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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, 07 October 14
API 8 CFR SOUTH CHINA COAL SWAP HEADED SOUTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 1.10 (-1.64%) month over month and US$ 0.25 (-0.38%) ...
Monday, 06 October 14
' COAL-BY-WIRE' FROM SUMATRA TO JAVA - THE JAKARTA POST
Coal from the island of Sumatra accounts for most of Indonesia’s low-grade lignite, a low-quality coal that receives a poor price in internat ...
Monday, 06 October 14
THE IRON ORE SHIPPING BUSINESS IS FACING SOME ROUGH SEAS - EAST ASIA FORUM
The impact of Chinese demand on global iron ore prices is well known. A less acknowledged consequence of China’s emergence is the transformat ...
Sunday, 05 October 14
BALTIC DRY INDEX SLIPS 1.14%; BALTIC PANAMAX INDEX GAINED 9.91% WEEK ON WEEK
COALspot.com: The BDI was down by 1.14 pct and closed at 1037 points this Friday.
The Cape index was down significantly week on week or lost 5 ...
Friday, 03 October 14
U.S. WEEKLY COAL PRODUCTION UP 5.8% TO 19.9 MMST
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.9 million short tons (mmst) of co ...
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- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Parliament of New Zealand
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Tata Chemicals Ltd - India
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- Heidelberg Cement - Germany
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