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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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Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
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- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
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- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
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- Ministry of Finance - Indonesia
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- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
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- Simpson Spence & Young - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Ministry of Transport, Egypt
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- Videocon Industries ltd - India
- Economic Council, Georgia
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- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
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- Australian Commodity Traders Exchange
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- Bayan Resources Tbk. - Indonesia
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- Dalmia Cement Bharat India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
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- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
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- The Treasury - Australian Government
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- Electricity Authority, New Zealand
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- Parliament of New Zealand
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- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
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- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- The University of Queensland
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
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- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
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- Madhucon Powers Ltd - India
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- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
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- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
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