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Wednesday, 27 January 16
WORLD HARD COAL PRODUCTION AND CONSUMPTION DECLINE IN 2015 FOR THE FIRST TIME IN OVER A DECADE - VDKI
 COALspot.com: Seaborne hard coal trade and the changes in this area were decisively affected by China and India - VDKi.
China bears the greatest responsibility for the decline; it reduced its coal imports by 73 million tonnes (over 30%) in support of its own coal mining industry. When the import duty of 6% on steam coal comes to an end in February 2016 because of the entry into force of the trade treaty with China, however, the export situation might brighten, at least for Australia, said German Coal Importers Association (VDKi) in its latest press release.
According to German Coal Importer Association (VDKi), the production of hard coal (coking coal and steam coal), reported as steady for more than a decade, has presumably not only come to a standstill, but is in fact declining for the first time.
The VDKi estimates that worldwide production decreased by about 150 million to 200 million tonnes to 7 billion tonnes and that the seaborne hard coal trade fell by 50 million tonnes to 1.12 billion tonnes.
- Output fell by 110 million tonnes in China and by 70 million tonnes in the USA.
- Australia and India were able to maintain respectively even increase significantly the level of production of steam coal.
- Indonesia was unable, for many different reasons, to continue the increase in the production of steam coal of previous years; instead, the output of hard coal and lignite was reduced by 11% to 408 million tonnes.
VDKi further noted that, a significant shifts are also becoming apparent within the exporting countries:
- Australia was able to maintain its exports of 386 million tonnes at a level comparable to the previous year while South Africa stayed at 76 million tonnes in exports. Russia raised its exports by 7 million tonnes (5%) to 150 million tonnes, and Colombia increased its exports by 2.5 million tonnes to 79 million tonnes. The devaluation of the Russian ruble and the Colombian peso played a supportive role here.
- On the other hand, preliminary figures of the VDKi showed that Indonesia reduced exports by 32 million tonnes to 325 million tonnes and the USA lowered its exports by 17 million tonnes (20%) to about 65 million tonnes.
With the exception of a short period of relief, VDKi says, the world market prices for hard coal continued their slide of the last five years.
Their high point of the last year was in February 2015, when prices for steam coal posted a little over US$63 per tonne CIF ARA, and the low point (for the moment) was in December (just under US$50). In the middle of December one year before, a tonne of steam coal cost US$72, about 30% more than today.
Prices for deliveries in February and March 2016 are already under US$50, the downward trend has continued in this year, concluded German Coal Importer Association
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Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...
Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply
EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the prev ...
Wednesday, 09 March 16
RI MAY HAVE TO IMPORT COAL FOR FUTURE POWER PLANTS: STUDY - THE JAKARTA POST
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a stud ...
Tuesday, 08 March 16
INDONESIA HIKES COAL BENCHMARK PRICE FOR THE FIRST TIME IN 12 MONTHS
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016, but up slightly in Mar ...
Tuesday, 08 March 16
THE DRY CARGO MARKET ENDURED ONE OF ITS MOST DIFFICULT YEARS IN 2015, EXPERIENCING LOWS NOT SEEN SINCE THE MID 1980S - CLARKSONS
Whilst shipping and offshore markets have seen some good opportunities during 2015, overall there have been unprecedented challenges, so we are ver ...
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- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- The University of Queensland
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
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