We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
 The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growth outlook at risk. The full scale and impact of the outbreak remain to be seen, but it is certainly an unwelcome new wildcard for bulks demand. So, what is the potential impact on steel, iron ore, metallurgical and thermal coal?
This article includes key points from the insight ‘Coronavirus: assessing the impacts on bulks’. Fill in the form on this page for a complimentary copy of the full insight.
What is already clear is that the coronavirus outbreak threatens an otherwise positive near-term outlook. A solid end to the year meant China’s economy secured annual growth of 6.1% in 2019. Metals demand was also showing signs of improvement – mainly on the back of accelerated Industrial Production (IP) and Purchasing Managers Index (PMI) indicators in November and December, an uptick of auto production in December, and a recovery in property completions across Q4.
China’s Phase One trade deal with the US also fuelled expectations that its macroeconomy would remain robust in H1 2020. The coronavirus outbreak has put this outlook at risk.
Steel demand will be affected
Consumer activity in China has been hit by the extended holiday period, transport bans and quarantines. The restrictions on the workforce have also delayed the restart of some construction projects – and as construction accounts for two-thirds of Chinese steel demand the implications are stark. Crude steel and hot metal demand – previously set to grow this year – are now facing a year-on-year decline.
China has felt the impact of a virus outbreak before. In 2003, SARS slowed construction activities, delayed the springtime peak for steel demand and put pressure on rebar prices.
But what can we really learn from the experience of the SARS epidemic? And how could steel be affected this time around? Fill in the form to read the full complimentary insight.
How is the coronavirus outbreak affecting bulks?
Metallurgical coal
The direct impact on metallurgical coal imports has been relatively muted. Production at coastal mills is strong and we don’t expect the outbreak to drive a significant change in import trends – the high availability of stocks from the customs clearance delays in 2019 currently has a bigger influence.
In the very near term, the extended holiday period has meant that the impact on domestic metallurgical coal supply is greater than the impact on demand. Resultant coal shortages are pushing prices higher.
However, an inevitable decline in steel demand will affect steel prices and margins. Lower steel margins will ultimately impact on metallurgical coal markets. We expect metallurgical coal demand between March and May to be lower than it would have been as a result.
Iron ore
We expect a relatively low impact on iron ore demand. Chinese blast furnace (BF) and basic oxygen furnace (BOF) steel production should remain resilient, with most large integrated operations continuing to operate, if at a reduced rate. Iron ore prices have taken a hit, driven by uncertainty and a lack of volume during the holiday period.
Read the full insight for more on our price forecast, and how slower end-use demand from construction could affect producers.
Thermal coal
Thermal coal demand and domestic production will both be dented by weakening economic and industrial activity. Domestic supply is returning quickly, but demand is slower to recover – potentially leading to an oversupply situation in March. As the largest supplier of coal to China, Indonesia has the most to lose if the situation worsens.
The effect on international prices is likely to be volatile in the very short-term as the outbreak remains an emerging news story. Throughout the year though, the downside risk for prices is muted, given how significantly they fell in 2019 and that many producers are already in a negative margin situation. Market sentiment could certainly drive the price lower, but this would likely be a temporary drop until China’s imports picked up again towards the end of the year.
Source: Wood Mackenzie
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
Tuesday, 24 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.28 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.74 points Monday, down 0.28 percent week on week.
The index, released by Chi ...
Monday, 23 March 20
CHARTERPARTY REQUIREMENTS TO NOTIFY CLAIMS - TAKE CARE! - WFW
KNOWLEDGE TO ELEVATE
Voyage charterparties frequently require the owner to notify any claim with supporting documents within a relatively shor ...
Monday, 23 March 20
COAL INDIA LIMITED'S ONE-DAY OUTPUT PEAKS AT 3.17 MT - THE HINDU
Coal India Limited (CIL) output peaked at a new high of 3.17 million tonnes (MT) on March 20, overtaking the 3.14 MT production recorded on March 2 ...
Monday, 23 March 20
KOMIPO INVITED BIDS FOR 1.45 MILLION TONS OF COAL FOR JUNE & JULY 2020 LOADING
COALspot.com: Korea Midland Power Co.,Ltd (KOMIPO), on behalf of five Korean Gencos, has issued an international tender for total 1,450,000 MT (&pl ...
|
|
|
Showing 1051 to 1055 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
|
| |
| |
|
