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Tuesday, 07 January 20
BHP EYES INDIA FOR COAL GROWTH AS CHINA DEMAND FLATLINES - SYDNEY MORNING HERALD
Australia’s largest miner, BHP, believes the long-term trajectory of the emerging economy of India and the acceleration of its steelmaking output could help offset the flattening demand from China feared in the 2020s.
China’s immense appetite for the steelmaking commodities iron ore and coal – Australia’s two top exports – helped deliver a windfall to the leading miners in 2019 as well as a timely boost to the Morrison government’s federal budget. But the latest industry and government modelling projects Chinese demand to ease in the face of lower margins, a weakening in global growth and the continuing US-China trade war.
Australian exporters of metallurgical coal – the coal used to make steel – are increasingly looking to the rapid growth of India’s steel sector to help to fill the looming demand gap and cushion the blow.
“A lot of other markets are big but mature,” BHP vice-president of market analysis Huw McKay said. “India is big but it’s barely got started.”
Coal exports were expected to feature on the agenda of Prime Minister Scott Morrison’s planned visit to India this month, but the trip was cancelled last week due to the national bushfire disaster. In its December resources report, the federal government said India was expected to become the “key source” of import growth for metallurgical coal, “offsetting a gradual easing in demand from China”.
According to projections from BHP, Indian steelmaking is on course to grow by 7 per cent a year over the 2020s.
With yearly output of more than 100 million tonnes of steel, India recently surpassed Japan to become the world’s second-biggest steelmaking country.
Dr McKay said BHP’s modelling had found China – which accounts for roughly half of global steel demand – was now in a “plateau” phase, while demand in other top steel markets Japan and South Korea was also subdued.
“The mature markets are sort of settling a little bit and India is coming up, filling a gap that would have emerged,” he told The Age and Sydney Morning Herald.
Although India has substantial reserves of iron ore, Indian steelmakers import the bulk of their metallurgical coal due to scarce domestic production. India’s government is forecasting its metallurgical coal demand to more than double in 10 years as the country plans to increase its crude steel production to 300 million tonnes by 2030.
“We don’t think they will get all the way there but they will get most of the way there,” Dr McKay said. “It’s a big, big lift.”
While forecasts of India’s long-term economic trajectory are promising, growth in the past year has been much slower than many had predicted. Observers had anticipated the nation’s economic growth would be strengthened by the re-election of Prime Minister Narendra Modi who demonstrated in his first term a focus on modernising the economy including through a clampdown on corruption, a simplification of the country’s arcane tax system, the introduction of a goods and services tax and making India a serious destination for foreign investment.
“It hasn’t really gone that way,” Dr McKay said. “They won the general election, but the economy is not purring along, it is stuttering.
India’s economy slowed for the sixth quarter in a row in the July-September quarter, with GDP growth dipping to a six-year low of 4.5 per cent.
Source: Sydney Morning Herald
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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
Capesize
The Capesize market has hit new low's in the first week of the new year, with the West Australia route being fixed at USD 6.6 being ...
Wednesday, 08 January 20
WHAT IS BIMCO THINKING ABOUT 2020? - BIMCO
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by ...
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.
A ...
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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- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
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