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.
|
|
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
|
|
|
Showing 106 to 110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
|
| |
| |
|
