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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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Monday, 02 May 16
INDIA'S GANGAVARAM PORT SETS ALL INDIA RECORD FOR NON-COKING COAL DISCHARGE
COALspot.com: Gangavaram Port, the deepest and the most modern port in India, has created yet another historical milestone record by discharging 15 ...
Monday, 02 May 16
CS (I) 5000 GAR COAL INDEX CLOSES 0.11% HIGHER, 5700 GAR COAL RISES 0.07% W/W
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.28 percent week over week to averaging $38.78 per ton on this past Friday, acco ...
Monday, 02 May 16
FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Saturday, 30 April 16
40 YEARS OF HANDLING COAL AT THE BTW IN WILHELMSHAVEN UNDER THE RHENUS FLAG
Press Release: The first bulk carrier with coal on board docked at the Bulk Terminal Wilhelmshaven (BTW), which is operated by Rhenus Midgar ...
Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
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- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- MS Steel International - UAE
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