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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
 Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says India will be central to supporting growth in the global seaborne metallurgical (met) coal market this year, with a two million tonnes (Mt) rise in imports on the cards. Overall however, global growth in the seaborne market will remain broadly subdued thanks to expectations for a further retreat in Chinese imports of 4-5Mt. Following on from last year, China’s appetite for imports has waned thanks to a combination of a slowing steel sector, lower coke prices and the continued uncertainty regarding trace element standards being enforced on met coal imports.
Ronnie Cecil, Principal Steel Analyst for Wood Mackenzie says, “In 2015, the combined net increase in global seaborne demand will just about be sufficient to offset the negative China impact this year. India offers the main ray of hope with steel production growth on course to advance 4% this year boosting demand for imported met coal. Growth wise semi-soft coking coal (SSCC) and pulverised coal injection (PCI) coal, both used in steelmaking, will continue to see imports rise sharply thanks to steelmakers’ ongoing focus on hot metal cost reduction. Meanwhile, the scarcity of good quality premium hard coking coal locally will continue to support imports.”
Looking further ahead, India is expected to remain a key driver of global met coal trade growth over both the medium and long term. Of the 123Mt rise in global trade projected by Wood Mackenzie out to 2035, India is expected to account for 40% of this, with China contributing 28%. Mr Cecil says, “We expect rising Indian demand to overtake Japan - currently the biggest importer - in 2025 before reaching parity with China by 2035. This begs the question of whether India will be the next China.”
For the medium term from now to 2020, Wood Mackenzie says China is expected to resume its charge on the coal import front, with imports heading over 100Mt. However, with peak hot metal demand set to kick-in around the same time at 880Mt, this will temper further upside for Chinese coal imports longer term. For India, it is very much the reverse of this story. Mr Cecil explains, “While the potential for huge steel consumption growth is there in India, the capacity to satisfy that demand is likely to take a longer timeframe compared to China as it is typically constrained by bureaucratic procedures, regulations and permitting issues. As a result, we are less bullish over the medium term anticipating steel growth of 4-5% per annum, before ramping up to 6-7% per annum in the longer term to 2035. This in-turn will skew most of the 51Mt coal import growth in India towards the 2020-2035 timeframe.”
In summary, Mr Cecil says, “India’s steel sector tells of a positive story through to the longer term. For now, it is not a dominant force but it is clearly starting to show strength in supporting demand through a very weak and oversupplied global market. It is also one to watch to understand the shift in demand growth concentration when China does eventually reach peak iron and steel demand.”
About Wood Mackenzie:
Wood Mackenzie is a global leader in commercial intelligence for the energy, metals and mining industries. We provide objective analysis and advice on assets, companies and markets, giving clients the insights they need to make better strategic decisions. For more information visit Wood Mackenzie official website
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Monday, 23 February 15
Q2' CFR SOUTH CHINA COAL SWAP FOR Q2 ROSE 3.39% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.90 (+3.39%) per MT month over month and declined US$ 0.08 ...
Monday, 23 February 15
Q2' API 5 FOB NEWCASTLE COAL SWAP CLOSED $1 HIGHER THAN Q3
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.12 per MT (+6.44%) month over month and fall US$ 0.43 (-0.83%) w ...
Sunday, 22 February 15
THE BALTIC DRY INDEX LOST ALMOST 3.2% OR 17 POINTS WEEK ON WEEK
COALspot.com: The Baltic Dry Index, one of the economic indicators that monitors the health of the world's economy by tracking the price of shi ...
Friday, 20 February 15
GOVT SET TO INCREASE COAL OUTPUT TARGET THIS YEAR - JAKARTA POST
The Energy and Mineral Resources Ministry is planning to increase its coal output target this year as the government seeks to offset the ongoing de ...
Friday, 20 February 15
U.S. PRODUCED AROUND 19.2 MILLION SHORT TONS OF COAL WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.2 million short tons (mmst) of coal ...
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- White Energy Company Limited
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
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