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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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Friday, 14 November 14
MORE NATURAL GAS FROM RUSSIA TO HELP STABILISE CHINA PRICES - FITCH RATINGS
COALspot.com: Fitch Ratings has said possible additional natural gas supplies from Russia's OAO Gazprom to China via the Altai pipeline would h ...
Thursday, 13 November 14
SLOWER AND LOWER HAS BEEN THE TREND OF THE PANAMAX IN BOTH HEMISPHERES - FEARNLEYS
Handy
We are experiencing an oversupply of tonnage in the Atlantic which is out numbering the amount of cargoes, Fearnleys broker says in its lat ...
Thursday, 13 November 14
DRY BULK MARKET'S REBOUND HINGES ON IRON ORE OVERSUPPLY ISSUES MOVING FORWARD - HELLENIC SHIPPING NEWS
“One man’s benefit, is another man’s demise” is a phrase which can be used to describe today’s situation in the dry b ...
Thursday, 13 November 14
COAL MINISTER WANTS INDIA TO STOP COAL IMPORTS IN TWO OR THREE YEARS
COALspot.com: India to ramp up coal production to a billion tonnes by 2019 from its current level of 490 million tones. According to Power and Coal ...
Thursday, 13 November 14
MODERN DRY BULK SHIPS' PRICES START FIRMING UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While the main story of the past few weeks has been the rebound of the dry bulk market, which has been a result of increased Chinese iron ore impor ...
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- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
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