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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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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
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