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Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
 Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coal loadings increased by a whooping +18.8% y-o-y to 417.7 mln t (excluding cabotage), admittedly from a fairly low 351.6 mln t in the same period of 2022, Banchero costa said in its latest weekly report.This was also higher than the 363.9 mln t loaded in Jan-Apr 2021, and the 379.7 mln t in Jan-Apr 2020. It was just a shade below the 418.3 mln t loaded in Jan-Apr 2019.
The report further noted that, in Jan-Apr 2023, exports from Indonesia increased by +48.7% y-o-y to 143.3 mln t, whilst from Australia were down -3.2% y-o-y to 108.6 mln t, from Russia were up +21.4% y-o-y to 61.3 mln t, from the USA increased by +25.0% y-o-y to 26.9 mln t, and from South Africa +8.9% y-o-y to 22.6 mln t.
Seaborne coal imports into Mainland China surged by +90.6% y-o-y to 108.9 mln t in Jan-Apr 2023, whilst imports to India increased by +17.5% y-o-y to 67.1 mln t, imports to Japan by -0.4% y-o-y to 56.7 mln t, to South Korea by -0.8% y-o-y to 38.1 mln t, to the EU -4.1% y-o-y to 34.7 mln t.
Banchero costa’s weekly report further noted that, Canada is the seventh largest exporter of coal in the world. In 2022, Canada accounted for 3.8% of global seaborne coal shipments. Canada’s seaborne coal exports in the 12 months of 2022 declined by -7.6% y-o-y to 41.3 mln tonnes.
This followed an equally strong decline of -5.7% y-o-y in 2021, and a -18.8% y-o-y decline in 2020. In the first 4 months of 2023, coal exports from Canada rebounded by +6.3% y-o-y to 15.9 mln tonnes, which was the highest for this part of the year since the 16.1 mln tonnes in Jan-Apr 2020.
Nearly half of the coal produced in Canada is thermal and half is metallurgical. Canada's exports are primarily metallurgical coal. Alberta and British Columbia produced 85% of Canada's coal. Canada exports about half of its coal production. Given the location of its mining resources, the overwhelming majority of Canadian coal exports are shipped from ports in British Columbia, on the Pacific coast. Of the 41.3 mln tonnes shipped in calendar 2022, 54.2% (22.4 mln tonnes) were shipped from Roberts Bank, 27.8% (11.5 mln tonnes) from Vancouver, and 17.9% (7.4 mln tonnes) from Prince Rupert.
According to Banchero costa, the vast majority of Canada's coal exports go to Asia, which is still a significant consumer. In 2022, as much as 32.9% of Canada’s seaborne coal exports were shipped to Japan. In Jan-Dec 2022, coal exports to Japan from Canada remained flat with a +0.2% y-o-y growth at 13.6 mln tonnes. The second largest destination for Canadian coal is South Korea, accounting for 25.4% of Canada’s exports in 2022.
The report also said, in 2022, exports from Canada to South Korea declined by -9.8% y-o-y to 10.5 mln tonnes. In third place is Mainland China which accounted for a 18.0% share in 2022.
In 2022, shipments from Canada to China declined by -17.4% y-o-y to 7.4 mln tonnes, although this represents a correction from a +53.3% y-o-y increase recorded in 2021. The volume seen last year was still significantly above anything seen up until 2021.
In fourth place was the European Union, with a 7.2% share of Canada’s coal exports. In 2022, 3.0 mln tonnes of coal were exported from Canada to the EU, down -3.7% y-o-y.
In fifth place was India, with a 6.1% share of Canada’s coal exports. In 2022, India imported 2.5 mln t from Canada, up +24.4% y-o-y from
just 2.0 mln t in 2021.
However this was still significantly below the 3.9 mln tonnes shipped to India in 2020 and the 5.7 mln tonnes shipped in 2019.
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Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
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- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- PTC India Limited - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Australian Coal Association
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
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