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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 grew by less than 2% in 2015, the slowest pace since 2009, with trends in China pivotal. After the emergence of plenty of disappointing demand-side data last year, what do the indicators of Chinese trade so far in 2016 reveal?
A Surprising Start?
It’s a vital question. Chinese seaborne imports reached a massive 2.1 billion tonnes last year, accounting for 20% of global imports. But in 2015, growth in Chinese imports eased to just 1%, from an average of 9% p.a. in 2011-14. However, data for the first quarter of 2016 provides some pleasant surprises. After slowing for four consecutive years, growth in Chinese seaborne imports in tonnes appears to have picked up pace in Q1 2016, increasing by 6% y-o-y.
Picking Up Speed
Iron ore trade, which last year accounted for 45% of total Chinese imports, has driven much of this growth. Iron ore imports had a strong Q1 2016, rising by 7% y-o-y to 239mt. This was supported by restocking of iron ore inventories in line with improved steel demand and prices in recent months, following government support for infrastructure projects. This has been despite total steel production continuing to contract y-o-y, by 4% in Q1. Meanwhile, Chinese coal imports appear to have stabilised recently, following a sharp fall in 1H 2015, and the pace of decline in imports in Q1 2016 eased to 6% y-o-y. Growth in China’s minor bulk imports also improved marginally in Q1.
Some improvements have also been apparent outside of the dry bulk sector. Expansion in China’s crude oil imports has accelerated, with imports up 14% y-o-y in Q1 to 84mt, following robust growth of 9% in 2015. Imports have been boosted further this year by the liberalisation of the crude oil import market, opening up imports to independent refiners. And although Chinese gas demand came under pressure in 2015 from weaker industrial use, recent cuts to domestic gas prices have supported demand and LNG imports grew 17% y-o-y in Q1 2016 to 6mt.
Mixed Results
Meanwhile, indicators of Chinese exports remain mixed. Container trade on the key Far East-Europe route grew slightly in Q1, after falling 4% in 2015; the impact of adjustments to European inventories and falling Russian demand is likely to moderate this year. However, growth in China’s steel products exports has slowed, partly reflecting greater domestic steel demand.
A Question Of Endurance?
Overall, it would still be fair to say that the seaborne demand environment is still highly challenging, and that volatility clouds the picture in China and elsewhere. Moreover, questions remain over the sustainability of recent developments in some of China’s industrial sectors, and major obstacles to trade volume growth clearly remain. Nevertheless, there are some areas where improved Chinese volume growth has provided a nice surprise so far this year. Against a troubled background, shipping market players will hope these trends at least have a little mileage. Have a nice day.
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 ...
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 ...
Monday, 16 May 16
THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
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- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
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- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
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