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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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Wednesday, 09 September 15
FOB INDONESIA COAL SWAP LOSE GROUND ON SLOWING DEMAND
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap declined $ 1.92 (-4.52%) per t ...
Tuesday, 08 September 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO SHOW DECLINING TREND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Tuesday, 08 September 15
GANGAVARAM PORT IN INDIA DISCHARGES RECORD 112,599 MT OF STEAM COAL IN 24 HOURS
COALspot.com: Gangavaram Port, an all weather, multipurpose port with water depth up-to 21 meters, capable of handling fully laden Super Cap ...
Monday, 07 September 15
THE MINE OF THE FUTURE WILL HAVE ONLY TWO EMPLOYEES, A MAN AND A DOG - SCOTT MCGOWAN
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Scott Mcgowan, Director, Global ...
Monday, 07 September 15
FOB NEWCASTLE COAL SWAP FOR Q2' 16 DELIVERY CLOSED US CENTS 25 LOWER COMPARED TO Q4' 15
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery declined $0.73 per MT (-1.68%) month over month to US$ 42.65 per mt. The sw ...
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Showing 2826 to 2830 news of total 6871 |
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- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
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