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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, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
Saturday, 20 August 22
KOSPO TO IMPORT 240000 MT OF MIN 4400 KCAL/KG NCV STEAM COAL FOR OCTOBER;LOADING FROM RUSSIAN PORTS NOT ALLOWED
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 240,000 MT of min 4,400kcal/kg to max. 4,999 kcal/kg NC ...
Wednesday, 17 August 22
INDIAN COMPANIES SWAPPING DOLLAR FOR ASIAN CURRENCIES TO BUY RUSSIAN COAL - REUTERS
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoidi ...
Wednesday, 17 August 22
LNG: MAJOR INVESTMENT AND EXPANSION PHASE, DOUBLING OF LIQUEFACTION CAPACITY BY 2028 PROJECTED - CLARKSONS
Clarksons Research have released the latest version of their long standing annual review, LNG Trade & Transport, on to Shipping Intelligence Ne ...
Wednesday, 17 August 22
UNAFFORDABLE LNG PRICES UNDERMINE RAPID DEMAND GROWTH FORECASTS IN KEY ASIAN MARKETS - IEEFA
Sustained high prices may accelerate downward pressures on Asian LNG demand, clouding long-term industry outlooks
The global liquefi ...
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- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
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