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Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
 One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade grew by less than 2% in 2015, the slowest pace since 2009, with trends in China pivotal. After the emergence of plenty of disappointing demand-side data last year, what do the indicators of Chinese trade so far in 2016 reveal?
A Surprising Start?
It’s a vital question. Chinese seaborne imports reached a massive 2.1 billion tonnes last year, accounting for 20% of global imports. But in 2015, growth in Chinese imports eased to just 1%, from an average of 9% p.a. in 2011-14. However, data for the first quarter of 2016 provides some pleasant surprises. After slowing for four consecutive years, growth in Chinese seaborne imports in tonnes appears to have picked up pace in Q1 2016, increasing by 6% y-o-y.
Picking Up Speed
Iron ore trade, which last year accounted for 45% of total Chinese imports, has driven much of this growth. Iron ore imports had a strong Q1 2016, rising by 7% y-o-y to 239mt. This was supported by restocking of iron ore inventories in line with improved steel demand and prices in recent months, following government support for infrastructure projects. This has been despite total steel production continuing to contract y-o-y, by 4% in Q1. Meanwhile, Chinese coal imports appear to have stabilised recently, following a sharp fall in 1H 2015, and the pace of decline in imports in Q1 2016 eased to 6% y-o-y. Growth in China’s minor bulk imports also improved marginally in Q1.
Some improvements have also been apparent outside of the dry bulk sector. Expansion in China’s crude oil imports has accelerated, with imports up 14% y-o-y in Q1 to 84mt, following robust growth of 9% in 2015. Imports have been boosted further this year by the liberalisation of the crude oil import market, opening up imports to independent refiners. And although Chinese gas demand came under pressure in 2015 from weaker industrial use, recent cuts to domestic gas prices have supported demand and LNG imports grew 17% y-o-y in Q1 2016 to 6mt.
Mixed Results
Meanwhile, indicators of Chinese exports remain mixed. Container trade on the key Far East-Europe route grew slightly in Q1, after falling 4% in 2015; the impact of adjustments to European inventories and falling Russian demand is likely to moderate this year. However, growth in China’s steel products exports has slowed, partly reflecting greater domestic steel demand.
A Question Of Endurance?
Overall, it would still be fair to say that the seaborne demand environment is still highly challenging, and that volatility clouds the picture in China and elsewhere. Moreover, questions remain over the sustainability of recent developments in some of China’s industrial sectors, and major obstacles to trade volume growth clearly remain. Nevertheless, there are some areas where improved Chinese volume growth has provided a nice surprise so far this year. Against a troubled background, shipping market players will hope these trends at least have a little mileage. Have a nice day.
Source: Clarksons
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Tuesday, 26 April 16
INDONESIA BANNED COAL EXPORTS TO PHILIPPINES BY BARGES DUE TO SECURITY CONCERN
COALspot.com: The Ministry of Energy and Mineral Resources (ESDM) on behalf of the government of Indonesia has Freeze coal exports by barges to Phi ...
Tuesday, 26 April 16
NEWBUILDING DEMAND DOWN EVERYWHERE? - CLARKSONS
Newbuild activity provides one indication of an owner country’s likely future fleet growth, though secondhand sale and purchase and demolitio ...
Monday, 25 April 16
CHINESE STEEL PRICE SURGE NOT SUSTAINABLE - FITCH
The rapid increase in Chinese steel prices so far this year is not sustainable, as it is largely due to a seasonal pick-up in construction and elev ...
Monday, 25 April 16
WEEKLY CS (I) COAL INDICES END ALMOST FLAT
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.05 percent week over week to averaging $38.67 per ton on this past Friday, acco ...
Monday, 25 April 16
BALTIC DRY INDEX ENDS WEEK ON A POSITIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
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- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Planning Commission, India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
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