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Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
 Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several coalmine accidents in the past month, China has launched a nationwide check on coalmine safety. Meanwhile, severe drought in southwest China has directly led to a jump in thermal power demand. Theses have aroused a market concern on a possible coal supply shortage in China in 2010.
Henan province, a major coal production base in China, has stated the coal consolidations, and how many small coalmines will be shut down has become a crucial factor determining whether China will suffer a new coal supply shortage in 2010.
-- Safety check to postpone production resumption of small coalmines in Shanxi
Shanxi province has decided to launch a three-month safety check on an internal conference on March 31 in a wake of consecutive coal accidents in March, Official with Shanxi Coal Industry Office said that the safety check in Shanxi province would mainly focus on the legality and safety system of coalmines under construction.
Following that, the State Administration of Work Safety and the State Administration of Coal Mine Safety jointly made an emergency notice on extending the safety check from Shanxi province to nationwide.
Huang Yi, vice director of the State Administration of Work Safety estimated that the check would involve more than 7000 coalmines and 1.5-billion coal production capacity.
The official with Shanxi Coal Industry Office noted that the safety check would postpone the operation of newly built large coalmines and the production resumption of the small coalmines after the coal consolidation in the second largest coal producing province in China, but would not trigger an extensive suspension of production as in 2008, said the official.
Small coalmines in Shanxi were asked to suspend production in all-round way for rectification in 2008 due to a string of coalmine accidents, and before resuming production, they were acquired and merged by large coalmines compulsorily in accordance with Shanxi?s coal consolidation plan launched at the beginning 2009.
Senior manager with sales branch of Shanxi Coking Coal Group said that about 70-million-tonne coal production capacity of small coalmines, which have been acquired by Shanxi Coking Coal Group which produced 80.79 million tonnes of coal in 2009, is scheduled to be released at the end of 2010. But the production resumption is likely to be further postponed on current circumstance.
The senior manager predicted that coal enterprises would not blindly raise coal output and therefore the expected output growth may lower.
According analyst Liu Fei with Guodu Securities, there are about 400 million tonnes/year of coal production capacity under construction in Shanxi province.
In the first two month of 2010, nearly 10 million tonnes of newly added coal output capacity has gone into operation, but the recent coal accidents would delay the operation of other newly added output capacity.
The State Council has claimed that the safety check would involve all sectors in China. The Ministry of Railways has initiated a two-month safety check since Apr. 5, and Datong-Qinhuangdao Railway, a key coal transportation channel, has also entered a one-month maintenance, which is enormously affecting the coal supply.
Although the safety check will affect the coal output in Shanxi in short term, the province still seems quite confident in fulfilling its target of producing 670-700 million tonnes of coal in 2010 and has shown no intention to revise the target.
In 2009, coal output in Shanxi province amounted to about 620 million tonnes on shutdown of small coalmines, down 30 million tonnes on year. However, the coal consolidations in Shanxi has come to an end, which would great enhance Shanxi's output capacity, and a large amount of newly formed production capacity would enter into operation this year in spite of the three-month safety check. Therefore, coal supply from Shanxi province would remain stable or even rise in 2010.
-- Southwest drought calls for greater thermal power demand
In March, power supply shortage in Yunnan, Guizhou and Guangxi provinces exceeded 5 million kilowatts, which would have to be fed by thermal power generation.
The lasting severe drought in southwest China since the Chinese Lunar New Year in February has led to a dramatic decline in hydropower generation, which only took up 12 percent of national power supply in the first two months of 2010, down 9 percentage points on year.
Many southern China provinces with hydraulic power as main power source are facing electricity supply shortage.
According to Guizhou provincial government, Guizhou province has an electricity shortage of 3 million kilowatt hours. Water storage of reservoir in Guizhou has declined to the bottom level in history, down by 30 percent on year, which decreased the daily hydropower generation from 90 million kilowatt hours to 60 million kilowatt hours.
The situation in Yunnan province is even worse, with the electricity shortage topping 4 billion kilowatt hours. Since water resource plunged by 30-40 percent on year, less than 30 percent of total installed capacity of major hydropower stations is operational. Affected by the electricity shortage, upstream sectors like ferrous metals industry in Yunnan and Guangxi have fully or partly suspended production.
About 17.6 percent industrial enterprises in Yunnan province have been severely affected.
GF Securities forecast that the power supply shortage may push up the demand for power coal by at least 4-5 percent for the whole year of 2010.
According to statistics released by China Electricity Council (CEC) in February, power coal consumption stood at 1.56 billion tonnes in 2009, and CEC predicted that China's power coal demand would remain high in 2010 at about 1.66 billion tonnes
Chen Liang, analyst with GF Securities holds China may face a new coal supply shortage in 2010 on similar condition in 2008.
But some other experts are not as pessimistic as Chen Liang, and they believe overall coal supply would keep balance in 2010 despite of regional tight supply in the peak seasons in summer and winter. Now Henan province, one of China?s major coal production bases, becomes the biggest variable affecting the balance between coal supply and demand in China.
-- Small coalmine M&A in Henan to affect national coal supply in 2010
Henan Province announced a plan on coal enterprises merger, acquisition and reorganization in March. According to a document issued by the provincial government, major coal enterprises are expected to hold over 85 percent of total coal resources in the province at the end of 2010, but it remain unclear that how many small coalmines will be shut down.
Henan planned to control its coal output at 150 million tonnes in 2010, down 80 million tonnes from 230 million tonnes in 2009.
Under such a circumstance of tight balance, a reduction of 80 million tonnes in coal output would give a heavy blow to the marketm said Chen Liang, the GF Securities analyst.
However, market observers generally doubted about the production reduction target and they hoped that the target is a upper limit.
Chen Dangyi, vice director with Department of Industry and Information Technology of Henan province, said that although the Henan has carried out guiding opinion on the coal consolidation, but detailed plan is still being formulated. It's unpredictable how much Henan's coal output would be affected by the coal consolidation.
Small coalmines, which account for nearly one third of national coal output, are blamed for about 70 percent coal accidents in China. Therefore, China will have to make greater effort in consolidating small coalmine in a bid to reduce accidents.
Source: Xinhua
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Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
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- Eastern Energy - Thailand
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
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