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Friday, 24 July 15
THE IMPACT OF COLLAPSING CHINESE COAL IMPORTS - CLARKSONS
 Global seaborne coal trade is currently projected to drop 1% y-o-y in 2015, which would be the first annual decline in almost three decades. The driving force behind the slump has been a collapse in Chinese seaborne coal imports, which fell 40% y-o-y in the first five months of the year. This month’s Commodity Countdown explores the cause and implications of the drop in Chinese coal import demand.
Global seaborne coal trade is currently projected to drop 1% y-o-y in 2015, which would be the first annual decline in almost three decades. The driving force behind the slump has been a collapse in Chinese seaborne coal imports, which fell 40% y-o-y in the first five months of the year. This month’s Commodity Countdown explores the cause and implications of the drop in Chinese coal import demand.
The Hoover Losing Suction
China’s role in recent global coal trade has been to hoover up coal output and provide a seemingly bottomless source of demand to exporters around the world. Chinese imports accounted for a quarter of growth in seaborne coal trade in 2012 and 65% in 2013. However, as the graph shows, the country’s coal import demand has been in steady decline since the beginning of 2014 and with the acceleration of the downturn in the first half of 2015, China is likely to lose its leading position, while global seaborne coal trade is expected to record its first decline in decades.
The Prognosis
The majority of coal consumed in China is sourced domestically, meaning that even a small change in the country’s coal use can impact heavily on seaborne imports. With that in mind, Chinese coal fired power generation dropped 3% y-o-y in the first five months of 2015 on the back of the government’s measures to tackle air pollution. There have been a number of power plant closures in recent months, while Chinese importers became increasingly particular about their coal purchases, due to the introduction of a series of coal quality regulations. Correspondingly, Chinese thermal coal imports dropped 39% y-o-y in January to May to the lowest level for the period since 2011. Similarly, coking coal imports dropped 41% y-o-y in January to May, coinciding with the 1.3% y-o-y drop in steel production in 1H 2015. The drop has been largely attributed to easing infrastructure development and sluggish construction activity.
The Impact On Exporters
As China’s coal imports from seaborne suppliers have dropped across the board in the year to date, coal miners have been put under severe financial pressure. Indonesian miners have taken a particularly severe blow, with a large number forced to cut output. Total Indonesian coal production dropped 19% y-o-y in January to May, while shipments to China halved y-o-y. Elsewhere, while Australian miners are likely to benefit modestly from a free trade agreement signed in June, forecasts still indicate a difficult remainder of the year, following the 15% y-o-y drop in exports to China in January to May. Finally, while India is on course to become the leading seaborne coal importer in 2015, it is likely to fall considerably short of filling the demand gap left by China. As such, the impact of collapsing Chinese coal import demand on global coal trade is likely to be significant.
Source: Clarksons | Hellenic Shipping News
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Thursday, 29 October 15
Q2' 16 FOB INDONESIA COAL SWAP CLOSED US$ 37.40 PER TON; DECLINED 5.56 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.13 (-5.34%) per t ...
Wednesday, 28 October 15
Q2'16 FOB RICHARDS BAY COAL SWAP SEES FURTHER DECLINES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and declined month over month.
The Q4 swap was d ...
Wednesday, 28 October 15
BDI INCREASE TOOK PLACE SOLELY ON THE BACK OF CAPESIZE PERFORMANCE, BUT........ - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a small improvement which nonetheless failed to lift sentiment, not only because ...
Tuesday, 27 October 15
Q1'16 API 5 FOB NEWCASTLE COAL SWAP DECLINE 6 PER CENT M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $2 per ton (4.66%) month over month to US$ 40.93 per ton. The swa ...
Monday, 26 October 15
PORT OF NEWCASTLE SHIPPED 10.5 PER CENT LESS COAL IN SEPTEMBER, COMPARED TO AUGUST LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.161 billi ...
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- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
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