We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
 Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. Global LNG supply is expected to increase by 1% y-o-y this summer, to 200 million MT. Meanwhile, global LNG demand is seen at 192 million MT, also 1% higher y-o-y.
In China, we should expect to witness a significant boost in the country’s gas demand from 2Q, with economic output returning to normal by 3Q. More specifically, China’s LNG imports are forecast to climb 17% y-o-y this summer. The incremental demand will primarily come from the industrial sector rather than the power sector, where the elevated prices have decreased utilization hours at gas plants. Spot purchases, however, will not increase proportionally with the demand, as they will be capped by the existing high volumes of long-term contracted LNG cargoes. However, a faster recovery in China’s gas demand could snap a significant volume of flexible LNG cargoes available for Europe, especially if Chinese buyers reduce resales of contracted LNG.
Yet, China’s increased LNG imports will be offset by lower demand in Japan and South Korea due to higher electricity generation from nuclear power plants and robust LNG inventories. Consequently, Asia’s total contract supply could exceed its overall demand. With North Asian demand for spot LNG likely to remain muted, cargoes will flow to Europe at higher levels than last year, making up for lost Russian pipeline volumes.
Europe's LNG demand is 71% higher than its contracted supply, therefore the bloc will need to attract 76% of flexible LNG supplies this summer. Europe is currently forecast to completely fill its gas storage by the end of the summer, assuming 10-year average weather. More specifically, the bloc’s gas storage could climb to 12 billion cbm by end of October, which will be more than it needs to meet its 90% storage target. Gas balances, however, will be defined by demand destruction in all sectors (industrial, commercial, and residential). In the scenario of healthy demand, European inventories could hover close to the 80% storage target by the end of September. The shutdown of coal plants in Germany this summer for planned maintenance could provide a boost in gas demand for power generation. However, given the current uncertainty of demand destruction, a more accurate projection could be made when the policymakers will decide on the possible continuation of the emergency demand-reduction measures, effective until the end of March.
After accounting for demand above destination-fixed contracts for Europe and Asia, the market will likely be left with a net 12 million MT of flexible volumes to cater to summer weather variations against base-case forecasts for both regions. A hot summer in North Asia (China, Japan, and South Korea) would result in about 2 million MT of incremental LNG demand that will be diverted away from Europe over the season. A stronger-than-expected Chinese economic recovery could add to flexible cargo needs from Asia and take away some of this available spot volume.
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.
|
|
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
|
|
|
Showing 106 to 110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
|
| |
| |
|
