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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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Sunday, 07 September 14
FREIGHT MARKET CONTINUED TO BE FIRM IN SPITE OF CAPE'S THIS WEEK'S WEAK PERFORMANCE
COALspot.com: BDI up by 0.7 pct week on week and closed at 1155 points this week. The Baltic Dry Index is a composite of three sub-indexes that mea ...
Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO
Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s ...
Saturday, 06 September 14
SLOW COAL EXPORT REGISTRATION RAISES CONCERNS - THE JAKARTA POST
Several coal mining companies have yet to receive the go-ahead from the Energy and Mineral Resources Ministry to obtain exporting licenses, leading ...
Saturday, 06 September 14
DRY BULK MARKET'S PROSPECTS ARE IMPROVING, DESPITE WEAK SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been rebounding during the past month, with the Baltic Dry Index (BDI) ended the week on a high note, reaching 1,155 points ...
Saturday, 06 September 14
INDONESIA WANTS TO REGULATE COAL DEALS - THE TELEGRAPH INDIA
Indonesia has raised concerns about suspected coal deals struck between overseas buyers and its unregistered domestic miners, the telegraph India r ...
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- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
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