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Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
 Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording positive y-o-y growth in March. The recent improvement has partly been supported by a reduction in domestic coal supply, and increased domestic coal prices, but can this slightly more positive momentum in
Chinese imports be sustained?
Domestic Coal Dominated
Chinese seaborne coal imports started to surge back in 2009, and China rapidly became the world’s largest coal importer, with imports topping 300mt in 2013. While this volume accounted for 24% of global seaborne coal trade, it only represented 7% of China’s total coal use, with the rest accounted for by domestic supply. Growth in imports was partly driven by higher domestic coal prices, which also led to firm expansion in Chinese coal production capacity during this period.
Slow Burner?
In the last ten years China has added an average of 320mtpa of new coal production capacity. While estimated 1.1bt of less efficient capacity was removed in 2006-15 (based on available reports), total coal production capacity still registered a net increase of around 3.0bt over the last ten years. Meanwhile, in 2012 the pace of growth in Chinese coal consumption started to slow, and coal use fell 4% in both 2014 and 2015, exerting pressure on domestic coal prices and reducing the price advantage of imported coal over domestic material. This, combined with environmental measures, limited demand for imported coal, and Chinese seaborne coal imports fell sharply by 11% in 2014, and 30% in 2015 to total 188mt last year.
Supply Slice
However, the recent focus on ‘supply-side’ reform in China’s industrial sector has led to a further drop in coal production this year, with output down 3% y-o-y in the first two months of 2016. This has contributed to an increase in domestic coal prices in recent months, and seaborne coal imports in March grew y-o-y for the first time in almost two years, rising 3%, with total imports in Q1 down 6%.
Capacity Challenges
Looking ahead, China aims to cut a further 0.5-1.0bt of coal production capacity between 2016 and 2020, and has halted new coal mine approvals for the next three years. While this may help reduce total production capacity, a significant volume of the 5.7bt of capacity is current idled or producing at a slower rate. A general improvement in domestic coal prices could lead to increased production from these mines, potentially offsetting the impact of further capacity closures.
So, oversupply in the coal sector is unlikely to be resolved rapidly. The domestic coal market has improved slightly in recent months, but given that imports account for a small share of China’s coal use, the balance between domestic output and consumption is likely to lead to short-term volatility in imports. Nevertheless, with coal consumption not expected to pick up significantly in coming years, partly reflecting a greater environmental focus, for now the most likely scenario is that pressure on imports will remain into the longer-term.
Source: Clarksons
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Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
Wednesday, 27 April 16
INDONESIAN COAL MINER KIDECO REPORTED NET PROFIT OF US$138.1 MILLION IN 2015
COALspot.com: Kideco Jaya Agung, one of the Indonesia's leading coal miners has reported net profit of US$138.1 million on revenue of US$1.65 b ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- The University of Queensland
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Planning Commission, India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
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