We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
 The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the scarce availability of LNG carriers. Global supply will likely see a small y-o-y growth during this winter of about 2m to 4m tons or 3% y-o-y, as delays to the restart of the Freeport LNG terminal, the possibility of Australian export curbs, as well as disruptions in the Trans Niger pipeline and supply issues in Egypt, are all together adding headwinds to the LNG market. Global demand, on the other hand, could mark up to 3% y-o-y growth during 2022-23 winter.
As opposed to widely held fears among the market stakeholder, the possibility of a shortage within Europe has started to fade away. The bloc’s imports currently continue at a safe pace and are forecasted close to 39.7m tons over the coming winter, while the continent’s inventories are more than sufficient for the upcoming winter and could even exceed the 5-year average. Meanwhile, demand for the commodity has already deflated, amid the recent frenzy trend of gas to oil switch. Yet, benchmark prices in the continent are expected to remain elevated and above historical averages.
Demand from Asian buyers is forecasted to decline over 2022-23 winter. The key driver behind the reduction could be the estimated drop in deliveries to China. More specifically, China’s imports could slip as much as 16% y-o-y during the winter, on the back of weak demand for the commodity, growing domestic production, as well as an increase in imports via pipelines. Japan’s imports are also set to drop up to 4% y-o-y, as nuclear reactors are expected to resume their operation in 2023 following maintenance paired with the expected recovery of coal generation, which will suppress demand for natural gas. On the other hand, South Korea, amid its efforts to stockpile for a colder-than-average upcoming winter and to reduce its emissions in its power generation process, is set to increase its natural gas imports. The incremental Asian demand due to the unusually cold upcoming winter could result in up to 5.6m tons of LNG which will be diverted from Europe.
On the supply side, Australian supply surged 5% m-o-m in September to 7m tons, mainly driven by increased production in Ichthys and APLNG plants. Qatari production slumped 3% m-o-m to 6.6m tons, still close to the 3-year seasonal average. Egyptian supply increased as output in Damietta almost doubled. Nigerian production soared 24% m-o-m, showing signs of recovery from August’s record lows. US exports edged 5% higher m-o-m to 6.5m tons, as the increase registered in Elba Island and Calcasieu Pass offset the decline in Sabine Pass and Corpus Christi. Russian supply climbed 13% m-o-m to 2.6m tons. Indonesian production slipped 9% m-o-m due to lower output at Tangguh and Botang. Finally, Malaysian supply grew 6% m-p-m as production in Bintulu reached a 4-year seasonal average high.
The tightness of the market is also mirrored in the seaborne sector, where spot rates rally, led by a projected tight vessel availability during the winter. More specifically, during September spot rates skyrocketed both in the East and in the West of Suez, reaching $200,000/ day by the end of the month. The Atlantic Forward LNG rates are estimated to hover close to $280,000/day in October, while they could edge higher than $300,000/day in December, amid a steep contango between November-January. Freights will be underpinned during the winter by tight tonnage supply, as according to our preliminary data, a total of 3 more LNG carriers will be delivered throughout 4Q, almost one-third of the capacity delivered a year ago.
By Chara Georgousi
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
|
|
|
Showing 176 to 180 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
|
| |
| |
|
