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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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Friday, 19 June 15
U.S. WEEKLY COAL PRODUCTION UP SLIGHTLY COMPARED TO LAST WEEK; CONTINUES TO BE DOWN FROM LAST YEAR
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.4 million short ...
Friday, 19 June 15
INDONESIA'S COAL-TRAFFICKING PROBLEM REQUIRES IMPARTIAL INQUIRY - JAKARTA GLOBE
Indonesia, the leading supplier to the seaborne thermal coal market, produces 420 million tons of coal per year, according to its official tally.
...
Thursday, 18 June 15
DRY BULK SHIPPING: LOWEST FLEET GROWTH IN 10 YEARS MAY NOT PROVE ENOUGH AS DEMAND IS NOT KEEPING PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The demand side of things in the dry bulk market seems unable to keep pace with even the slightest fleet growth, a sign of the demise that the indu ...
Thursday, 18 June 15
THE FAR EAST HANDYSIZE, HANDYMAX, SUPRAMAX MARKET REMAINED STEADY LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market closed off on Friday (last week) noting small gains on the back of stronger performance in the Panamax segment, w ...
Thursday, 18 June 15
MERCATOR'S KAMSARMAX FIXED WITH CLEARLAKE
COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company focused on markets such as India, ...
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Showing 2966 to 2970 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- CNBM International Corporation - China
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
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