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Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and 2021, significantly outpacing all other commodities which combined grew at an average of just 4.3% per year. So far in 2022, the appetite for bauxite imports has remained high and the price of aluminium has reached its highest level in 14 years.
The Russia-Ukraine war has caused aluminium prices to surpass USD 3,000/tonne for the first time since 2008, which is expected to lead to an increase in domestic aluminium production.
“In the first quarter of 2022, China’s bauxite imports hit record levels, increasing 15.4% y/y. This is in stark contrast to China’s total bulk imports which, excluding bauxite, dropped by 10.5% y/y,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Compared to the last quarter of 2021 bauxite arrivals increased 13.6% and particularly shipments from Guinea drove the increase as they contributed 57% of overall volumes.
“Despite being named for the Guinean port, Kamsarmaxes play only a very small role in the Guinea-China shipments and Capesizes are the main beneficiary of China’s demand for the commodity, carrying a little more than 70% of all volumes,” says Rasmussen.
In the long run, the aluminium supply chain may alter once again, as Guinea’s interim government has challenged international companies mining in the country. The military junta has demanded mining companies to present investment plans for alumina refining plants by May 2022.
“If the government succeeds in establishing large alumina refineries in Guinea, bulk shipping patterns will change. It takes four tonnes of bauxite to produce one tonne of alumina, which would cause a decline in the number of shipments between Guinea and China,” says Rasmussen.
By Chief Shipping Analyst, Niels Rasmussen
Source: BIMCO
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Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment ...
Wednesday, 29 June 22
LNG MARKET REMAINS TIGHT - INTERMODAL
LNG market remains tight currently, mainly driven by the US LNG outage from the recent fire in Freeport LNG terminal together with the recent fall ...
Wednesday, 29 June 22
CHINA'S NEW PLAN FOR RENEWABLE ENERGY DEVELOPMENT FOCUSES ON CONSUMPTION - FITCH RATINGS
China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 & ...
Wednesday, 29 June 22
APAC CORPORATE SECTOR OUTLOOKS SHIFT AMID GLOBAL SHOCKS - FITCH RATINGS’
Fitch Ratings’ mid-2022 corporate sector outlook review revealed that the Asia-Pacific (APAC) region saw the largest number of sector outlook ...
Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working enviro ...
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- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
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