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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
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Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
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- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- PTC India Limited - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
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