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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could drop by 20 Mt depending on how long the disruption caused by the so-called “Wuhan flu” continued, he told the 15th Annual Southern African Coal Conference in Cape Town, South Africa.
“I normally have my presentation ready at least one week before the conference, but this time, I have had to update on a daily basis, as the number of cases is spreading so fast. The bad news is that the first quarter of 2020 is going to be pretty poor, because Chinese traders hold back from buying as they wait for the economic impact to stabilize,” he said.
The coronavirus outbreak, which originated in Wuhan, China, has exceeded a grim comparison milestone, as the number of confirmed cases in mainland China has now surpassed that of the severe acute respiratory syndrome (SARS) during the 2002-2003 epidemic.
It took six months for the number of SARS cases to exceed 5,000 in mainland China and the coronavirus surpassed that in just one month. SARS infected more than 8,000 people and killed some 800, resulting in estimates of global economic costs from disrupted trade and travel of R400 billion to R1.4 trillion.
“European coal burn has been on a downward trend for more than three years and this will continue in 2020, so the only good news is that we are unlikely to see the export supply surge from Indonesia that we saw last year, as domestic demand ramps up, so there will be less extra supply coming for that quarter,” he added.
“From my point of view, South African exports are the easiest to forecast as they have been flat for the past few years. I have got a small 0.4 Mt increase for this year,” he concluded.
The South African coal industry mines some 260 Mt of which some 72 Mt is exported and employs more than 86,000 miners who get R25 billion in salaries.
Richards Bay Coal Terminal (RBCT) achieved an annualised throughput of 95 Mt in December 2018 when they loaded 105 vessels, even though for the year, RBCT coal exports fell to 72.15 Mt in 2019 from 73.47 Mt in 2018 and a record 76.47 Mt in 2017. The rail line to RBCT has a current capacity of 81 Mt, while the port has a capacity of 91 Mt.
South African coal producers will need to boost productivity as competition intensifies in coal export markets, Mike Teke, CEO of coal mining company, Seriti Resources, said.
“The drive to be efficient and best in class regarding exporting coal is imperative,” he said.
Source: The BRICS Post
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Planning Commission, India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- The University of Queensland
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
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