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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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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
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