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, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
Monday, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
|
|
|
Showing 5136 to 5140 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
|
| |
| |
|
