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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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Wednesday, 08 October 14
IS THERE ANY BRIGHT SIDE ON THE DRY BULK SEGMENT? - YANNIS OLZIERSKY
In the movie “Life Of Brian”, a character on a nearby cross was singing the famous “Always look on the bright side of life” ...
Tuesday, 07 October 14
TAIPOWER TO IMPORT 525K MT OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com: Taiwan Power Company intends to procure 525,000 metric tons of low ash and extra low sulfur sub-bituminous coal for Taipower thermal ...
Tuesday, 07 October 14
SUB-BIT FOB INDONESIA COAL SWAP SHOWS A FLAT TO WEAK TREND THIS PAST WEEK
COALspot.com: Indonesian coal swaps November 2014 delivery flat week on week and gained US$ 0.10 (-0.20%) per mt day on day. The swap also lost US$ ...
Tuesday, 07 October 14
THE RIO TINTO CONFIRMS THAT NO DISCUSSIONS ARE TAKING PLACE WITH GLENCORE
COALspot.com: The board of Rio Tinto notes the recent press speculation regarding a possible combination of Rio Tinto and Glencore.The Rio Tinto bo ...
Tuesday, 07 October 14
API 8 CFR SOUTH CHINA COAL SWAP HEADED SOUTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 1.10 (-1.64%) month over month and US$ 0.25 (-0.38%) ...
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- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
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