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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
 Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says India will be central to supporting growth in the global seaborne metallurgical (met) coal market this year, with a two million tonnes (Mt) rise in imports on the cards. Overall however, global growth in the seaborne market will remain broadly subdued thanks to expectations for a further retreat in Chinese imports of 4-5Mt. Following on from last year, China’s appetite for imports has waned thanks to a combination of a slowing steel sector, lower coke prices and the continued uncertainty regarding trace element standards being enforced on met coal imports.
Ronnie Cecil, Principal Steel Analyst for Wood Mackenzie says, “In 2015, the combined net increase in global seaborne demand will just about be sufficient to offset the negative China impact this year. India offers the main ray of hope with steel production growth on course to advance 4% this year boosting demand for imported met coal. Growth wise semi-soft coking coal (SSCC) and pulverised coal injection (PCI) coal, both used in steelmaking, will continue to see imports rise sharply thanks to steelmakers’ ongoing focus on hot metal cost reduction. Meanwhile, the scarcity of good quality premium hard coking coal locally will continue to support imports.”
Looking further ahead, India is expected to remain a key driver of global met coal trade growth over both the medium and long term. Of the 123Mt rise in global trade projected by Wood Mackenzie out to 2035, India is expected to account for 40% of this, with China contributing 28%. Mr Cecil says, “We expect rising Indian demand to overtake Japan - currently the biggest importer - in 2025 before reaching parity with China by 2035. This begs the question of whether India will be the next China.”
For the medium term from now to 2020, Wood Mackenzie says China is expected to resume its charge on the coal import front, with imports heading over 100Mt. However, with peak hot metal demand set to kick-in around the same time at 880Mt, this will temper further upside for Chinese coal imports longer term. For India, it is very much the reverse of this story. Mr Cecil explains, “While the potential for huge steel consumption growth is there in India, the capacity to satisfy that demand is likely to take a longer timeframe compared to China as it is typically constrained by bureaucratic procedures, regulations and permitting issues. As a result, we are less bullish over the medium term anticipating steel growth of 4-5% per annum, before ramping up to 6-7% per annum in the longer term to 2035. This in-turn will skew most of the 51Mt coal import growth in India towards the 2020-2035 timeframe.”
In summary, Mr Cecil says, “India’s steel sector tells of a positive story through to the longer term. For now, it is not a dominant force but it is clearly starting to show strength in supporting demand through a very weak and oversupplied global market. It is also one to watch to understand the shift in demand growth concentration when China does eventually reach peak iron and steel demand.”
About Wood Mackenzie:
Wood Mackenzie is a global leader in commercial intelligence for the energy, metals and mining industries. We provide objective analysis and advice on assets, companies and markets, giving clients the insights they need to make better strategic decisions. For more information visit Wood Mackenzie official website
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Tuesday, 17 February 15
Q2' FOB RICHARDS BAY COAL SWAP CLOSED AT $63.45; $ 1.85 HIGHER COMPARED TO Q4 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month, week on week and day on day.
The Q2 swap has ...
Monday, 16 February 15
COAL MINING SLUMP A BLESSING IN DISGUISE - THE JAKARTA POST
The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening ...
Monday, 16 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 1.31 per MT (+2.59%) week over week and US$ 4.35 (+9.13%) month on ...
Monday, 16 February 15
Q2' 15 - CFR SOUTH CHINA COAL SWAP ROSE 5.22% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 2.88 (+5.22%) per MT month over month and US$ 1.08 (+1.90% ...
Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining ...
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- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- PTC India Limited - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
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