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Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
 Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording positive y-o-y growth in March. The recent improvement has partly been supported by a reduction in domestic coal supply, and increased domestic coal prices, but can this slightly more positive momentum in
Chinese imports be sustained?
Domestic Coal Dominated
Chinese seaborne coal imports started to surge back in 2009, and China rapidly became the world’s largest coal importer, with imports topping 300mt in 2013. While this volume accounted for 24% of global seaborne coal trade, it only represented 7% of China’s total coal use, with the rest accounted for by domestic supply. Growth in imports was partly driven by higher domestic coal prices, which also led to firm expansion in Chinese coal production capacity during this period.
Slow Burner?
In the last ten years China has added an average of 320mtpa of new coal production capacity. While estimated 1.1bt of less efficient capacity was removed in 2006-15 (based on available reports), total coal production capacity still registered a net increase of around 3.0bt over the last ten years. Meanwhile, in 2012 the pace of growth in Chinese coal consumption started to slow, and coal use fell 4% in both 2014 and 2015, exerting pressure on domestic coal prices and reducing the price advantage of imported coal over domestic material. This, combined with environmental measures, limited demand for imported coal, and Chinese seaborne coal imports fell sharply by 11% in 2014, and 30% in 2015 to total 188mt last year.
Supply Slice
However, the recent focus on ‘supply-side’ reform in China’s industrial sector has led to a further drop in coal production this year, with output down 3% y-o-y in the first two months of 2016. This has contributed to an increase in domestic coal prices in recent months, and seaborne coal imports in March grew y-o-y for the first time in almost two years, rising 3%, with total imports in Q1 down 6%.
Capacity Challenges
Looking ahead, China aims to cut a further 0.5-1.0bt of coal production capacity between 2016 and 2020, and has halted new coal mine approvals for the next three years. While this may help reduce total production capacity, a significant volume of the 5.7bt of capacity is current idled or producing at a slower rate. A general improvement in domestic coal prices could lead to increased production from these mines, potentially offsetting the impact of further capacity closures.
So, oversupply in the coal sector is unlikely to be resolved rapidly. The domestic coal market has improved slightly in recent months, but given that imports account for a small share of China’s coal use, the balance between domestic output and consumption is likely to lead to short-term volatility in imports. Nevertheless, with coal consumption not expected to pick up significantly in coming years, partly reflecting a greater environmental focus, for now the most likely scenario is that pressure on imports will remain into the longer-term.
Source: Clarksons
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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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Showing 2421 to 2425 news of total 6871 |
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- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Planning Commission, India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
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