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Germany’s 2017 hard coal imports fall 10.5 percent -importers

Germany imports of hard coal in 2017 fell 10.5 percent to 51.2 million tonnes from 57.2 million, preliminary data from coal importers’ lobby VDKI showed. The figure fell short of a VDKI forecast made last summer and mainly reflected a 16 percent fall to 36 million tonnes in steam coal imports used by power generators. Imports of coking coal used in steelmaking rose by 0.6 million tonnes to 12.9 million tonnes and those of coke, a related product, rose by 0.3 million tonnes to 2.3 million in 2017, VDKI data ...

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Pertamina Hulu Mahakam makes first crude oil shipment

PT Pertamina Hulu Mahakam (PHM), the new operator of the Mahakam oil and gas block off East Kalimantan, has made its first crude oil shipment to serve a refinery owned by its sister company, PT Pertamina Integrated Supply Chain (ISC), in the provincial capital Balikpapan. The first shipment on Friday indicated that the handover of Mahakam Block’s management from France’s Total E&P Indonesie and Japan’s Inpex Corporation had run smoothly, said Pertamina ISC temporary general manager John Anis. “It [the shipment] is also a form of our support to fulfill ...

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Record W.African oil sailing east, propelled by China demand

Shipments of West African oil to China are set to surge to a record in January, boosting overall fixtures heading east to their highest in at least 14 years, a Reuters survey of shipping fixtures and traders showed on Wednesday. China’s loadings are expected to jump by more than 20 percent from December to more than 1.5 million barrels per day (bpd) in January, the survey showed. The figure is the highest barrel-per-day total to sail for China since September, and is some 37 percent above the same month last ...

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Yamal LNG Supply Route Shifts The Global Balance

Yamal LNG Train 1 has successfully shipped its first four cargoes. The first three are destined for North West European terminals, temporarily at least. The question is, will the gas stay in Northern Europe or be shipped onwards and ultimately, how will Yamal volume affect the global balance going forward? On the roster of liquefaction projects due to be commissioned around the world this year, Russia’s 15 million ton per year three train Yamal project in the Arctic stands out for its remote location, technical challenges, marketing struggles and financing ...

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Indonesia sees 2018 coal exports rising 7% to 371 mil mt: official

Indonesia’s coal exports are forecast to reach 371 million mt this year, up 7% from last year, a senior government official said Friday. Assuming an average price of $80/mt, the value of coal exports this year is expected to reach $29.68 billion, according to Bambang Gatot Ariyono, mineral and coal director general at the Energy and Mines Ministry. Indonesia also aims to produce 485 million mt of coal in 2018, up 5% year on year, the official said. The increase in production this year is expected to be triggered by ...

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China’s commodities buying spree stalls in Dec amid smog fight

China’s commodities buying spree eased slightly in December, with copper, iron ore and crude oil imports all falling from bumper levels a month earlier, the latest sign that Beijing’s anti-smog crackdown is slowing industrial activity. The drop contributed to an overall deceleration in China’s imports and exports, which highlighted ebbing momentum in the world’s second-largest economy. Natural gas and coal imports meanwhile surged last month, the General Administration of Customs said on Friday, amid fuel shortages that left millions of homes freezing across the north of China and factories in ...

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Russia’s sea-borne Urals crude exports to Europe seen falling sharply

Seaborne exports of Russia’s flagship Urals crude will fall in 2018 to their lowest since the early 2000s as Moscow diverts oil from the West to East and boosts supplies to China, plans by Russian pipeline monopoly Transneft showed on Friday. Russia has been pursuing closer ties with Asian countries, primarily top energy consumer China, amid chilling relations with the West over Moscow’s role in Ukraine crisis and accusations of meddling in foreign elections. Russia denies allegations that it has interfered in elections including the 2016 presidential vote in the ...

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Coal exports from Australia’s Queensland slip in 2017 due to cyclone: QRC

The Australian state of Queensland saw its coal exports volume slip year on year to 210.8 million mt in 2017 due to Tropical Cyclone Debbie, which made landfall in late March, the Queensland Resources Council said. The 2017 volume was down 10 million mt, or 5%, from the previous year’s record 220.8 million mt. “That fall in coal is due to Cyclone Debbie severally damaging rail infrastructure, and according to Queensland Treasury, the cyclone decreased coal exports by 11 [million mt],” it said. “In other words, in the absence of ...

