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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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Wednesday, 19 August 15
FOB INDONESIA COAL SWAPS CONTINUE FLAT TREND LINE THIS WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and flat week over week, this past week.
The 4Q swap was decli ...
Tuesday, 18 August 15
DRY BULK: MARKETS HAVE CONTINUED TO BE SEVERELY CHALLENGED - CLARKSONS
The dry bulk markets have continued to be severely challenged with freight rates falling during the period to below operating expense. The Baltic D ...
Tuesday, 18 August 15
1Q'16 FOB RICHARDS BAY COAL SWAP FALLS BELOW $54 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Tuesday, 18 August 15
2Q' 16 FOB NEWCASTLE COAL SWAP CLOSED AT $43 PER MT W/E 14 AUGUST
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.08 per MT (-2.46%) month over month to US$ 42.82 per mt. The swap ...
Monday, 17 August 15
TROUBLED DRY BULK MARKET FACES TURMOIL AS CHINESE COAL IMPORTS REMAIN WEAK - BIMCO
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest imp ...
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- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
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