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, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen' ...
Friday, 08 April 16
WEEKLY US COAL PRODUCTION ESTIMATES DIP 5.4% TO 11 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11 million short ...
Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
COALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of ...
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
Fitch Ratings says today that the Chinese government's supply-side reform of the steel sector faces immense social and financial challenges. Th ...
Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
|
|
|
Showing 2486 to 2490 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
