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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, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...
Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
COALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its l ...
Tuesday, 11 August 15
2016 CFR S.CHINA COAL SWAPS CLOSED SLIGHTLY HIGHER THAN 4Q 2015 CLOSING PRICES; BUT NOT SIGNIFICANT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 10 (0.20%) per MT month over month.
A commodi ...
Monday, 10 August 15
SOUTH KOREAN UTILITY KOMIPO INVITES BITUMINOUS COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 560,000 Metric Tons (MT) of 4,600kcal/kg NAR c ...
Sunday, 09 August 15
THE PANAMAX MARKET HAS REMAINED WEAK THIS WEEK
COALspot.com: The freight market continued to be buoyant with cape index pushing the BDI.
The BDI was up 10.49% and closed at 1200 points on 7 ...
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- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- PTC India Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
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