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Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and 2021, significantly outpacing all other commodities which combined grew at an average of just 4.3% per year. So far in 2022, the appetite for bauxite imports has remained high and the price of aluminium has reached its highest level in 14 years.
The Russia-Ukraine war has caused aluminium prices to surpass USD 3,000/tonne for the first time since 2008, which is expected to lead to an increase in domestic aluminium production.
“In the first quarter of 2022, China’s bauxite imports hit record levels, increasing 15.4% y/y. This is in stark contrast to China’s total bulk imports which, excluding bauxite, dropped by 10.5% y/y,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Compared to the last quarter of 2021 bauxite arrivals increased 13.6% and particularly shipments from Guinea drove the increase as they contributed 57% of overall volumes.
“Despite being named for the Guinean port, Kamsarmaxes play only a very small role in the Guinea-China shipments and Capesizes are the main beneficiary of China’s demand for the commodity, carrying a little more than 70% of all volumes,” says Rasmussen.
In the long run, the aluminium supply chain may alter once again, as Guinea’s interim government has challenged international companies mining in the country. The military junta has demanded mining companies to present investment plans for alumina refining plants by May 2022.
“If the government succeeds in establishing large alumina refineries in Guinea, bulk shipping patterns will change. It takes four tonnes of bauxite to produce one tonne of alumina, which would cause a decline in the number of shipments between Guinea and China,” says Rasmussen.
By Chief Shipping Analyst, Niels Rasmussen
Source: BIMCO
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Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
...
Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
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Neyveli Lignite Corporation Ltd, - India
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Riau Bara Harum - Indonesia
Sical Logistics Limited - India
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GMR Energy Limited - India
Therma Luzon, Inc, Philippines
Xindia Steels Limited - India
Metalloyd Limited - United Kingdom
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Videocon Industries ltd - India
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White Energy Company Limited
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Pipit Mutiara Jaya. PT, Indonesia
Ambuja Cements Ltd - India
Ministry of Mines - Canada
Madhucon Powers Ltd - India
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Deloitte Consulting - India
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OPG Power Generation Pvt Ltd - India
Kepco SPC Power Corporation, Philippines
Bayan Resources Tbk. - Indonesia
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Samtan Co., Ltd - South Korea
MS Steel International - UAE
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Sindya Power Generating Company Private Ltd
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Petron Corporation, Philippines
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Siam City Cement PLC, Thailand
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Uttam Galva Steels Limited - India
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Oldendorff Carriers - Singapore
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Indika Energy - Indonesia
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Chettinad Cement Corporation Ltd - India
SMG Consultants - Indonesia
Makarim & Taira - Indonesia
Heidelberg Cement - Germany
Attock Cement Pakistan Limited
Miang Besar Coal Terminal - Indonesia
Krishnapatnam Port Company Ltd. - India
Energy Development Corp, Philippines
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Tata Chemicals Ltd - India
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Asia Pacific Energy Resources Ventures Inc, Philippines
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India Bulls Power Limited - India
Bhatia International Limited - India
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Africa Commodities Group - South Africa
Meralco Power Generation, Philippines
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South Luzon Thermal Energy Corporation
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Price Waterhouse Coopers - Russia
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Independent Power Producers Association of India
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AsiaOL BioFuels Corp., Philippines
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Cement Manufacturers Association - India
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