We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
 Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by 2030 will be driven by China at 1btpa and India at 400mtpa
At Coaltrans India today, Wood Mackenzie said that a significant growth in demand for seaborne thermal coal from China and India- the top two demand drivers by 2030, will lead to a change in global trade patterns. The increase in the seaborne trade will ensure the long-term security of thermal coal supply in the Asian region. Despite forecast ample supply, Wood Mackenzie indicated that investors and buyers should expect prices to stay at traditionally high levels over the foreseeable future.
Mr. Prakash Sharma, Presenter and Coal Market Analyst says, “China has evolved rapidly to become the world’s largest thermal coal importer with seaborne demand set to grow from 175 million tonnes per annum (mtpa) in 2011 to 1billion tonnes per annum (btpa) by 2030. India is also set to overtake Japan as the second largest consumer of thermal seaborne coal by 2030, growing from approximately 80 mtpa in 2011 to 400 mtpa. India’s demand may be even higher if domestic supply is constrained by delays in associated rail and port infrastructure projects.”
A major expansion in global thermal coal trade, concentrated on Asia and driven by demand from both China and India, is expected over the next 20 years. Rapid economic expansion will fuel demand for electricity, and the heavy reliance of Asian economies on coal will lead to an increase in trade flows. In the near-term, the market will be tight but a significant growth of thermal seaborne supply is expected to come from existing and emerging basins, creating a change in trade flows that will feed long-term demand.
Mr. Sharma says, “With Asia at the centre of future thermal coal import requirements, current Pacific Basin suppliers will be first in line to benefit. Waiting in the wings though are emergent players some of which, particularly in Australia and the US, will make up a significant portion of their region’s future supply growth.”
“The emerging basins to keep an eye on are Australia’s Surat and Galilee basins, Indonesia’s Kalimantan and Sumatra basins as well as basins in Mozambique, Mongolia, Russia’s Far East, and the west coast of the United States. South African coal will continue its migration from Europe to Asian markets, and other Atlantic Basin suppliers such as Colombia and the eastern US will also participate, albeit marginally.”
Despite aggressive expansions in thermal coal supply, long-term prices will defy expectations of a drop in prices, instead remaining high in the seaborne market. There may be short term seasonal fluctuations such as a dip in Q2 prices this year due to economic uncertainty but in the long-term, the Newcastle reference coal price will increase progressively and is forecast to remain above free on board (FOB) US$120/t in real 2011 US dollar terms.
The high prices can be attributed firstly to higher production costs and the substantial investment required in new mines and supporting infrastructure development particularly for new reserves from significant emerging basins. These are in remote regions far away from exiting port facilities. Secondly, cost pressures come from changing fiscal regimes such as the carbon tax in Australia and minimum export price regulations in Indonesia. Lastly, Wood Mackenzie expects a declining trend in export thermal coal quality as large volumes of low rank coals from Indonesia enter the seaborne market.
In summary, Mr. Sharma says, “Demand for seaborne thermal coal will grow exponentially from now until 2030, particularly as a result of China and India’s needs. While this demand will find supply from a change in trade flow patterns, we think that prices will not weaken with the oncoming supply. Rather, cost pressures, infrastructure bottlenecks and a decrease in export coal quality all combine to hold prices at traditionally high levels.”
About Wood Mackenzie
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger.
Wood Mackenzie is a research consulting company and it is our preference is to be referred to as research consultants.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
|
|
|
Showing 4946 to 4950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
|
| |
| |
|
