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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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Monday, 18 April 16
SOUTH KOREA STATE-OWNED UTILITY KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 70,000 Metric Tons of 4,600 kcal/kg NAR coal for ...
Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. ...
Monday, 18 April 16
CAPESIZE INDEX ROSE 44.66 PER CENT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 15 April 16
PANAMAX MARKET CONTINUES TO FIRM - FEARNLEYS
Cape
It has been a positive freight market for the past few weeks, however, this week the market is taking a small breather, says Fearnleys in it ...
Friday, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
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