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Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
 China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production rising to a record and overall demand nearing a plateau, miners from top exporters such as Indonesia and Australia will find themselves squeezed.
China’s coal imports have raced ahead in 2019, surprising many who had predicted that the government would strictly clamp down on shipments in the later months just as it did in 2018. With economic growth at its weakest in decades amid a trade war with the U.S., import curbs were eased on the nation’s most-consumed fuel to help mitigate the pain of a slowdown.
Beijing regularly limits coal imports to buttress domestic miners amid a broader campaign to reduce the nation’s reliance on the fuel. Underpinning forecasts for lower imports in 2020 is the outlook for rising domestic supply as China promotes bigger and more efficient mining operations.
“New supply will create a coal glut,” said Michelle Leung, an analyst with Bloomberg Intelligence. That’s likely to cut China’s net imports by 8% in 2020 and hurt profitability of miners in Australia and Indonesia, she added.
China bought 299 million tons of coal for power and steel in the first 11 months, 10% higher than year-ago levels and a record for the period. It’s on course to exceed a 200 million- to 300 million-ton range touted by an industry official as necessary to support domestic miners and maintain balanced trade with exporting nations.
With more local supply to come in 2020, Chinese import controls will be a lasting feature and lead to a 25 million-ton drop in thermal coal purchases next year, Morgan Stanley estimates. The cutback will offset demand growth elsewhere in Asia, and seaborne prices may extend a slump to average $66 a ton from about $79 in 2019, the bank said.
For a country that burns and produces half the world’s coal, the strength of China’s import curbs may vary depending on the government’s competing priorities of protecting domestic miners and power plants. Utilities will face added pressure from January when market reforms are expected to result in lower electricity prices, which may hit their bottom line.
“The government wants to boost the economy any way it can, and a good way to do that is to let generators get the cheapest coal,” said James Stevenson, global director for coal research at IHS Markit Ltd. “At the same time, it doesn’t want imported coal risking domestic mining jobs.”
Market Revamp
Zeng Hao, an analyst at Fenwei Energy Information Services Co., is among the few expecting China to further relax its grip on coal imports in 2020 as policy makers would be disinclined to intervene in “market-based activity” amid the slowing economy, he said.
Economists surveyed by Bloomberg this month expect China’s top leadership to set the target for economic growth at “about 6%” for 2020, which implies a continuation of the growth slowdown. The goal for this year is 6% to 6.5%.
Given the oversupply in China’s coal market, domestic prices are likely to remain at low levels next year, said Zhai Yu, a senior consultant at Wood Mackenzie Ltd. based in Beijing. That will reduce the attractiveness of overseas cargoes.
Spot coal at the main Qinhuangdao port is at a three-year low of 543 yuan a ton. A slide toward 500 yuan could motivate the government to step up restrictions on imports, he said.
Source: Bloomberg
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Thursday, 09 January 20
SUPRAMAX: A NUMBER OF INDONESIAN ROUND TRIPS WERE REPORTED AT BELLOW USD 5,000 PD LEVELS - FEARNLEYS
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Wednesday, 08 January 20
VINACOMIN SETS TO SELL 49 MILLION TONNES OF COAL IN 2020 - VIETNAM NET
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-y ...
Wednesday, 08 January 20
CHINA'S COAL-RICH PROVINCE CUTS 18.95 MLN TONNES OF CAPACITY IN 2019 - XINHUA
North China’s Shanxi Province reduced its coal production capacity by 18.95 million tonnes by closing 18 coal mines in 2019.
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Wednesday, 08 January 20
JANUARY INDONESIAN COAL PRICE REFERENCE SLIPS US$ 0.37 MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
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