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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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- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
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