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Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
 China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, countering earlier expectations that shipments would be capped by Beijing at the same level as 2018.
China’s coal imports have already surged 9.5% in the first nine months of 2019 to 250.57 million tonnes, customs data shows, and at least 18.84 million tonnes of seaborne coal are due to arrive this month, according to vessel-tracking and port data compiled by Refinitiv.
With China typically bringing in about 7 million tonnes more a month on trucks and trains from Mongolia and Russia, total volumes are likely to reach 276 million tonnes well before the end of the year.
Last year’s total was 281.23 million tonnes.
“Signs are emerging of a modest recovery in coal import volumes into China, which has led to recent market speculation that the Chinese government may allow a relatively modest uplift in annual imports to around 300 million tonnes,” said Whitehaven Coal Ltd, Australia’s largest independent coal producer, in a note on Tuesday.
Energy consultancy IHS Markit expects that China may bring in around 320 million tonnes of coal this year.
Some Singapore-based coal traders forecast Chinese coal imports could reach at least 305 million tonnes.
The rise in imports comes even after Beijing has pledged to curb coal use to tackle persistent severe pollution in the world’s top energy market.
Last year it took drastic measures to cap its shipments, halting all clearance of coal cargoes at major ports in December, which sent imports plunging to just 10 million tonnes that month, down from an average monthly level of 22 million tonnes.
“Government priority at this moment is to boost the economy … Relaxing coal imports curb would help maintain a moderate coal price and therefore cut electricity prices in order to reduce energy costs for Chinese enterprises,” said Liu Xiaomin, analyst at IHS Markit in Beijing.
Analysts and traders warned that the customs authorities could still take such action however, and said they are closely watching for any change in import policy.
“The market is full of uncertainties at this moment. We have to wait until at least the end of October to see if a new policy will come out,” said a Beijing-based coal trader with a leading German power company.
IHS Markit’s Liu also warned the import policy may be adjusted anytime based on coal prices and the economic situation in China.
Still, buyers have not slowed their purchases, thanks to a large spread between domestic and imported coal prices and increasing demand for the fuel ahead of northern China’s heating season that kicks off next month, said three other traders with major power utilities and trading houses.
Port prices for Chinese thermal coal with energy content of 5,500 kilocalories per kilogramme (Kcal) were around 575 yuan ($81.25) a tonne on Monday, while Australian coal of the same quality was sold at $53 a tonne FOB.
Source: Reuters
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Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
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 ...
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- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- PTC India Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
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