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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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Friday, 28 August 15
DRY BULK SHIP OWNER OPTIMISTIC ABOUT FUTURE PROSPECTS OF THE MARKET: NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk ship owner Golden Ocean appeared optimistic on the long term prospects of the dry bulk market, mainly thanks to an expected resolution of ...
Friday, 28 August 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING AUGUST 22 ROSE FOR THE THIRD STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.5 million shor ...
Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its ...
Thursday, 27 August 15
RATES FOR CAPES REMAINED ON A FREE FALL LAST WEEK - INTERMODAL
COALspot.com: Keeping everyone on their toes with the volatility seen in August, the Dry Bulk market undoubtedly remains a steady provider of chall ...
Wednesday, 26 August 15
MARKET INSIGHT - STRATOS TINIAKOS
It’s always interesting to comment on the market when big economies around the world are facing troubling times. Following the collapse of th ...
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- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- The University of Queensland
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
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