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.
|
|
Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
|
|
|
Showing 116 to 120 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Economic Council, Georgia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
|
| |
| |
|
