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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
 Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling with lower prices, and as most of the remaining mines have better attributes.
Fitch expects the government to continue introducing direct or indirect subsidies to support iron ore miners after a sharp downturn in iron ore prices in 2014 forced a slew of mines to close and increased China's reliance on imports, which reached an all-time high in 2014. The Chinese government recently said it would halve the resource tax on domestic iron ore producers to 40% from 80% from 1 May 2015, which would result in cost savings of about CNY6-15 a tonne for the miners.
Iron ore capacities in China that are still surviving either operate at lower costs, have higher grade products, are vertically integrated with steel mills, or are state-owned, which would make them less susceptible to closure.
According to the China Steel Association, the country's iron ore imports rose 13.8% in 2014 to 933 million tonnes, accounting for 78.5% of national consumption, and a 9.7pp increase from the previous year. Imports will continue to rise in 2015 as more Chinese miners shut, which will further strengthen the bargaining power of large international iron ore producers, something the Chinese government and the domestic steel industry would not want to see.
Chinese producers generally have higher production costs than their large global peers, and have struggled to compete as cheaper supply continued to flood the market. The industry association in China estimates that over 50% of Chinese iron ore mines produce at a cash cost of more than CNY500/tonne (USD81/tonne), compared with large global miners' USD20 35/tonne. Support from the Chinese government would provide a lifeline to keep domestic supply in the market for longer than would be otherwise possible.
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Tuesday, 28 April 15
Q2' 15 FOB RICHARDS BAY COAL SWAP CLOSED 4.18% HIGHER FROM MONTH AGO
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased month over month and slightly week over week.
The Q2 swap ha ...
Monday, 27 April 15
U.S. COAL PRODUCTION FELL BELOW ONE BILLION SHORT TONS IN 2013 - EIA
COALspot.com: For the first time in two decades, U.S. coal production fell below one billion short tons to 984.8 million short tons in 2013 from 1, ...
Monday, 27 April 15
Q3' 2015 FOB NEWCASTLE COAL SWAP CLOSED 3.69% LOWER THAN Q2' 2015 PRICE OF $46.36
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery gained US$ 0.19 per MT (0.41%) month over month and US$ 0.78 week on week. ...
Monday, 27 April 15
CFR SOUTH CHINA COAL SWAP SLOWLY IMPROVED THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 0.74 (-1.41%) per MT month over month and increased US$ 0.43 ...
Sunday, 26 April 15
DRY BULK MARKET KEPT IMPROVING THIS WEEK; CAPES AND PANAMAXES SHOW A SLIGHT PICKUP IN RATES
COALspot.com: The freight market was stable this week as BDI closed at 600 points after improving 0.50 percent week over week.
The cape ...
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- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
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