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Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
 Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 months of 2020, Brazil exported 238.7 mln tonnes of iron ore by sea, according to vessel tracking data from Refinitiv. This represents a net decline of -4.9% y-o-y compared to the 250.9 mln tonnes exported in the same period of 2019, and is also -15.9% lower than the 283.8 mln tonnes exported in Jan-Sep 2018, Banchero Costa said in its latest weekly report.
However, the report noted that, this is a much better result than what could have been expected at the start of the year.
In January 2020, when China was starting to be hit by the pandemic, Brazil managed to ship out just 20.8 mln tonnes of iron ore. This was a whopping -26.6% less than in December 2019, and -30.8% down on a year-on-year basis. In the whole of the first quarter of 2020, Brazil exported 65.0 mln tonnes of iron ore, which was a disappointing -17.2% decline on the same period last year. At the time, most people thought that things could go even worse, what with all the lockdowns and terrible forecasts for the economy.
However, Accordin to the report, January proved to be the low point of the year. In April-June 2020, ore exports increased to 77.9 mln tonnes, which was +19.9% more than in the first quarter of the year, and actually up +1.4% year-on-year but only due to the low base of a disastrous second quarter last year, which was heavily impacted by the Brumadinho dam disaster. Things were even better in the third quarter of 2020. In the July- September period, Brazil exported 95.9 mln tonnes of iron ore, which was a strong +23.1% more than in the second quarter, and also +0.2% more than in 3Q2019. In terms of trading patters, China is emerging as even more dominating than it already was.
Banchero Costa report further noted, direct shipments to China remained by far the top destination this year, accounting for 66.9% of Brazil’s iron ore exports in Jan-Sep 2020. This is up from a 61.2% share in the same period last year. Total direct volumes to China increased by +3.9% y-o-y in Jan- Sep 2020 to 159.6 mln tonnes. Shipments to Malaysia (essentially Vale’s transhipment facilities) decreased sharply though, by -29.9% y-o-y to 11.6 mln tonnes.
Malaysia was the destination of 4.9% of iron ore shipments from Brazil so far this year. From Malaysia, 8.3 mln tonnes were then shipped onwards to China (70%), and 2.6 mln tonnes to Vietnam (22%), with most of the rest to Indonesia (4%). Volumes also declined from Brazil to Japan, by -33.4% y-o-y to 5.3 mln tonnes, and to South Korea by -21.3% y-o-y to 4.3 mln tonnes.
Direct shipments to Japan now account for 2.2% of Brazil’s total iron ore exports, whilst those to South Korea account for 1.8%. Shipments from Brazil to the EU (excluding the UK) dropped by a sharp -45.0% y-o-y this year.
The European Union accounted for 5.5% of Brazil’s iron ore shipments. Exports to the GCC countries (primarily pelletising plants in Oman and Bahrain) declined by -26.1% y-o-y in Jan-Sep 2020.
The GCC accounted for 4.3% of Brazil’s exports this year. Finally, shipments to Turkey increased marginally by +2.1% y-o- y to 3.7 mln tonnes.
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Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds
The decision by Ch ...
Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
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- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
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