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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 latest presentation released recentenly. According to VDKi, the modest increase of 1.2% or 19m tonnes occurred mainly in Asia (+ 1.4%) and in the Middle East (+ 7.7%). Production was not increased in Europe or North America either, while it was reduced in Russia, South America and Australia. The pig iron production that is so significant for coking coal, PCI coal and coke consumption increased by only 13m tonnes, or 1%, to 1.18bn tonnes.
German Coal Importer Association further noted that, the supplier structure on the seaborne coking coal world market, which in 2014 grew by 30m tonnes to a total of 309m tonnes, has not changed significantly. While Australia's market share has increased in absolute terms by 15m tonnes, in relative terms it has now fallen by one percentage point to 60%. The USA and Canada, by way of contrast, lost market shares and now jointly account for 27% of the market. Russia managed to double its share to 10%.
“ Worldwide coke production is stagnating at around 682m tonnes. The world coke market, on the other hand, is only a very small market with 19m tonnes and a share of 2.8% in worldwide coke production”, German Coal Importer Association.
Prices
Commenting on prices of coking coal, VDKi noted that, the downward trend in coking coal prices persisted in 2014. As a result of low growth in demand, accompanied by a significant increase in supply and the insufficient decommissioning of mines around the world, both coking coal and coke prices decreased in 2014. While prices of between 127 and 132 US$/t were still being paid for coking coal at the beginning of 2014, this price fell to below 113 US$/t by mid-2014 and remained steady there within a fluctuation range of 110-113 US$/t until the end of 2014. Any belief that the market had bottomed out, however, was crushed at the beginning of 2015, when prices again came under pressure and fell to 100-102 US$/t up until March. The main reason for this is the reduced production of iron and steel around the world.
The Association further said that, the price for a tonne of coke FOB China fell along with the coking coal prices and amounted to some 240 US$/t at the beginning of 2014. In the further course of the first half-year of 2014 the price was fluctuating between 195 US$/t and 237 US$/t and then falling continuously again in the second half of 2014 until it reached 178 US$/t.
German Coal Importer Association also said that, the Germany imported 11.8m tonnes of coking coal in 2014, 15% more than in 2013 (10.2m tonnes). The main supplier countries for Germany are Australia, the USA and Canada.
Freight rates
Association also analysed on trend of freight in 2014 and commented that, this is another market characterised by overcapacities and low prices. In 2014, the Baltic Dry Index (BDI), which is calculated from the indices of the four ship groups Capesize, Panamax, Supramax and Handysize, again surrendered the slight recovery that it had made in 2013 with 1,206 points. By April last year, the BDI had fallen to below 1,000 points and in the second half of the year it reached its all-time low of 723 points.
The reasons for the persistent weakness of the freight market are overcapacities in freight space without any commensurate increases in demand, and a shift of ore and coal imports to the Pacific (in other words Australia) instead of the Atlantic (in other words Brazil for iron ore, the USA and Canada for coking coal) with correspondingly shorter routes. Aside from divergences at short notice caused by seasonal factors, the weekly freight rates for the route Colombia - ARA fluctuated within a range from 6-14 US$/t.
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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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- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Marubeni Corporation - India
- Bhatia International Limited - India
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