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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, 02 January 20
SULPHUR 2020 COMPENDIUM - HOW ARE INDIVIDUAL PORT STATES EXPECTED TO REACT? - STANDARD CLUB
KNOWLEDGE TO ELEVATE
With the new sulphur limits soon to be in force, Standard Club has been investigating the ways in which certain jurisdict ...
Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
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Showing 1216 to 1220 news of total 6871 |
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- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
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