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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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Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
Wednesday, 22 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
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- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- The University of Queensland
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
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