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Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are being re-routed to other Asian countries open for business; but at lower prices. Traders have complained that custom clearances times are dramatically up on the Chinese ports, taking on average 45 days to offload, compared to 10-12 days earlier with volumes limited to a few thousands of tons. What appears to be a Chinese indirect restriction on Australian coal in particular—Australia being second biggest exporter of coal to China—the Australian dollar dropped by 1 percent following news of the apparent ban with prices under pressure in the overall market. Too bad for coal miners, but great news for coal importers.
According to a Reuters report, Australian Thermal Coal price per ton was $92.53 the past week, down from prior week’s $95.18. In the week of Feb 17, 2019 last month, the price was $89.46 at a 19-month low. Month-end data of Feb-19 shows that coal prices are down 10 percent since this month last year, and by 19 percent since Aug-18. Though some mysterious Chinese sources have told the media that
China has put a cap on Australian coking coal and thermal coal imports which in 2018 stood at 39 million tons and 49 million tons respectively—both over 20 percent of Australian global exports in the commodities. Meanwhile, there are no such barriers on Indonesian or Russian coal. Analysts believe the ban may be politically inclined (Australian government has recently put a ban on Huawei from building a 5G network) but Chinese official word is that the policy is targeting “environmental protection”, not any particular country.
According to officials, China is running safety and quality checks—which include radioactivity tests—at the ports which is causing the delays. This is apparently to safeguard the environment and coal importers in the country, though it doesn’t make sense why coal from other countries are getting a free pass. In fact, analysts believe this move is simply to safeguard the interests of domestic Chinese coal miners who are battling Australian imports which are preferred in the market due to their higher productivity. The move may even backfire since importers will be racing to the doors of other higher-grade coal producers like Indonesia.
It has been argued by Wood Mackenzie’s Research Director to the Financial Review that a prolonged ban may have adverse implications. It could raise Chinese steel makers’ prices since they will be using domestic coal whereas excess volumes of Australian coal will flood the markets that would depress coal prices. However, the restriction is limited to a few ports so far. According to Refinitiv, the financial markets arm of Reuters, the pricing is not indicative of a massive slowdown in China’s coal imports. There aren’t dramatic changes in volumes either, though the speed of vessel offloading in March may be foretelling a challenging future.
Source: Business Recorder
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Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
Wednesday, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...
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Showing 1496 to 1500 news of total 6871 |
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- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Australian Coal Association
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
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