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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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Tuesday, 17 February 15
Q2' FOB RICHARDS BAY COAL SWAP CLOSED AT $63.45; $ 1.85 HIGHER COMPARED TO Q4 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month, week on week and day on day.
The Q2 swap has ...
Monday, 16 February 15
COAL MINING SLUMP A BLESSING IN DISGUISE - THE JAKARTA POST
The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening ...
Monday, 16 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 1.31 per MT (+2.59%) week over week and US$ 4.35 (+9.13%) month on ...
Monday, 16 February 15
Q2' 15 - CFR SOUTH CHINA COAL SWAP ROSE 5.22% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 2.88 (+5.22%) per MT month over month and US$ 1.08 (+1.90% ...
Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining ...
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- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- PTC India Limited - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
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