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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 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
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