The Adaro Blog

Australian thermal coal exporters warned of falling demand from India
August 23, 2019, 7:44 pm
Thermal coal exporters face “significant risk” that demand from India will decline, a report by the Australian office of the chief economist says. It also warned of long-term uncertainties in the market considered a “great hope” by miners. The report, released on...
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China slowdown knocks Asia coal price to 3-year low
August 21, 2019, 7:49 pm
The price of coal used in power stations in Asia has fallen to its lowest level in three years due to fading demand in India and China, the two biggest coal consumers. Having surged to $120 a tonne last summer, the Australian benchmark seaborne price of thermal coal has fallen 44 per cent to $61...
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China provides $1 billion in 'green' finance to coal projects in first half of the year
August 19, 2019, 7:50 pm
SHANGHAI (Reuters) - Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy strategy. According...
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A Burning Question for Coal’s Brightest Star
August 16, 2019, 7:36 pm
If India is such a bright hope for global coal demand, why can’t investors see it? The country will experience the largest increase in coal burning through 2023, according to the International Energy Agency, with a 3.9% annual pace of growth that should be enough to offset falling...
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Analysis: In India's energy mix, gas faces tough battle with coal
August 15, 2019, 6:00 pm
Singapore — India is stepping up efforts to raise the share of gas in its energy basket, but consumption is unlikely to move ahead at a pace the government is aiming for as infrastructural and pricing hurdles erode its competitiveness with relatively cheaper fuels such as coal. Analysts...
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China’s Slumping, So What’s Up With Coal?
August 14, 2019, 5:57 pm
While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants. Fixed-asset investment in mining increased 27.4% from a year earlier in July, continuing an extraordinary run this year that puts growth at the fastest pace in a...
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India's Coal Import Rises 29 Per Cent To 24 Million Tonnes In June
August 12, 2019, 7:08 pm
The country's coal imports increased by 28.7 per cent to 24.14 million tonnes in June on the back of softening of non-coking coal prices in the international markets. The country had imported 18.75 million tonnes of coal in the corresponding month of the previous fiscal, according to a...
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Analysts revise Q4 coal price outlook down 4%
August 9, 2019, 6:50 pm
Pacific basin benchmark Newcastle coal prices will likely average USD 79.30/t in the fourth quarter, down 4% – or USD 3.30 – from previous estimates, amid expectations of weaker demand, said economic analysis firm Focus Economics. Prices in 2020 would average 3% less than forecast...
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Indonesia's coal reference price up slightly in August
August 7, 2019, 8:22 pm
The government has set the country's coal reference price (HBA) for August at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said little change was expected in coal prices on the world market this...
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China coal mine approvals surge despite climate pledges
August 6, 2019, 6:35 pm
SHANGHAI/BEIJING (Reuters) - Approvals for new coal mine construction in China have surged in 2019, government documents showed, with Beijing expecting consumption of the commodity to rise in the coming years even as it steps up its fight against smog and greenhouse gas emissions. Long-term cuts...
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