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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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Monday, 08 April 19
CHEAP COAL SWELLS IN SOUTHEAST ASIA, FOILING GLOBAL GREEN PUSH - NIKKEI
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel unde ...
Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that ...
Monday, 08 April 19
INDONESIAN COAL PRICE REFERENCE PRICE PLUMMETS TO LOW NOT SEEN SINCE AUGUST 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Sunday, 07 April 19
SHIP PASSAGE PLANS - NO ROOM FOR ERROR! - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The English High Court’s judgment in Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM Libra) is an impo ...
Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
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- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
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