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Wednesday, 04 March 20
CHINA IMPORTED 76.8 MLN TONNES OF CRUDE OIL FOR JANUARY & FEBRUARY 2020; UP 3.4% YOY - REFINITIV | BC
 The COVID-19 crisis has been gripping China already for almost two months now. It’s having a huge negative impact on the economy, and this is starting to show also in the trade figures.
In the first 2 months of 2020, China imported 76.8 mln tonnes of crude oil by sea, according to vessel tracking data from Refinitiv. This represents an increase of +3.4% y-o-y, compared to the 74.2 mln tonnes imported in the same two-month period of 2019. On a single-month basis, January showed a +2.5% year-on-year increase to 41.4 mln tonnes, whilst February showed a +4.6% increase year-on-year to 35.4 mln tonnes.
However, single month comparisons are misleading due to the shifting date of the Chinese New Year (which were in February last year but in January this year) – hence it makes more sense to look at the two months combined.
Whilst the data still shows positive growth in imports of +3.4% in the first two months of this year, this is a significant slowdown from the +18.6% growth seen in the same period last year, and also from the +5.2% y-o-y growth posted in 2018.
We now expect even more disappointing figures in March. During February 2020, sailings from the Arabian Gulf towards China were down almost by 10% year-on-year. Looking back at last year, China’s total seaborne imports of crude oil reached 447.6 mln tonnes in the 12 months of 2019, according to vessel tracking data from Refinitiv.
This represents an increase of +9.8% year-on-year, compared to the 407.7 mln tonnes imported in the whole of 2018. Last year, 47 percent of all crude shipments to China were sourced from the Arabian Gulf. Imports from Saudi Arabia increased by +47.5% year-on-year in 2019 to 77.9 mln tonnes. Saudi Arabia by itself accounts for 17% of all crude importsto China last year. Shipments from Iraq to China increased by +20.7% year-on-year in 2019 to 49.8 mln tonnes. Iraq accounts for 11% of China’s crude import volumes. Imports from Kuwait decreased by -4.4% y-o-y to 21.9 mln tonnes, however shipments from the UAE increased by +9.8% to 13.5 y-o-y. The biggest fall, of course, was from Iran ; volumes went down by -53.5% y-o-y to just 15.1 mln tonnes, down from 32.6 mln tonnes in 2018. Imports from Venezuela fell by -23.5% y-o-y in 2019 to just 10.4 mln tonnes. This however was more than compensated by a +39.9% increase in shipments from Brazil to 34.9 mln tonnes.
Shipments from West Africa to China increased by +6.2% in 2019 to 74.2 mln tonnes. West Africa accounted for 17% of all crude imports to China last year. The largest African exporter was Angola, with 44.7 mln tonnes, +0.9% y-o-y. Exports from Gabon almost doubled in 2019 to 6.9 mln tonnes, from 3.6 mln tonnes in 2018. Volumes from the Republic of Congo went down -12.0% to 11.7 mln tonnes, but from Nigeria almost trebled to 2.1 mln tonnes. Seaborne exports from Russia to China increased by +14.8 year-onyear to 29.4 mln tonnes. Naturally, the vast majority, 23.5 mln tonnes, came from Kozmino in Far East Russia, and 1.8 mln tonnes from Sakhalin. However, 2.9 mln tonnes were shipped all the way from Novorossiysk, and 0.6 mln tonnes from Primorsk! Volumes from the USA, unsurprisingly, crashed by -56.5% y-o-y to just 5.3 mln tonnes in 2019.
Source: Banchero Costa
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Thursday, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
Thursday, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...
Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE
The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...
Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...
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- The University of Queensland
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
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