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Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
 Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the European Union, and Japan combined. Coal power has been the dominant source of energy used to fuel the rapid economic development of China in the past two decades, with significant impact on its physical environment and human population. China relies on coal power for approximately 70-80% of its energy, with 45% used for the industrial sector and the remainder used to generate electricity. Nevertheless, China has been slowly entering into a new era where clean-fuel policies and new regulations are being implemented.
China burns half of the world’s coal and has caused more than half of total CO2 growth globally for the past decade, and many believe that the reversal in coal use may represent a significant progress in slowing down climate change. According to the China Electricity Council, utilization rates at China’s thermal power plants fired by coal, natural gas and oil, are set to fall further this year. Beijing is aiming to raise the share of non-fossil fuels in primary energy use to 15% in 2020, up from 11.2%last year.
Lower coal use is already evident in China with power companies using a greater mix of hydro, nuclear and renewable options, especially wind. China’s coal imports fell 11% in 2014 compared to the previous year, the first annual decline in at least a decade. Lignite, thermal and metallurgical coal, hit a 43-month low of 16.78 million mt in January, falling 53.2% year on year – the seventh consecutive year-on-year decline and the biggest decline in the past 15 years.
The Australian and Indonesian coal exporters are obviously focusing on the world’s largest consumer of the fuel and they also have to deal with the quality checks under the new ash and Sulphur restrictions. As a result of this uncertainty, some are even holding back shipments to China.
Australian coal, which is considered the benchmark for Asia, slumped 30% last year and dropped below $60/tonne this month, the lowest level since May 2007. With both imports and prices of the commodity falling further and unless something changes dramatically in the future, it looks like coal will lose its position in the fossil fuel markets. As a result, freight rates for Panamaxes and Kamsarmaxes will most likely continue to be adversely affected.
Some say that the Indian market will still exhibit wide scale demand for the continued importing of coal at a large scale but, on the other hand, they will never push up prices. Indian power plants have their own limitations and they are not free to pass any rise in coal prices through to consumers. Still, in Indian East Coast ports coal stockpiles are rising up to record levels and the power plants are only buying as much as required from these huge reserves in major ports. Coal stocks at 16 main Indian ports were at 16.48 million metric tons as of March 20, whereas at the end of March last year, coal stocks were a mere 7.7 million metric tons.
From our side we can only hope that Asian countries and mainly China will continue to depend on coal at least for the next couple of years. It should take considerable time for China’s transition to more clean sources of energy to run its power plants. But on top of that we would also like to see the price of the commodity at sustainable levels that can support the industry and consequently demand for seaborne trade.
Christopher T. Whitty
Marketing Manager - Harbour Towage & Port Agency
Cotzias Intermodal Shipping Inc.
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Monday, 18 May 15
FOB NEWCASTLE COAL SWAPS SCORE MONTHLY GAINS
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.87 per MT (1.99%) month over month and lost US$ 0.03 week on w ...
Monday, 18 May 15
Q1' 16 API 8 CFR SOUTH CHINA COAL SWAP CLOSED HIGHER THAN Q3' 15 CLOSING PRICE
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.05 (2.10%) per MT month over month and US$ 0.53 (1.05%) pe ...
Sunday, 17 May 15
INDONESIA - INDIA FREIGHTS RATES EXPECTED TO FLAT TO SOFT NEXT WEEK
COALspot.com: The BDI was up by 10.45% and closed at 634 points week on week, while the Cape index saws big jump or up almost 55% for the same peri ...
Friday, 15 May 15
DRY BULK AND CONTAINER SHIPPING TO REMAIN WEAK, OUTLOOK FOR PORTS AND TANKERS POSITIVE - DREWRY MARITIME EQUITY RESEARCH
Global economy is in a gradual recovery mode, sending mixed signals to investors. Chinese economic data continues to remain weak as economy transit ...
Friday, 15 May 15
COAL PRODUCTION IN U.S DOWN 1.4 MILLION TONS FOR THE WEEK ENDING MAY 8
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.0 million short ...
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- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
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