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Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
 In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Meanwhile, imports of lignite (a low-quality coal), which have risen strongly over the last few years, have remained a bright spot. In the first six months of the year, Chinese lignite imports increased by more than 20% y-o-y to 36mt, said Clarksons in its latest report.
Indonesia Dominant
Clarksons further said, Lignite has played an increasingly important role in China’s coal imports since 2009. Used largely in power generation (but also in paper mills and in the manufacture of building materials), lignite has a relatively low heat content, but due to its low quality has been attractively priced. As shown on the Graph of the Month, Chinese lignite imports have surged from 3mt in 2008 to 59mt last year.
According to Clarksons , Indonesia is the major supplier of lignite to China, accounting for 97% of China’s imports last year, with the Philippines accounting for much of the remainder. While Chinese imports of steam coal from Indonesia have also increased rapidly, the share of lignite in total coal imports from Indonesia has risen from 14% in 2009, to more than 50% in the year to date.
Driving Upwards
While favourable price dynamics have been the main factor supporting increasing steam coal and lignite imports, rapid growth in total coal consumption between 2008 and 2011 also provided some support. However, since 2012, growth in Chinese coal consumption has slowed notably, with total coal use up 0.7% y-o-y in 1H 2014. Meanwhile, the price differential between imported and domestic steam coal has narrowed, especially following several rounds of price cutting by domestic miners in July this year, said Clarksons.
As a result, imports of higher-quality steam coal (with a calorific value of over 5,000 kcal/kg) have become less competitive against domestic supplies. However, since lower-quality lignite has continued to be priced at a discount to higher-quality coal, power plants have kept costs down by continuing to use a blend of lignite and higher-quality coal in power generation, noted Clarksons.
Policy Risks
Consequently, Clarksons noted, the demand for imported lignite has remained relatively firm in the year to date, despite increasing efforts by the government to restrict imports of low-quality coal.
Last year, China re-imposed a 3% tax on lignite imports, but given the free trade agreement in place between China and ASEAN nations, volumes imported from Indonesia have been unaffected. Meanwhile, in July 2014, China introduced further regulations in some regions banning imports of low-quality coal transported a certain distance inland. However, a significant proportion of lignite is used in coastal power stations, many of which have geared their boilers towards using this type of coal.
Clarksons concluded that, so while recent efforts to restrict low-quality coal imports have not yet had a notable effect, regulatory trends may well limit lignite import growth in the longer-term. Yet in the short-term, favourable pricing and the current dependence of power plants on low-quality coal suggest that China’s lignite imports from Indonesia will continue to remain firm.
Source: Clarksons
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Tuesday, 25 November 14
SUB-BIT FOB INDONESIA COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT $ 49.55
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week.
The Q1 swap has lost US$ 0.12 (-0.24%) ...
Monday, 24 November 14
CHOPPY WATERS IN DRY BULK - SGX
COALspot.com: Dry bulk freight rates have experienced a sharp rise in volatility in recent weeks as bulk commodity supply has ramped up, said SGX i ...
Monday, 24 November 14
Q1 2015 FOB NEWCASTLE COAL SWAP CLOSED AT $ 52.73
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.73 on 21 November after losing US$ 0.40 (-0.75%) month ove ...
Monday, 24 November 14
CFR SOUTH CHINA COAL: Q2' 15 COAL SWAPS CLOSED LOWER COMPARED TO Q1' 15 SWAPS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 0.63 (-0.99%) month over month and US$ 0.12 (-0.19%) da ...
Sunday, 23 November 14
SPOT FREIGHT RATES IMPROVED SLIGHTLY OVER PREVIOUS WEEK
COALspot.com: The BDI was up 5.41 pct week on week and closed at 1,324 points on Friday. All the segments were up this week except Panamax index.&n ...
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Showing 3351 to 3355 news of total 6871 |
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- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
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- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
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- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
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- Standard Chartered Bank - UAE
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- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
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- Energy Link Ltd, New Zealand
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- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
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- Thai Mozambique Logistica
- Georgia Ports Authority, United States
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- Thiess Contractors Indonesia
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- European Bulk Services B.V. - Netherlands
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- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
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- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
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- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
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- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
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- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
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- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
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- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
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- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
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- Parliament of New Zealand
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