We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
|
|
|
Showing 236 to 240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
|
| |
| |
|
