kcal/kg coal have corrected following falling European gas and coal prices, and more supply from Australia could help mitigate shortages in 2023, says Fitch Ratings.
A recent sharp fall in gas and coal prices in Europe, as a result of ample non-Russian supplies and warm weather, has caused Newcastle 6,000kcal/kg coal prices to correct to USD320/tonne from around USD450/tonne in early September. Newcastle outperformed ARA prices in Europe that have nearly halved since September, mainly due to Australia’s wet weather and supply restrictions. We expect weakness in the Newcastle 6,000kcal price in 2023, especially after the Australian tropical cyclone season from November to April, given its premium over low-grade thermal coal and coking coal prices.
China’s benchmark Qinhuangdao 5,500kcal/kg price climbed unexpectedly from around CNY1,300/tonne to CNY1,600/tonne during September-October before mildly correcting to CNY1,550/tonne in an overall balanced market. China’s coal production increased 10.0% yoy in 10M22, outpacing coal-fired power generation, which grew 0.8% yoy. Drought and reduced hydropower production, the impact of Covid-19 on supply, and stricter mining safety inspections have taken turns to stimulate market sentiment. Restocking demand ahead of winter is providing support to prices when consumption is at a seasonally lower level.
India’s thermal coal imports rose 36% during January-August 2022, boosted by growth in power demand. The country’s economic recovery has continued to power demand growth, with thermal power generation rising by about 7% yoy during the same period. Domestic coal supply has been improving gradually, rising 14% yoy in January-August 2022. We expect imports to remain robust, supported by continuing demand growth and partly offset by a gradual increase in domestic coal supply and renewable capacity additions.
Source: Fitch Ratings
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Tuesday, 29 November 22
SEABORNE COAL FLOWS IN 2022 - SIGNAL
This year is crucial for the energy mix in European countries, as the EU has imposed new sanctions on Russia. It is important to emphasize that the ...
Thursday, 24 November 22
VIETNAM BOOSTS COAL USE PLAN FOR 2030 AS G7 CLIMATE OFFER STALLS - REUTERS
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables ...
Tuesday, 22 November 22
THE GENCON 2022 CHARTERPARTY - GARD
KNOWLEDGE TO ELEVATE
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the ...
Tuesday, 22 November 22
INDIA POWER BINGES ON COAL, OUTPACES ASIA - REUTERS
India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine ...
Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
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- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
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