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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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Monday, 17 August 15
INDONESIAN THERMAL COAL REFERENCE PRICE HITS RECORD LOW AGAIN!
COALspot.com - The Director General of Mineral and Coal of Indonesia revised down Indonesian coal benchmark price once again to US$ 59.14 per MT fo ...
Monday, 17 August 15
CFR SOUTH CHINA COAL SWAPS CONTINUE TO HEAD SOUTH
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 40 (1.05%) per MT month over month.
A commodi ...
Sunday, 16 August 15
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO STEADY NEXT WEEK
COALspot.com: The BDI softened 12.08 per cent to 1055 points this week due to weakening of cape index which was fell 25 per cent week over week to ...
Friday, 14 August 15
FOB INDONESIA COAL SWAP SHOWING NO MOVEMENT THIS PAST WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week, this past week.
The 4Q swap was declined $ ...
Friday, 14 August 15
U.S. COAL PRODUCTION UP 2.9 PER CENT THIS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.2 million shor ...
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- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
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