EXPORTS – AUSTRALIA

Australia becomes an LNG force

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Original article by Perry Williams
The Australian – Page: 21 & 24 : 7-Dec-18

Data from Bloomberg shows that Australia’s LNG exports totalled 6.55 million tonnes in November 2018, surpassing Qatar (6.27 million tonnes) for the first time. Australia’s LNG shipments for the calendar year are expected to exceed 78 million tonnes, compared with 77 million tonnes for Qatar. Projects such as Ichthys will further boost Australia’s LNG exports, although both Qatar and the US intend to increase production. Meanwhile, official figures show that Australia’s revenue from LNG exports totalled $38.8bn in the year to October, while coal and iron ore revenue was $64.6bn and $61.6bn respectively.

CORPORATES
BLOOMBERG LP, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, INPEX CORPORATION, ROYAL DUTCH SHELL PLC, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, S&P PLATTS

Export bonanza will not last long

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Original article by Perry Williams
The Australian – Page: 17 & 20 : 2-Oct-18

Revenue from Australia’s commodity exports will increase by 11 per cent in 2018-19 to a record $252bn, according to the Department of Industry, Innovation & Science’s latest quarterly report. However, revenue is expected to decline by five per cent in 2019-20, to $238bn. Revenue from iron ore exports is tipped to total $60.4bn in 2018-19, before falling to $56bn in 2019-20, as factors such as an increase in global supply and lower steel production in China weigh on the iron ore price. Coal export revenue is also expected to fall in 2019-20, although strong growth in LNG export revenue is forecast.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, INPEX CORPORATION, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION

Strong Asian demand boosts coal exports

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Original article by Matt Chambers
The Australian – Page: Online : 11-Sep-18

The Australian Bureau of Statistics has reported that the value of thermal coal exports in July was at a record $2.45 billion, up 14 per cent from the previous month. Export volumes of thermal coal for July increased by 10 per cent to a record 19.87 million tonnes. The combined value of thermal and coking coal exports in July was $5.58 billion, compared to a value of $4.7 billion for iron ore. The latest federal Industry Department forecast suggests Australia will export 199 million tonnes of thermal coal in 2018-19.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, NEW HOPE CORPORATION LIMITED – ASX NHC, WHITEHAVEN COAL LIMITED – ASX WHC, ADANI MINING PTY LTD

RBA tips lithium, copper export boom

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Original article by Perry Williams
The Australian – Page: 19 : 13-Aug-18

Australia accounts for 12 per cent of the world’s copper reserves, along with around 25 per cent of global lithium reserves. The Reserve Bank of Australia predicts that exports of these commodities will increase to meet rising demand for renewable energy generation and electric vehicles. The RBA forecasts that lithium exports will triple over the next five years. However, the outlook for iron ore is not so clear, with demand from Chinese steel makers viewed as being somewhat mixed.

CORPORATES
RESERVE BANK OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG

Oil surge to drive $8.1bn LNG windfall

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Original article by Matt Chambers
The Australian – Page: 17 & 21 : 3-Jul-18

A quarterly report from the Office of the Chief Economist shows that Australia’s resources and energy exports are forecast to top $238.18bn in 2018-19, compared with $226.32bn in 2017-18. Revenue from LNG exports is expected to rise by 12 per cent to $43.5bn, while revenue from coking and thermal coal exports is tipped to be $58.1bn. Iron ore export revenue is forecast to be $57.7bn in 2018-19, while revenue expectations for 2017-18 have been scaled back from $65.3bn to $61.8bn.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. OFFICE OF THE CHIEF ECONOMIST, SANTOS LIMITED – ASX STO, ORIGIN ENERGY LIMITED – ASX ORG, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Little Creatures crafts a strategy for China

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Original article by Eli Greenblat
The Australian – Page: 17 & 21 : 12-Jun-18

Craft beer’s share of the broader beer market is much greater in some parts of the world than others, according to Matt Tapper. The MD of global markets for brewer Lion says craft beer’s market share is generally less than one per cent in Asian markets, compared with up to 15 per cent in North America. The low adoption of craft beer by Asian consumers is prompting Lion to target markets such as China and Singapore with its Little Creatures craft beer brand, which started life in Fremantle and is currently sold in 30 overseas markets.

CORPORATES
LION PTY LTD, LITTLE CREATURES BREWING PTY LTD, DXCEL

Labor pledges end to live sheep exports

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Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 4-May-18

Labor’s agricultural spokesman Joel Fitzgibbon says it intends to phase out Australia’s live sheep export trade. Its decision pre-empts the findings of a review into the sector, which was prompted by revelations concerning sheep being transported to the Middle East in dreadful conditions in 2017. Prime Minister Malcolm Turnbull has accused Labor of making a reckless decision based on emotion, rather than on science and information. Western Australian Farmers Federation president Tony York says banning the live sheep trade would have a detrimental impact on regional and rural communities.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, THE WESTERN AUSTRALIAN FARMERS FEDERATION (INCORPORATED), ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS, AUSTRALIAN LIVESTOCK EXPORTERS COUNCIL LIMITED, ANIMALS AUSTRALIA

Japan rises to second-biggest trade partner

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Original article by Rowan Callick
The Australian – Page: 21 : 19-Mar-18

New figures show that Japan has again become Australia’s second-biggest trading partner, having relinquished this status to the US in 2015-16. There was an 18 per cent increase in Australian exports to Japan in 2016-17, while the total value of two-way trade between Australia and Japan rose by 13 per cent to $A69bn. Two-way trade between Australia and the US totalled $A66bn. The figures also show that Australia exported a total of $A63bn worth of iron ore in 2016-17, ahead of coal ($A54bn) and education services ($A28bn).

CORPORATES
AUSTRALIA JAPAN ECONOMIC INTELLIGENCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. BUREAU OF RESOURCES AND ENERGY ECONOMICS, IMPEX CORPORATION, JERA, ROYAL DUTCH SHELL PLC

Trade balance back in the black

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Original article by David Uren
The Australian – Page: 6 : 9-Mar-18

Australia posted a trade surplus of $A1.1bn in January 2018, following a deficit in December. The trade figures were bolstered by growing demand in Asia for the nation’s resources commodities, and Asia’s share of Australia’s overall exports has risen from 61 per cent to 75 per cent over the last decade. In contrast, the US now accounts for less than four per cent of Australia’s exports. Meanwhile, China recorded a trade surplus of $US34bn in January, while the US posted a deficit of $US57bn.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED

Trump’s trade war hits home

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Original article by Jacob Greber, John Kehoe
The Australian Financial Review – Page: 1 & 10 : 5-Mar-18

Deloitte Access Economics has forecast that President Donald Trump’s tariffs on foreign steel and aluminium could lead to a US-China trade war that could reduce Australia’s national income by $A5 billion within a year. Australian silicon exporter Simcoa is facing a tariff of 51 per cent, while Trade Minister Steve Ciobo says Australia may take action against the US over its proposed tariffs. He says it will depend on whether Trump decides to make exemptions for Australia, while Prime Minister Malcolm Turnbull describes protectionism as a "dead end".

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, SIMCOA INTERNATIONAL PTY LTD, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BLUESCOPE STEEL LIMITED – ASX BSL, WORLD TRADE ORGANIZATION, GLOBE SPECIALTY METALS, RIO TINTO LIMITED – ASX RIO