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Friday, 07 August 15
COAL PRICE DEVELOPMENTS CAN ONLY BE DESCRIBED, SUCCINCTLY AS "OVERSUPPLY MEETS SUBDUED DEMAND" - VDKI
 Coal Outlook 2015 – International
Regarding the outlook for global coal trading, two questions arise: firstly, “ whether the years of growth might now be over” and secondly “ whether the low prices have now bottomed out and are set to develop into a renewed upward trend” - German Coal Importer Association.
According to German Coal Importer Association, the forecasts for the global economy are showing an upward trend for 2015 with anticipated growth of 3.5% in gross domestic product globally, 3.1% in the USA and 1.3% in the Eurozone. As there is a correlation between demand for hard coal and economic growth, the conditions for an upward trend would appear to be present.
According to an estimate by the IEA, demand for coal in the years ahead is going to increase globally by an average of 2.1% per year. In absolute figures, that means an increase in demand from 8,247m tonnes in 2015 to 9,018m tonnes in 2019. The highest level of demand for additional quantities of coal will be shown by China with +661m tonnes and India with +251m tonnes in the five-year period. This means that by 2019, India will have overtaken the United States as a consumer of coal. The pace of growth will then slow down further – from annual growth of 5.3% in the period from 2005 to 2010 to a growth rate still at 2.1% in the period from 2015 to 2019. The lion's share of this growth will take place in the non-OECD states with growth rates of 3% per year.
The association further noted that, the reality is very close to the forecast: preliminary calculations by the VDKi for the first three months of 2015 indicate that the seaborne world market rose by just under 3% (8m tonnes) in comparison with the same period last year. Indonesia (+4m tonnes), Australia (+5m tonnes) and Colombia (+6m tonnes) increased their exports particularly strongly, while the USA (-5m tonnes) and Vietnam (-2m tonnes) cut back their exports. The other countries remained at their 2014 level.
Europe, on the other hand, has an oversupply of steam coal. This situation is accentuated by the further expansion of renewable, particularly in Germany and the UK, which will further reduce the peak use hours and therefore the demand for coal in the hard coal-fired power plants.
Despite these positive figures, the price developments can only be described, succinctly as "oversupply meets subdued demand".
According to presentation of VDKi, the development whereby a global oversupply of coal meets an insufficient increase in demand since 2011 continued in 2014. The pressure on prices consequently persisted in 2014 as well. In the period from January 2014 until today alone (10.7.2015), the prices for steam coal FOB Colombia declined from 72 US$/t to 52 US$/t, i.e. by approximately 30%.
Demand for steam coal in the Atlantic region has likewise remained rather weak between January and the present day. Accordingly, the further development of the price for steam coal will depend largely on the development of the Asian markets in particular, which in turn depend on the needs of China and India. Our research indicates that demand has fallen most markedly in China, while it has increased modestly in India.
All in all, we do not expect to see a significant increase in coal prices in the near future, German Coal Importer Association concluded in its presentation.
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Wednesday, 05 August 15
COAL CONSUMPTION POSTED THE STRONGEST GROWTH AMONG THE FOSSIL ENERGY SOURCES IN 2014 - VDKI
Coal 2014: again the world's fastest-growing primary energy source and an indispensable asset for the success of the energy turnaround.
Ac ...
Wednesday, 05 August 15
FOB INDONESIA THERMAL COAL SWAPS FALL
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 $ ...
Wednesday, 05 August 15
DRY BULKER PRICES START TO FIRM UP AS MARKET SENTIMENT IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Market pessimism in the dry bulk industry, a trend which had established itself over the course of the year, has started to fade away over the past ...
Tuesday, 04 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO FALL DUE TO SLIDING DEMAND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Tuesday, 04 August 15
SHIPPING CYCLES - A CHESS GAME YOU DON'T WANT TO LOSE - CLARKSONS
Ingmar Bergman’s classic movie The Seventh Seal is about a knight who, during the Black Death, challenges Death to a chess match, in the hope ...
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- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
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- Economic Council, Georgia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- The University of Queensland
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
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