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India: Refined oil imports drop by half in Nov-Dec

The Solvent Extractors’ Association of India’s (SEA) latest data of vegetable oil imports show a decline in the imports of refined oils by nearly half in the first two months of the season, November and December 2017, as against the same period last year. The fall in the refined oil imports is seen as a direct effect of the Centre’s move of increasing the duty on edible oils in November last year. Imports of refined oil (RBD Palmolein) fell to 254,286 tonnes from 486,502 tonnes in same period of last ...

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China’s gas imports jump to record high as winter weather bites

China’s natural gas imports soared to a record in December as the country battled a winter supply crunch, while crude oil imports eased sharply from near-record highs a month earlier, customs data showed. December gas imports, including pipeline imports and tanker shipments of liquefied natural gas (LNG), came in at 7.89 million tonnes, 20 percent above November’s previous record of 6.55 million tonnes, data from the General Administration of Customs showed. Imports for the whole of 2017 jumped 27 percent from 2016 to a record of 68.57 million tonnes. A ...

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Brazilian imports of flat steel products spike 84.5% on year in 2017

Brazilian total imports of carbon sheet steel in 2017 jumped 84.5% year on year to 603,889 mt from 327,348 mt in 2016, data from MDIC, the country’s foreign trade ministry, showed. Hot-rolled coil imports last year jumped 49.7% to 122,365 mt from 81,738 mt imported a year ago while imports of cold-rolled sheet steel increased 99.9% to 217,950 mt from 108,997 mt a year earlier. Imports of hot-dipped galvanized steel sheet soared 92.9% in 2017 to 263,757 mt from 136,614 mt in 2016. Analyzing only December’s imports, Brazil imported 14,802 ...

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India: Finished steel exports surge 29% in December; imports fall 26%

India’s total export of finished steel in December last year jumped 28.9 per cent to 0.964 million tonnes (MT), official data showed. The country had shipped 0.748 MT finished steel in the same month in 2016. During April-December of 2017-18, the export of finished steel increased 52.9 per cent to 7.606 MT, from 4.975 MT in the year-ago period, the Joint Plant Committee (JPC) has said in its latest report. On the other hand, imports were down 26 per cent at 0.561 MT in December 2017 compared to 0.762 MT ...

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China’s 2017 iron ore imports hit record high

Chinese iron ore imports fell 11 percent in December from the previous month, but full-year shipments were at a record high, customs data showed on Friday, as the world’s top consumer bought more imported raw material to ramp up steel output. Arrivals for December came in at about 84.3 million tonnes, versus 94.54 million tonnes in November, according to Reuters’ calculations based on annual data from the General Administration of Customs showed. Full-year shipments rose 5 percent to a record high of 1.075 billion tonnes, exceeding 1 billion tonnes for ...

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Chinese coal imports rise in Dec on looser customs curbs

China’s coal imports rose in December from the previous month, as Beijing loosened curbs on shipments brought in through some ports to ease supply shortages of the fuel. Arrivals of coal, which include lignite, reached 22.74 million tonnes last month, up from 22.05 million tonnes in November, the General Administration of Customs said on Friday. The world’s largest coal consumer imported 270.9 million tonnes of the commodity over the whole of 2017, up 6.1 percent from 2016 and the highest level since 2014, customs data showed. Beijing in late November ...

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South African coal producers seeing Pakistan as destination for exports

Sellers of South African coal are increasingly looking to the Pakistan import market as increasing demand there helps supplement the withdrawal of Indian buyers from imported coal. Traditionally in Pakistan the largest buyers of imported thermal coal had been cement plants as the country had few operating coal-fired power plants, however several new plants due to come on line over the next few years was fueling sentiment for an already strong export destination. Exports of thermal coal from South Africa to Pakistan were 3.37 million mt in 2014, 3.72 million ...

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