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Tuesday, 22 July 14
INDONESIA'S MINERAL EXPORT BAN: CHINA UNDER PRESSURE? - CLARKSONS
In January 2014, Indonesia introduced new regulations on exports of unprocessed minerals. Exports of some minerals have been heavily taxed, whilst shipments of other ores, such as nickel ore and bauxite, have been completely banned.
The biggest impact of the ban, in terms of seaborne dry bulk trade, has been on nickel ore and bauxite trade, as Indonesian exports accounted for 58% and 65% of global trade in these commodities respectively in 2013.
Sharp Decline
The importer country most affected by the ban has been China, whose imports of bauxite and nickel ore have grown strongly in recent years to reach a total of 143mt in 2013, accounting for around 90% of global trade in these commodities.
During 2013, China imported significant volumes of nickel ore and bauxite to build up stocks in anticipation of the ban. As shown by the Graph of the Month, Chinese imports from Indonesia have plummeted since January 2014. As a result, China’s total imports of bauxite and nickel ore averaged 5.2mt per month between February and May 2014, compared to 11.9mt on average per month in full year 2013.
Finding New Sources
In the year to date, China has been able to increase nickel ore imports from the Philippines, the only other major nickel ore exporter, in a similar fashion to when restrictions on Indonesian exports were in place in May to November 2012. By May 2014, imports from the Philippines rose to 4.0mt, com-pared to the 2.5mt per month average in 2013. In the case of bauxite, China has a wider variety of alternative suppliers, such as Australia, India, Guinea and the Dominican Republic.
These countries accounted for 90% of Chinese bauxite imports in May 2014, compared to 36% in May 2013. However, absolute export volumes from these countries to China have been relatively weak in the year to date due to high stockpiles in China, infrastructure constraints and the fact that mining projects in some of these countries are still at the early stages of development.
Limited Cargoes
In the short-term, extremely limited bauxite and nickel ore cargoes from Indonesia as a result of the ban may continue to have a negative impact on Panamax and Handymax demand. Given that it currently looks unlikely that the ban will be reversed or relaxed later this year, global trade in nickel ore and bauxite is currently projected to decline 23% and 28% respectively in full year 2014.
While Indonesia’s restrictions have led to greater Chinese investment into bauxite mining in Africa, as well as nickel ore and bauxite refinery capacity in Indonesia, bauxite and nickel ore trade is likely to continue to be hampered in the short-term. In the longer-term, it is expected that China will import bauxite and nickel ore from more distant sources.
However, there remains uncertainty over how China’s demand for nickel ore will develop and by how much nickel ore and bauxite mines in other countries will be able to increase output.
Source: Clarksons / Hellenic Shipping News
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- The University of Queensland
- Singapore Mercantile Exchange
- Australian Coal Association
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- White Energy Company Limited
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
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