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Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
 South Korea is certainly one of the countries which has handled better the current Covid-19 crisis. In the first week of May 2020, new cases of the virus are down to almost zero, and the country is restarting, with life getting back to “almost” normal. Nevertheless, the effects on the Korean economy have been significant, and this is reflected in the raw material imports this year.
In the first 4 months of 2020, South Korea imported 46.6 mln tonnes of crude oil by sea, according to vessel tracking data from Refinitiv.
This represents a net decline of -14.1% y-o-y, compared to the 54.3 mln tonnes imported in the same four-month period of 2019, although only down -5.3% from the 49.2 mln tonnes imported in the same period of 2018 says Banchero Costa Research in its latest report.
The research report further noted that, on a single-month basis, January 2020 was down -17.0% year-on-year to 11.1 mln tonnes, whilst February 2020 showed a -9.7% y-o-y decline to 12.6 mln tonnes. In March 2020 arrivals decreased again to 11.5 mln tonnes, down -8.5% m-o-m from February, and down -6.7% year-on-year. April 2020 recorded again 11.5 mln tonnes, a modest -0.4% decrease m-o-m from March, but a significant -21.9% y-o-y drop from 14.7 mln tonnes last year.
However, this comparison is quite misleading, as April 2019 was an exceptional month and an all-time record. South Korea is one of the largest consumers of oil in the world, relying almost exclusively on imports as a result of its minimal production.
South Korean crude oil imports rose by +10.6% in 2015 to 137.8 mln tonnes, then +4.4% in 2016 to 143.9 mln t in 2016, before peaking at 151.5 mln t in 2017. Imports in 2018 declined slightly by -0.3% to 151.0 mln t, and then increased anaemically by +0.7% y-o-y to 152.1 mln t in 2019, says the latest report.
Banchero Costa Research report further said, South Korea has always depended heavily on imports from the Middle East, to such an extent that starting from 2014 the government, in order to promote diversification, granted freight incentives to South Korean oil refiners buying crude oil from other regions. Still, in the first 4 months of 2020, as much as 63% of South Korea’s crude imports were shipped from the Arabian Gulf.
Shipments from Saudi Arabia to South Korea decreased by -11.2% y-o-y in Jan-Apr 2020, to 12.1 mln tonnes, from 13.6 mln tonnes in the same period last year. Saudi Arabia accounts now for 26% of South Korea’s total crude imports.
Arrivals from Kuwait also declined by -15.6% y-o-y in Jan-Apr 2020, to 6.1 mln tonnes, from 7.2 mln tonnes in the same period last year. Kuwait accounts for 13% of South Korea’s total crude imports.
Shipments from Iraq to South Korea crashed by -37.6% y-o-y in Jan-Apr 2020, to 4.1 mln t, from 6.5 mln t in the same period last year. Iraq now has a share of 9% of South Korea’s total crude imports.
Washington’s decision to re-impose sanctions against Iran from November 2018 had a huge impact on South Korean crude oil supply patterns. As a result, imports from Iran, at 4.4 mln tonnes in Jan-Apr 2018 and 3.8 mln tonnes in Jan-Apr 2019, came down to zero this year.
Imports from the United States, on the other hand, have surged. They were up +15% y-o-y in Jan-Apr 2020 to 7.0 mln tonnes, from 5.9 mln tonnes in the same period last year, and from just 1.0 mln tonnes in Jan-Apr 2018.
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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlan ...
Friday, 29 May 20
COVID-19: COAL SUPPLY BY CIL TO POWER SECTOR DIPS 22% TO 32 MT IN APRIL DUE TO DEMAND SLUMP - PTI
Over 95% of CIL’s production comes from its 171 open cast mines.
The supply of coal to the power sector by state-owned Coal In ...
Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations woul ...
Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under t ...
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- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
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