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.
|
|
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
|
|
|
Showing 1411 to 1415 news of total 6846 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Latin American Coal - Colombia
- Aditya Birla Group - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
|
| |
| |
|
