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Wednesday, 27 January 16
WORLD HARD COAL PRODUCTION AND CONSUMPTION DECLINE IN 2015 FOR THE FIRST TIME IN OVER A DECADE - VDKI
 COALspot.com: Seaborne hard coal trade and the changes in this area were decisively affected by China and India - VDKi.
China bears the greatest responsibility for the decline; it reduced its coal imports by 73 million tonnes (over 30%) in support of its own coal mining industry. When the import duty of 6% on steam coal comes to an end in February 2016 because of the entry into force of the trade treaty with China, however, the export situation might brighten, at least for Australia, said German Coal Importers Association (VDKi) in its latest press release.
According to German Coal Importer Association (VDKi), the production of hard coal (coking coal and steam coal), reported as steady for more than a decade, has presumably not only come to a standstill, but is in fact declining for the first time.
The VDKi estimates that worldwide production decreased by about 150 million to 200 million tonnes to 7 billion tonnes and that the seaborne hard coal trade fell by 50 million tonnes to 1.12 billion tonnes.
- Output fell by 110 million tonnes in China and by 70 million tonnes in the USA.
- Australia and India were able to maintain respectively even increase significantly the level of production of steam coal.
- Indonesia was unable, for many different reasons, to continue the increase in the production of steam coal of previous years; instead, the output of hard coal and lignite was reduced by 11% to 408 million tonnes.
VDKi further noted that, a significant shifts are also becoming apparent within the exporting countries:
- Australia was able to maintain its exports of 386 million tonnes at a level comparable to the previous year while South Africa stayed at 76 million tonnes in exports. Russia raised its exports by 7 million tonnes (5%) to 150 million tonnes, and Colombia increased its exports by 2.5 million tonnes to 79 million tonnes. The devaluation of the Russian ruble and the Colombian peso played a supportive role here.
- On the other hand, preliminary figures of the VDKi showed that Indonesia reduced exports by 32 million tonnes to 325 million tonnes and the USA lowered its exports by 17 million tonnes (20%) to about 65 million tonnes.
With the exception of a short period of relief, VDKi says, the world market prices for hard coal continued their slide of the last five years.
Their high point of the last year was in February 2015, when prices for steam coal posted a little over US$63 per tonne CIF ARA, and the low point (for the moment) was in December (just under US$50). In the middle of December one year before, a tonne of steam coal cost US$72, about 30% more than today.
Prices for deliveries in February and March 2016 are already under US$50, the downward trend has continued in this year, concluded German Coal Importer Association
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Thursday, 28 January 16
WHAT ARE THE PROSPECTS FOR COAL IN LIGHT OF THE PARIS CLIMATE AGREEMENT? - GERMAN COAL IMPORTERS ASSOCIATION
This depends – says the VDKi – to a very great extent on who you want to believe more, the United Nations or the International Energy A ...
Thursday, 28 January 16
RICHARDS BAY COAL SWAPS FOR Q1,Q2 AND Q3 DELIVERIES FIRM THIS PAST WEEK
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap rose month over month and week over week.
The Q1’ 2016 FOB Richards Bay Coa ...
Wednesday, 27 January 16
API 5 FOB NEWCASTLE COAL SWAPS CLOSE MIXED
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.17 per ton (3.13%) this past week compared to the sam ...
Wednesday, 27 January 16
CHINA'S STALLING ECONOMY HAS HAD A GREAT EFFECT ON VARIOUS COMMODITIES; DECREASED DEMAND DRIVING COMMODITY PRICES LOWER AND LOWER - LINOS ALEXANDROS KOGEVINAS
Having gone through the first few weeks of 2016, it’s starting to look like another challenging year is ahead of us. Hopes for a recovery in ...
Tuesday, 26 January 16
Q3'16 CFR SOUTH CHINA COAL SWAP DROPPED BELOW $41 A TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.82 (1.94%) per ton month over month.
A commodity swap is ...
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- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
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