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Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are being re-routed to other Asian countries open for business; but at lower prices. Traders have complained that custom clearances times are dramatically up on the Chinese ports, taking on average 45 days to offload, compared to 10-12 days earlier with volumes limited to a few thousands of tons. What appears to be a Chinese indirect restriction on Australian coal in particular—Australia being second biggest exporter of coal to China—the Australian dollar dropped by 1 percent following news of the apparent ban with prices under pressure in the overall market. Too bad for coal miners, but great news for coal importers.
According to a Reuters report, Australian Thermal Coal price per ton was $92.53 the past week, down from prior week’s $95.18. In the week of Feb 17, 2019 last month, the price was $89.46 at a 19-month low. Month-end data of Feb-19 shows that coal prices are down 10 percent since this month last year, and by 19 percent since Aug-18. Though some mysterious Chinese sources have told the media that
China has put a cap on Australian coking coal and thermal coal imports which in 2018 stood at 39 million tons and 49 million tons respectively—both over 20 percent of Australian global exports in the commodities. Meanwhile, there are no such barriers on Indonesian or Russian coal. Analysts believe the ban may be politically inclined (Australian government has recently put a ban on Huawei from building a 5G network) but Chinese official word is that the policy is targeting “environmental protection”, not any particular country.
According to officials, China is running safety and quality checks—which include radioactivity tests—at the ports which is causing the delays. This is apparently to safeguard the environment and coal importers in the country, though it doesn’t make sense why coal from other countries are getting a free pass. In fact, analysts believe this move is simply to safeguard the interests of domestic Chinese coal miners who are battling Australian imports which are preferred in the market due to their higher productivity. The move may even backfire since importers will be racing to the doors of other higher-grade coal producers like Indonesia.
It has been argued by Wood Mackenzie’s Research Director to the Financial Review that a prolonged ban may have adverse implications. It could raise Chinese steel makers’ prices since they will be using domestic coal whereas excess volumes of Australian coal will flood the markets that would depress coal prices. However, the restriction is limited to a few ports so far. According to Refinitiv, the financial markets arm of Reuters, the pricing is not indicative of a massive slowdown in China’s coal imports. There aren’t dramatic changes in volumes either, though the speed of vessel offloading in March may be foretelling a challenging future.
Source: Business Recorder
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Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...
Sunday, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize
The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...
Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...
Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...
Friday, 17 May 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
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