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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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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
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- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Romanian Commodities Exchange
- GMR Energy Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
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