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Friday, 07 August 15
COAL PRICE DEVELOPMENTS CAN ONLY BE DESCRIBED, SUCCINCTLY AS "OVERSUPPLY MEETS SUBDUED DEMAND" - VDKI
 Coal Outlook 2015 – International
Regarding the outlook for global coal trading, two questions arise: firstly, “ whether the years of growth might now be over” and secondly “ whether the low prices have now bottomed out and are set to develop into a renewed upward trend” - German Coal Importer Association.
According to German Coal Importer Association, the forecasts for the global economy are showing an upward trend for 2015 with anticipated growth of 3.5% in gross domestic product globally, 3.1% in the USA and 1.3% in the Eurozone. As there is a correlation between demand for hard coal and economic growth, the conditions for an upward trend would appear to be present.
According to an estimate by the IEA, demand for coal in the years ahead is going to increase globally by an average of 2.1% per year. In absolute figures, that means an increase in demand from 8,247m tonnes in 2015 to 9,018m tonnes in 2019. The highest level of demand for additional quantities of coal will be shown by China with +661m tonnes and India with +251m tonnes in the five-year period. This means that by 2019, India will have overtaken the United States as a consumer of coal. The pace of growth will then slow down further – from annual growth of 5.3% in the period from 2005 to 2010 to a growth rate still at 2.1% in the period from 2015 to 2019. The lion's share of this growth will take place in the non-OECD states with growth rates of 3% per year.
The association further noted that, the reality is very close to the forecast: preliminary calculations by the VDKi for the first three months of 2015 indicate that the seaborne world market rose by just under 3% (8m tonnes) in comparison with the same period last year. Indonesia (+4m tonnes), Australia (+5m tonnes) and Colombia (+6m tonnes) increased their exports particularly strongly, while the USA (-5m tonnes) and Vietnam (-2m tonnes) cut back their exports. The other countries remained at their 2014 level.
Europe, on the other hand, has an oversupply of steam coal. This situation is accentuated by the further expansion of renewable, particularly in Germany and the UK, which will further reduce the peak use hours and therefore the demand for coal in the hard coal-fired power plants.
Despite these positive figures, the price developments can only be described, succinctly as "oversupply meets subdued demand".
According to presentation of VDKi, the development whereby a global oversupply of coal meets an insufficient increase in demand since 2011 continued in 2014. The pressure on prices consequently persisted in 2014 as well. In the period from January 2014 until today alone (10.7.2015), the prices for steam coal FOB Colombia declined from 72 US$/t to 52 US$/t, i.e. by approximately 30%.
Demand for steam coal in the Atlantic region has likewise remained rather weak between January and the present day. Accordingly, the further development of the price for steam coal will depend largely on the development of the Asian markets in particular, which in turn depend on the needs of China and India. Our research indicates that demand has fallen most markedly in China, while it has increased modestly in India.
All in all, we do not expect to see a significant increase in coal prices in the near future, German Coal Importer Association concluded in its presentation.
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Monday, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will su ...
Sunday, 23 August 15
SHIPPING FREIGHT RATES FALL SHARPLY ON EXCESS SUPPLY AND LOW DEMAND
COALspot.com: The BDI continued to soften and was down 5.78 pct and falls back below 1000 points this week.
The cape Index lost 17.25 per cent ...
Friday, 21 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION VOLUME FALLS 8.7% Y-O-Y
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.3 million shor ...
Friday, 21 August 15
GLOBALCOAL TO LAUNCH ONLINE TRADING OF PHYSICAL MET COAL ON 13 OCTOBER
On 13 October 2015, globalCOAL will launch an online platform for the physical procurement and trade of high quality hard coking coal delivered FOB ...
Thursday, 20 August 15
COAL PRICES FALL TO 12-YEAR LOWS AS CHINA, INDIA JOIN DEMAND SLOWDOWN - REUTERS
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China which until rec ...
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- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Planning Commission, India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
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