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Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
 Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. During April-June 2010, the output rose 4.6% compared to 4.3% in the year-ago quarter.
Coal production, which declined 0.4%, was the biggest drag on the core sector output in the June quarter. Weak growth in coal production in the recent months is a consequence of lower coal offtake. Coal India — India’s largest coal producer — claims it has not been able to get enough rail wagon combinations or rakes to transport the mined coal. Shortage of rail wagons is also resulted in imported coal lying idle in ports. This is likely to affect power, steel and cement sectors as coal is one of the key materials used by these industries.
Crude oil production rose 5.9% during the quarter, mainly due to higher output by private and JV companies, including RIL. Refinery output grew 5.3% on the back of resurgent energy demand in a recovering global economy.
Growth in cement production also moderated to 7% from 12.1% during the year-ago quarter. A better mon-soon in the current year compared to the previous year also led to lower demand for cement by the construction sector. Also, with the Commonwealth Games around the corner, demand for cement from this segment is largely over.
Steel production remained robust on the back of high demand from end use industries like automobiles and capital goods.
As part of the annual plan 2010-11, the planning commission has projected all India demand of coal at 656.31 million tonnes against which the indigenous supply plan is envisaged at 573.42mt with a demand-supply gap of 82.89mt.
Insufficient/poor coal supplies have resulted in a raw material shortage for the power and cement industries. India’s thermal coal imports surged last year to a little less than 60mt from about 30mt in 2008, according to a report by the Macquarie Group. India plans to almost double its power generation capacity by 2012, when the shortage of coal will exceed 200mt.
In order to bridge the demand-supply gap of thermal coal in the country, Coal India plans to import 8mt of thermal grade coal for supplies to NTPC in 2010-11. However, in the absence of adequate infrastructure and expertise in international trade, CIL had nominated MMTC to import on its behalf.
Importing coal is more expensive for India but it is forced to do so, not for the want of reserves, but for the speed at which reserves are developed in India. Commercialising a mine can take 15 years — three times longer than in other countries, according to KPMG.
Buying Overseas
India has traditionally looked to Indonesia for imports. Rising domestic demand there and the large volumes involved are prompt-ing Indian companies to look further at mines in Mozambique, Botswana and Australia.
Private power companies — including Tata Power, Reliance Power, GMR Infrastructure and JSW Energy — have acquired coal assets overseas in Indonesia and South Africa. NTPC, the state-owned company, plans to buy mines overseas to source 67% of its imports.
While NTPC plans to directly import coal, cement makers, including ACC, Grasim and Jaypee Cement, have directed Adani Enterprises to import coal for them. Adani plans to import 4 lakh tonnes from Australia’s Linc Energy for Australian $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
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- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
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