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Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
 COALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its latest presentation released recentenly. According to VDKi, the modest increase of 1.2% or 19m tonnes occurred mainly in Asia (+ 1.4%) and in the Middle East (+ 7.7%). Production was not increased in Europe or North America either, while it was reduced in Russia, South America and Australia. The pig iron production that is so significant for coking coal, PCI coal and coke consumption increased by only 13m tonnes, or 1%, to 1.18bn tonnes.
German Coal Importer Association further noted that, the supplier structure on the seaborne coking coal world market, which in 2014 grew by 30m tonnes to a total of 309m tonnes, has not changed significantly. While Australia's market share has increased in absolute terms by 15m tonnes, in relative terms it has now fallen by one percentage point to 60%. The USA and Canada, by way of contrast, lost market shares and now jointly account for 27% of the market. Russia managed to double its share to 10%.
“ Worldwide coke production is stagnating at around 682m tonnes. The world coke market, on the other hand, is only a very small market with 19m tonnes and a share of 2.8% in worldwide coke production”, German Coal Importer Association.
Prices
Commenting on prices of coking coal, VDKi noted that, the downward trend in coking coal prices persisted in 2014. As a result of low growth in demand, accompanied by a significant increase in supply and the insufficient decommissioning of mines around the world, both coking coal and coke prices decreased in 2014. While prices of between 127 and 132 US$/t were still being paid for coking coal at the beginning of 2014, this price fell to below 113 US$/t by mid-2014 and remained steady there within a fluctuation range of 110-113 US$/t until the end of 2014. Any belief that the market had bottomed out, however, was crushed at the beginning of 2015, when prices again came under pressure and fell to 100-102 US$/t up until March. The main reason for this is the reduced production of iron and steel around the world.
The Association further said that, the price for a tonne of coke FOB China fell along with the coking coal prices and amounted to some 240 US$/t at the beginning of 2014. In the further course of the first half-year of 2014 the price was fluctuating between 195 US$/t and 237 US$/t and then falling continuously again in the second half of 2014 until it reached 178 US$/t.
German Coal Importer Association also said that, the Germany imported 11.8m tonnes of coking coal in 2014, 15% more than in 2013 (10.2m tonnes). The main supplier countries for Germany are Australia, the USA and Canada.
Freight rates
Association also analysed on trend of freight in 2014 and commented that, this is another market characterised by overcapacities and low prices. In 2014, the Baltic Dry Index (BDI), which is calculated from the indices of the four ship groups Capesize, Panamax, Supramax and Handysize, again surrendered the slight recovery that it had made in 2013 with 1,206 points. By April last year, the BDI had fallen to below 1,000 points and in the second half of the year it reached its all-time low of 723 points.
The reasons for the persistent weakness of the freight market are overcapacities in freight space without any commensurate increases in demand, and a shift of ore and coal imports to the Pacific (in other words Australia) instead of the Atlantic (in other words Brazil for iron ore, the USA and Canada for coking coal) with correspondingly shorter routes. Aside from divergences at short notice caused by seasonal factors, the weekly freight rates for the route Colombia - ARA fluctuated within a range from 6-14 US$/t.
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Monday, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will su ...
Sunday, 23 August 15
SHIPPING FREIGHT RATES FALL SHARPLY ON EXCESS SUPPLY AND LOW DEMAND
COALspot.com: The BDI continued to soften and was down 5.78 pct and falls back below 1000 points this week.
The cape Index lost 17.25 per cent ...
Friday, 21 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION VOLUME FALLS 8.7% Y-O-Y
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.3 million shor ...
Friday, 21 August 15
GLOBALCOAL TO LAUNCH ONLINE TRADING OF PHYSICAL MET COAL ON 13 OCTOBER
On 13 October 2015, globalCOAL will launch an online platform for the physical procurement and trade of high quality hard coking coal delivered FOB ...
Thursday, 20 August 15
COAL PRICES FALL TO 12-YEAR LOWS AS CHINA, INDIA JOIN DEMAND SLOWDOWN - REUTERS
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China which until rec ...
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- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
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