We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
 In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Meanwhile, imports of lignite (a low-quality coal), which have risen strongly over the last few years, have remained a bright spot. In the first six months of the year, Chinese lignite imports increased by more than 20% y-o-y to 36mt, said Clarksons in its latest report.
Indonesia Dominant
Clarksons further said, Lignite has played an increasingly important role in China’s coal imports since 2009. Used largely in power generation (but also in paper mills and in the manufacture of building materials), lignite has a relatively low heat content, but due to its low quality has been attractively priced. As shown on the Graph of the Month, Chinese lignite imports have surged from 3mt in 2008 to 59mt last year.
According to Clarksons , Indonesia is the major supplier of lignite to China, accounting for 97% of China’s imports last year, with the Philippines accounting for much of the remainder. While Chinese imports of steam coal from Indonesia have also increased rapidly, the share of lignite in total coal imports from Indonesia has risen from 14% in 2009, to more than 50% in the year to date.
Driving Upwards
While favourable price dynamics have been the main factor supporting increasing steam coal and lignite imports, rapid growth in total coal consumption between 2008 and 2011 also provided some support. However, since 2012, growth in Chinese coal consumption has slowed notably, with total coal use up 0.7% y-o-y in 1H 2014. Meanwhile, the price differential between imported and domestic steam coal has narrowed, especially following several rounds of price cutting by domestic miners in July this year, said Clarksons.
As a result, imports of higher-quality steam coal (with a calorific value of over 5,000 kcal/kg) have become less competitive against domestic supplies. However, since lower-quality lignite has continued to be priced at a discount to higher-quality coal, power plants have kept costs down by continuing to use a blend of lignite and higher-quality coal in power generation, noted Clarksons.
Policy Risks
Consequently, Clarksons noted, the demand for imported lignite has remained relatively firm in the year to date, despite increasing efforts by the government to restrict imports of low-quality coal.
Last year, China re-imposed a 3% tax on lignite imports, but given the free trade agreement in place between China and ASEAN nations, volumes imported from Indonesia have been unaffected. Meanwhile, in July 2014, China introduced further regulations in some regions banning imports of low-quality coal transported a certain distance inland. However, a significant proportion of lignite is used in coastal power stations, many of which have geared their boilers towards using this type of coal.
Clarksons concluded that, so while recent efforts to restrict low-quality coal imports have not yet had a notable effect, regulatory trends may well limit lignite import growth in the longer-term. Yet in the short-term, favourable pricing and the current dependence of power plants on low-quality coal suggest that China’s lignite imports from Indonesia will continue to remain firm.
Source: Clarksons
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark ...
Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
|
|
|
Showing 3516 to 3520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Merrill Lynch Commodities Europe
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
|
| |
| |
|
