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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.
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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
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