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Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
 In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, this trend has not continued in the year to date, with seaborne coal imports into China down 7% year-on-year in the first ten months of 2014. Meanwhile, this year, China has introduced several regulations which may limit coal imports even further.
Falling Imports
In January-October 2014, Chinese seaborne steam coal imports (including lignite) fell 2% y-o-y to 161.4mt, partly as favourable weather conditions contributed to a surge in domestic hydro-power output, which reduced reliance on coal-fired power. Meanwhile, the availability of landborne coking coal from Mongolia has risen this year, following supply disruptions in 2013, which has led to a fall in seaborne imports. Furthermore, slower growth in Chinese steel production has contributed to a 23% y-o-y fall in coking coal imports in the year to date. Indonesia and Australia supply most of China’s coal imports, accounting for 45% and 37% of imports during this period. In the year to date, the fall in imports from Indonesia has accounted for 79% of the decline in Chinese coal imports, while imports from Australia have risen steadily.
Regulatory Review
Additionally, the recent introduction of new regulations may be starting to have an impact on imports. In September, China’s NDRC requested that major power producers contribute to a 40mt cut in steam coal imports in the remainder of 2014, which has partly reduced coal import demand. In mid-October, China introduced a 3% tax on coking coal imports and a 5-6% tax on steam coal imports, following on from the 3% lignite import tax put in place in September 2013. Although the taxes are aimed at supporting China’s domestic coal industry, the ASEAN free trade agreement (FTA), as well as the recently negotiated China-Australia FTA, may limit the impact on imports going forward, given that Indonesia and Australia together account for almost 80% of Chinese coal imports.
Future Prospects
There are also further restrictions which may affect imports from 2015. The NDRC will place limits on the quality of coal allowed to be produced, imported and sold, with stricter restrictions on coal transported more than 600km from port of entry to place of consumption. More stringent limits will be placed on the sale and use of coal in major coal consuming regions.
Given these limits, it seems likely that imports from Australia may be most affected. While some miners have indicated that they will be able to “wash” coal in order to meet restrictions, it is clear that China is taking steps to improve air quality and support domestic coal producers.
As a result, Chinese coal imports are expected to fall in 2015, although the extent of the decline is not yet clear. Since China has driven most of the recent growth in coal trade, total expansion may be slower in the short-term, compared to the double digit growth recorded in recent years. As such, the balance of the global picture appears to be shifting to India, where there remains significant potential for strong import growth.
Source: Clarksons / Hellenic Shipping News
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Monday, 19 January 15
FOB RICHARDS BAY COAL SWAP FOR Q4 DELIVERY CLOSED 4% LOWER THAN Q1 DELIVERY PRICE
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and week over week.
The Q1 swap has f ...
Sunday, 18 January 15
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN WEAK NEXT WEEK
COALspot.com: The BDI was up 4.51 pct week on week on Friday 16, January 2015. The BDI closed at 741 points on this Friday after gaining arou ...
Friday, 16 January 15
U.S. WEEKLY COAL PRODUCTION UP 7.3% W-O-W
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Thursday, 15 January 15
PANAMAX : MARKET CONTINUE ON LOW PACE - FEARNLEYS
Handy
On a general basis we can say that rates are softening in both hemispheres. Although for some specific trades we can see premiums being ach ...
Thursday, 15 January 15
LOW CASH COSTS, GOOD LIQUIDITY HELP ASIAN OIL COMPANIES IN PRICE ROUT - FITCH
Fitch Ratings says that rated oil and gas production companies in Asia can comfortably operate under low oil prices for some time given their gener ...
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- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- MS Steel International - UAE
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
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