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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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Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
Tuesday, 10 February 15
IRON ORE MARKET TO REMAIN OVERSUPPLIED IN 2015: PRICE FORECAST $70/T - WOOD MACKENZIE
COALspot.com: With January witnessing the price of iron ore falling to its lowest levels since May 2009, Roger Emslie, Principal Metals & ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
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