We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 14 March 12
GLOBAL THERMAL TRADE FLOW CHANGES WILL ENSURE SECURITY OF THERMAL COAL SUPPLY, ALBEIT AT A HIGH PRICE - WOOD MACKENZIE
 Wood Mackenzie Says Global Thermal Trade Flow Changes Will Ensure Security of Thermal Coal Supply, Albeit At a High Price Seaborne thermal demand by 2030 will be driven by China at 1btpa and India at 400mtpa
At Coaltrans India today, Wood Mackenzie said that a significant growth in demand for seaborne thermal coal from China and India- the top two demand drivers by 2030, will lead to a change in global trade patterns. The increase in the seaborne trade will ensure the long-term security of thermal coal supply in the Asian region. Despite forecast ample supply, Wood Mackenzie indicated that investors and buyers should expect prices to stay at traditionally high levels over the foreseeable future.
Mr. Prakash Sharma, Presenter and Coal Market Analyst says, “China has evolved rapidly to become the world’s largest thermal coal importer with seaborne demand set to grow from 175 million tonnes per annum (mtpa) in 2011 to 1billion tonnes per annum (btpa) by 2030. India is also set to overtake Japan as the second largest consumer of thermal seaborne coal by 2030, growing from approximately 80 mtpa in 2011 to 400 mtpa. India’s demand may be even higher if domestic supply is constrained by delays in associated rail and port infrastructure projects.”
A major expansion in global thermal coal trade, concentrated on Asia and driven by demand from both China and India, is expected over the next 20 years. Rapid economic expansion will fuel demand for electricity, and the heavy reliance of Asian economies on coal will lead to an increase in trade flows. In the near-term, the market will be tight but a significant growth of thermal seaborne supply is expected to come from existing and emerging basins, creating a change in trade flows that will feed long-term demand.
Mr. Sharma says, “With Asia at the centre of future thermal coal import requirements, current Pacific Basin suppliers will be first in line to benefit. Waiting in the wings though are emergent players some of which, particularly in Australia and the US, will make up a significant portion of their region’s future supply growth.”
“The emerging basins to keep an eye on are Australia’s Surat and Galilee basins, Indonesia’s Kalimantan and Sumatra basins as well as basins in Mozambique, Mongolia, Russia’s Far East, and the west coast of the United States. South African coal will continue its migration from Europe to Asian markets, and other Atlantic Basin suppliers such as Colombia and the eastern US will also participate, albeit marginally.”
Despite aggressive expansions in thermal coal supply, long-term prices will defy expectations of a drop in prices, instead remaining high in the seaborne market. There may be short term seasonal fluctuations such as a dip in Q2 prices this year due to economic uncertainty but in the long-term, the Newcastle reference coal price will increase progressively and is forecast to remain above free on board (FOB) US$120/t in real 2011 US dollar terms.
The high prices can be attributed firstly to higher production costs and the substantial investment required in new mines and supporting infrastructure development particularly for new reserves from significant emerging basins. These are in remote regions far away from exiting port facilities. Secondly, cost pressures come from changing fiscal regimes such as the carbon tax in Australia and minimum export price regulations in Indonesia. Lastly, Wood Mackenzie expects a declining trend in export thermal coal quality as large volumes of low rank coals from Indonesia enter the seaborne market.
In summary, Mr. Sharma says, “Demand for seaborne thermal coal will grow exponentially from now until 2030, particularly as a result of China and India’s needs. While this demand will find supply from a change in trade flow patterns, we think that prices will not weaken with the oncoming supply. Rather, cost pressures, infrastructure bottlenecks and a decrease in export coal quality all combine to hold prices at traditionally high levels.”
About Wood Mackenzie
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger.
Wood Mackenzie is a research consulting company and it is our preference is to be referred to as research consultants.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
Wednesday, 14 March 12
COKAL TAKES ANOTHER STEP IN DEVELOPING INFRASTRUCTURE TO FACILITATE METALLURGICAL COAL PRODUCTION
Global coal group, Cokal Limited (ASX-CKA), has signed Memorandums of Understanding (MoU’s) to develop two river ports and two small scale coa ...
Tuesday, 13 March 12
CLARIFICATION OF GR 24 OF 2012 REQUIRING DIVESTMENT OF FOREIGN OWNERSHIP OVER TIME
ASX Announcement
Global metallurgical coal group, Cokal Limited (ASX-CKA), is responding to the recent announcement of the Indonesian Ministry of ...
Tuesday, 13 March 12
EUROPEAN COAL CONTANGO: FURTHER STEEPNESS REQUIRED TO MAKE LARGE SCALE PHYSICAL TIME SPREAD ARBITRAGE MORE ATTRACTIVE - MISWIN MAHESH, BARCLAYS CAPITAL
COALspot.com - "With the contango between the Y+1 and M+1 ARA delivered contract now averaging above the $14/t level, there is an increasing in ...
Monday, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
|
|
|
Showing 4806 to 4810 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Australian Coal Association
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
|
| |
| |
|
