We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
 COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by January 12, 2014. This is likely to apply to coal below 5100 kcal/kg (on adb basis) in value. As of now Indonesia is not producing much coal containing below 5100 GAD coal. But according to industry, by 2014, the total production of below 5100 GAD coal could reach up to 10 – 20 million per annum.
Indonesia coal export ban
“We do not see a significant impact from the loss of low grade Indonesian volumes”, said Miswin Mahesh, an analyst at Barclays Capital in London.
These volumes have been preferred by Indian consumers increasingly over this year given its price advantage over the high spec variety of coal; this would just mean that more of the high spec coal will be drawn in by end users, he futher added.
India will have to start importing higher grade coal at the prices that prevail in 2013 (and we expect these to come from South Africa and Australia). Major supply centres are shaping up well to provide future supplies; example SUEK in Russia is expanding its Muchka Bay terminal at Vanino, which is expected to become the largest coal port in Russia in order to boost Russia’s exports to the Pacific Basin.
SUEK is investing heavily in this terminal and its capacity will be increased to 12mt/yr. Further supply ramp ups from Russia expected from Vanino as Mechel is also completing the construction of the rail line connection the national railway network to the Elga deposit.
Production is expected to ramp up to about 25mt/yr over the next decade. We don't think the Russian governments export duty stance on SS coal will have a significant impact on its exports, and given that Colombian supplies are increasingly finding their way into Europe, Russian exporters will be increasingly incentivized on sending their cargoes to Asia. And given that they are well prepared for this we would not see any significant loss of supply.
Another important trend noticed is the directional share of Indonesia’s exports where India’s share of imports have increased over China’s (an expansion of close to 40-45% y/y looking at volumes in the first quarter)
Overall view for coal
Barclays Capital expects a lacklustre Q3 2011 for coal markets globally, with large stockpiles in Europe’s (Amsterdam Rotterdam and Antwerp ports), comfortable stockpiles in China and India out of the market due to the monsoons.
These stockpiles will create a buffer for prices at current levels against any unexpected supply or demand incidents.
We expect some momentum to be gained into Q4, as winter restocking needs in Europe return (UK utility stockpiles are low) and German demand will intensify in order to offset the loss of nuclear loss. This will create a good pull for coal in the Atlantic with most of the supplies likely to come from Colombia, Russia, the US and South Africa.
South African prices will have to come off from current levels if it is to price into Asia through this quarter, especially if it is to be attractive to Indian consumers. We would expect India to continue to prefer off spec coal Indonesian coal until South African prices soften, but if Indonesian off-spec becomes expensive then South African coal would climb above the preference scale. Favourable freight rates will also support this movement. We expect South African volumes into India to increase but as mentioned prices have to soften by $10. Low spec South African coal will not be exported into India in large quantities as state owned Eskom requires this supply. We did see some low spec South African cargoes that were meant for Eskom going into India but these volumes are one off in nature.
About Miswin Mahesh
Miswin Mahesh is a commodities analyst at Barclays Capital in London, specializing in the coal, freight and crude oil markets. Miswin is a graduate of the Duisenberg School of Finance in Amsterdam.
He graduated with a double masters, an MSc in Corporate Finance and Banking and a Masters degree in International Finance from the University of Amsterdam. Miswin builds his insight on international trade flows from his experience in the Middle East, India, Africa and Europe.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
|
|
|
Showing 46 to 50 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Planning Commission, India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
|
| |
| |
|
