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Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
 Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totalled 649.0 million, a 1.5% decline from January to July 2020. In July, imports were down 21.4% from the same month in 2020 when they reached a record high of 112.7m tonnes.
Steel production declines following government restrictions
In addition to the July drop in iron ore imports China’s steel production fell to 86.8m tonnes (source: NBS China) as the government seeks to impose limits on steel production to meet climate emissions goals. Chinese steel production was strong in the first six months of the year, and with a resilient domestic demand, it appears that the government restrictions are limiting further growth rather than the actual appetite for steel.
“A decline in Chinese iron ore imports following record-breaking imports in the first six months to the year seemed inevitable viewing that the Chinese government wishes to keep emissions growth in check. However, as demand for steel remains strong in China, it remains to be seen to which extend the Chinese government will continue to limit steel supply due to environmental concerns,” says Peter Sand, BIMCO’s Chief Shipping Analyst.
Strong iron ore imports from Brazil
In the first six months of the year, which is the most recent data available by origin, Brazil is the only major exporter of iron ore to China that has experienced growth. Brazilian export volumes are up by 14.3% in the first half of the year, reaching 108.3 million tonnes, and thereby cementing its second spot. This is however still down from the record of 109.2m tonnes of iron ore which China imported from Brazil in the first six months of 2017. Australia remains solidly in the top spot despite a fall in imports. In the first six months of the year imports from Australia have fallen by 1.3% to 344.8 million tonnes.
Source: BIMCO, By Peter Sand, Chief Shipping Analyst
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Wednesday, 28 July 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during this first half of the year, we continue to come across surprises and new restrictions which are trembling ...
Saturday, 24 July 21
UNDERSTANDING INDIA'S LATEST PEAK POWER DEMAND RECORD - IEEFA
Ramping up solar will be crucial as peak power demand hits during the day
At around noon on 7 July 2021, India’s instantaneous ...
Wednesday, 21 July 21
MARKET INSIGHT - INTERMODAL
Dry Buk Sales and Purchase activity has heated up during 2021, reaching record high levels during the first half of the year. The increased interes ...
Monday, 19 July 21
CHINA'S COAL OUTPUT UP 6.4 PCT IN H1 - XINHUA
China’s raw coal output climbed 6.4 percent year on year to 1.95 billion tonnes in the first six months of the year, official data showed.
...
Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
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- Georgia Ports Authority, United States
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
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- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
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- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Thai Mozambique Logistica
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- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
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- Marubeni Corporation - India
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- Gujarat Electricity Regulatory Commission - India
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- Global Business Power Corporation, Philippines
- Planning Commission, India
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- Coalindo Energy - Indonesia
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- Commonwealth Bank - Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Bulk Trading Sa - Switzerland
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- ICICI Bank Limited - India
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- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
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- Directorate General of MIneral and Coal - Indonesia
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- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
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- Economic Council, Georgia
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- White Energy Company Limited
- Wilmar Investment Holdings
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- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
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- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
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- Banpu Public Company Limited - Thailand
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- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
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- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
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- Billiton Holdings Pty Ltd - Australia
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- Samtan Co., Ltd - South Korea
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- Star Paper Mills Limited - India
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- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
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- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
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- Australian Coal Association
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- Chamber of Mines of South Africa
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- The Treasury - Australian Government
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- Sindya Power Generating Company Private Ltd
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- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
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- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
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