We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 20 May 16
U.S COAL PRODUCTION FOR THE WEEK ENDED 14 MAY TOTALED 11.4 MMST; UP 3.8% W/W
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.4 million short tons (mm ...
Thursday, 19 May 16
AUSTRALIAN IRON ORE CARGOES PUSHED UP THE FREIGHT RATES FOR CAPE THIS WEEK - FEARNLEYS
Cape
It has been a big jump in the freight rates for Cape size this week, says Fearnleys in its latest weekly report. All of the Australian iron ...
Thursday, 19 May 16
DISPUTE OVER VAT ON COAL DRAGS ON, CAUSING DOUBLE-BLOW TO MINERS - JP
The dispute over the value-added tax ( VAT ) mechanism between coal miners operating under third-generation contracts and the Finance Ministry&rsqu ...
Wednesday, 18 May 16
DRY BULK OUTLOOK REMAINS GLOOMY SAYS DANISH SHIP FINANCE, AS SHIPPING NEEDS TO RETHINK BUSINESS MODEL - HELLENIC SHIPPING
Our Shipping Market Review – May 2016 is devoted to the fourth industrial revolution. To understand the truly disruptive nature of the fourth ...
Wednesday, 18 May 16
LONG TERM FUNDAMENTALS ARE SLOWLY IMPROVING FOR THE DRY BULK MARKET - INTERMODAL
As we are approaching the end of the first half of the year, there is a number of market participants over at the dry bulk sector that have started ...
|
|
|
Showing 2426 to 2430 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
|
| |
| |
|
