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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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Wednesday, 19 August 15
FOB INDONESIA COAL SWAPS CONTINUE FLAT TREND LINE THIS WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and flat week over week, this past week.
The 4Q swap was decli ...
Tuesday, 18 August 15
DRY BULK: MARKETS HAVE CONTINUED TO BE SEVERELY CHALLENGED - CLARKSONS
The dry bulk markets have continued to be severely challenged with freight rates falling during the period to below operating expense. The Baltic D ...
Tuesday, 18 August 15
1Q'16 FOB RICHARDS BAY COAL SWAP FALLS BELOW $54 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Tuesday, 18 August 15
2Q' 16 FOB NEWCASTLE COAL SWAP CLOSED AT $43 PER MT W/E 14 AUGUST
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.08 per MT (-2.46%) month over month to US$ 42.82 per mt. The swap ...
Monday, 17 August 15
TROUBLED DRY BULK MARKET FACES TURMOIL AS CHINESE COAL IMPORTS REMAIN WEAK - BIMCO
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest imp ...
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- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
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