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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
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- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
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