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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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Sunday, 03 August 14
LACK OF COAL SHIPMENTS FROM FAR EAST/SE ASIA, THE PRESSURE ON CHARTER RATES CONTINUED THIS WEEK
COALspot.com: This week, the freight rates were almost flat as charter rates were also almost steady from last week.
The BDI was up by 2.59 pc ...
Friday, 01 August 14
UNCERTAINTY IN ASIAN COAL MARKETS WHERE INDEX-LINKED PRICING DOMINATES - SGX
COALspot.com: In the past 3 years, seaborne thermal coal markets have been in a state of constant oversupply.
Reuters expects this oversupply ...
Friday, 01 August 14
U.S PRODUCED 19.4 MMST OF COAL IN A WEEK, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Thursday, 31 July 14
CAPESIZE: CARGO VOLUMES, COAL IN PARTICULAR, PRESENTLY NOT SUFFICIENT TO EMPLOY A GROWING FLEET - FERNLEYS
Handy
Both the Atlantic and Pacific has improved in the supramax segment over the last week, said Fernleys in Its latest weekly report . There we ...
Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of Ind ...
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- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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