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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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Friday, 18 September 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
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- PTC India Limited - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Romanian Commodities Exchange
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