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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
 China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the home and overseas markets, said anal ysts.
In the almost-past 2009, coal imports have maintained feverish grow th in China ever since the beginning of the year, thanks to collapsing
global coal prices brought about by the economic crisis. Published st atistics show that the Australia BJ Steam spot price tumbled at one po int to US61.5 dollars per metric ton (tonne) on March 19 of this year from the US190.95 dollars/tonne in Q4 of 2008, when the financial tail spin started to dampen world energy demands.
Meanwhile, local prices fell slightly due to restricted supply brou ght on by the coal resources integration in Shanxi province, China's m ajor coal producer.
Based on attractive prices worldwide, some industry experts even es timate China's coal imports will hit 110-plus million tonnes, more tha n 1.7 times of the figure last year.
The following is a chart unveiling the resurgence of China coal imp orts during January to October of 2009:
While coal imports totaled just 18.9 million tonnes between January and October, annual net coal imports should reach 87 million tonnes, with the yearly export figure expected to stay around 23 million tonne s this year, according to sector analysts.
The sharp growth in China's coal imports is a complete reversal of the situation in 2008, which saw just 5.03 million tonnes of coal expo rts.
China's conversion into a net coal importer has marked a structural
change in its coal trading, and its explosive coal demand rise is lik ely to be sustained for some time, according to Greg Boyce, CEO of Pea body Energy, the largest coal producer in the world.
Huang Teng, a local senior coal trade expert, said the pick-up in C hina's 2009 coal imports was not an exception in view of its substanti ally larger-than-global-supply coal demands, adding that the predicted
100-plus million tonnes of imports this year would account for only 3
percent of China's 300 million tonnes of coal needs.
The following chart shows China's coal output since September 2008:
China was not expected to be a net coal importer because of its bou ntiful coal reserves, said industry watchers, noting that the imports hike is also price-driven.
But the mighty coal imports by China during 2009 were bound to lift
up international coal prices next year, which was sure to bring down the country's coal imports next year, said Huang.
Furthermore, the small growth in global coal supply next year will also add to external coal prices rises, as competition with coal impor ters such as India will intensify, driven by the subcontinent's econom ic recovery, said industry analysts.
So far, the rising price on the world coal market is seen by other coal importing countries, which make up one eighth of the world coal t rade as, the best mechanism to curb China's imports and secure their o wn coal imports, said Huang.
It is a fact that China's coal imports have stoked up the internati onal coal price in 2009. Statistics from GlobalCoal, a worldwide marke tplace facilitator for trading coal and coal-related services, show th at prices for steam coal at Australian's Newcastle port rallied to US8 1 dollars/tonne after falling below US60 dollar/tonne at one point thi s year.
Add in climbing international freight costs, and the price spread b etween global and local coal prices will be squeezed, making overseas coal lose its price advantage, say analysts.
The consensus in China's coal industry is that prices agreed in coa l supply contracts will rise, but the upward margin remains under deba te, disclosed insiders with China Coal Transportation and Distribution
Association.
A 5 to 10 percent rise in thermal coal contract price looks likely in 2010, according to most coal trader researchers with local securit y dealers.
More flexible online convergence of coal production, transportation , and demand will be launched domestically in 2010, which should make it easier for local users to acquire coal.
Source: I Stock Analyst
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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- White Energy Company Limited
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- The University of Queensland
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- PTC India Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
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