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Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faster than demand, analysts and traders said.
High inventories in the world’s top coal consumer are capping its appetite for imports, pressuring global prices. The slow recovery in China’s coal consumption also points to a gradual rebound in power consumption and growth in the world’s second-biggest economy.
Analysts forecast China’s coal demand to grow 2% this year on resurgent industry and construction, and to bring extra appetite for imports, especially high-quality Australian coal after China partially eased a ban on imports from there.
However, rising stocks at ports and utilities suggest a faster resumption of output at mines than downstream industries such as steel, cement and chemical, can use, dampening market confidence in the near-term demand outlook.
Spot prices for thermal coal with heating value of 5,500 kilocalories (kcal) at northern Chinese ports plunged to 980 yuan ($142.49) a tonne this week, a level last seen in early February 2022.
Global thermal coal prices also slid, with Australian 5,500 kcal coal falling 10% to about $118 a tonne on the free-on-board (FOB) basis over the past two weeks, while Indonesian 3,800 kcal coal shed 17% to about $67 a tonne.
“Most coal miners have restarted production after the Lunar New Year holiday but downstream sectors are coming back slower with thin demand,” analyst Xiao Lanlan, from Tianfeng Futures, said in a note.
Coal stocks in eight northern ports climbed to 35.96 million tonnes this week, a level last seen in April 2020 when industrial activity halted due to COVID-19, China Coal Transport and Distribution Association (CCTD) data showed.
Reserves at major utilities are also higher than the same time in the past four years, but coal use at the power plants, appears to have climbed to the same level as last year, data showed.
The market for construction materials is also awaiting sustained economic stimulus from the government to underpin the infrastructure and property sectors, analysts and coal traders said.
“We were hoping for a strong rebound in demand along with a rapid economic recovery after the Lunar New Year but it seems the recovery path is much slower than we anticipated,” said a coal purchasing manager at a state utility who declined to be identified as he is not authorised to talk to media.
“The term-supply from domestic coal miners is more than enough for what we need, and I see very little room for imports now.”
Source: Reuters
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Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- The University of Queensland
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
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