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Thursday, 04 November 21
CHINA THERMAL COAL PRICES RISE AFTER FALLING FOR 10 DAYS - REUTERS
China thermal coal futures rebounded on Wednesday after falling for 10 days on an expected jump in fuel demand to meet heating needs amid forecasts for plunging temperatures.
China’s National Meteorological Center is predicting snowfall in the north and cold winds in the next two days that are expected to cause temperatures over the weekend to plummet in the northwest, southwest and most central and eastern regions.
The most-traded China thermal coal futures for January delivery closed up 8.86% at 978 yuan ($152.85) per tonne at 0700 GMT, rebounding after the contract nosedived over 50% off the record of 1,982 yuan hit on Oct. 19 after the government enacted a raft of measures to cool prices.
Prices year-to-date are up 39%.
China coking coal and coke futures also rose on Wednesday, closing up more than 12% and 7%, respectively.
“We believe strong heating demand and restoration of coal-fired power plants could be reason for this rebound after prices plunged from its historic high,” analysts from ANZ said in an email.
However, the analysts added that the Chinese government is vowing to lower prices, including a potential price ceiling, which could create downside risk.
They added that should China keep daily domestic output in the 11.5 to 12 million tonnes range along with monthly imports of 20 million to 25 million tonnes, this would be sufficient to meet additional winter demand.
Other analysts warned of more volatility potential in coal markets depending on controls issued by the government.
“For example, requiring some output to be reserved for domestic heating and power stations at lower prices will reduce the amount of coal available on the market, so if the winter is a cold one and demand exceeds expectations, another price spike could be in the cards,” Alex Whitworth, head of Asia Pacific Power and Renewables Research at Wood Mackenzie told Reuters.
China’s key power plants with direct connection to the state railway network were holding 19.1 days worth of thermal coal inventory by October-end, up 5.1 days from a month earlier, Chinese media cited China Railway Group as saying on Wednesday.
The railway group transported 122 million tonnes of thermal coal last month, 25% higher than a year earlier and 21% more than the previous month, Shanghai government-backed the Paper reported.
Source: Reuters
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Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
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Showing 6 to 10 news of total 6846 |
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- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Planning Commission, India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
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