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Tuesday, 26 February 19
CHINA RESTRICTS SEABORNE COAL IMPORTS - WOOD MACKENZIE
 In response to news on China's Dalian port restricting seaborne coal imports, Wood Mackenzie's experts provide the following commentary.
Wood Mackenzie senior consultant Yu Zhai said:
"We estimate China's seaborne metallurgical coal imports to reduce by 3 million tonnes (Mt) in 2019 as a result of China's coal import restriction. The high quality of seaborne coal, and difficulties securing alternative coal domestically, should insulate coal exporters from much deeper cuts, despite strong signals from China. Australia would account for most of the volume reduction as it represented over 75% of China's seaborne metallurgical imports in 2018. Australia exported around 36 Mt metallurgical to China last year, makign up 20% of Australia's total exports.
"China's seaborne thermal coal imports is estimated to reduce by 15 Mt in 2019, taking into account the risk of wider coal import restriction. Australia could also be most affected by a similar restriction."
On implications on metallurgical coal, Wood Mackenzie's research director Robin Griffin said:
"A prolonged China-wide ban could have enormous implications for markets in both countries. The possibility of adverse impacts on China suggest a long term ban is unlikely."
Some of the most prominent impacts could include:
- Chinese domestic prices would spike. Prices for low sulphur premium coals in particular would rise as importers scramble to replace Australian coals. We expect that short term replacements will be hard to find domestically. There is a heavy reliance among coastal mills on low sulphur hard coking coals from Luilin County in Shanxi. There are other similar coals in Anze County but these are typically used inside Shanxi by merchant coke makers due to high transport costs to the coast. As an indication of what might happen during an import ban, domestic coking coal futures jumped at the end of January on the news of import controls. Chinese steel makers would ultimately see much costlier coke blends.
- Seaborne prices would decouple from Chinese domestic prices. We expect FOB Australian prices, particularly for premium and 2nd tier HCCs, would come under severe pressure as Australian exporters look to sell excess coal into other markets. The decoupling would be of most benefit to steel makers elsewhere in Asia, and Europe, who would see a fall in coal costs. Australia's competitors in the metallurgical coal trade might see greater opportunities into China, but Canada and the US are already subject to some quality and tariff-related restrictions into China, limiting their potential upside. And of course, lower seaborne prices would offset the benefit of any extra demand from China.
- Mongolian coal imports could rise substantially in order to replace Australian coals. Weaker coals make up the majority of Mongolian exports so in the short term direct replacements for Australian coals would be limited. However, new border crossing technology is being implemented to speed up trucking clearances, which would facilitate higher exports.
- A longer-term ban would force Chinese coastal mills to amend coke blends. There are options for mills to make blend changes, but not without implications. There are two common blends that could be utilised which would result in higher sulphur, higher ash, and lower CSR coke products:
- Use of more high sulphur (1.8% total sulphur) premium HCCs such as Luilin #9, blended with Mongolian 2ndtier HCCs such as the #3 product to produce a tier 1 coke.
- Use of mid-sulphur Shanxi premium HCCs (1-1.3% total sulphur) with low sulphur (0.5% total sulphur) 1/3 coking coals to produce a lower quality, but still a tier 1 coke.
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Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and ener ...
Thursday, 17 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country’s ...
Wednesday, 16 October 19
INDIA CALLS FOR A RESET OF CLIMATE DEBATE ON COAL AS A FUEL - LIVEMINT
India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producer ...
Wednesday, 16 October 19
LESSONS LEARNT FROM CREW INJURED IN HEAVY WEATHER - UK P&I CLUB COMMENTS
KNOWLEDGE TO ELEVATE
Stuart Edmonston, Loss Prevention at UK P&I Club, discusses an incident in which crew were injured whilst on deck in ...
Wednesday, 16 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
In perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with re ...
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Showing 1311 to 1315 news of total 6871 |
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- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Minerals Council of Australia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- CNBM International Corporation - China
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
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