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Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
 COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. However, Chinese's utilities increased their coal imports from Indonesia and also expected to buy more coal this month to anticipate winter season.
Alarmed by the falling Indian imports, COALspot.com made some enquiries with Indian counter parties like traders/end users to know the reason behind the less imports of Indonesian coal. According to market information, due to the Un-viability of generation and realization cost, many of the co-generation and private power plants have shut their plants. Hence Indian coal imports were below the normal import level.
An experienced International coal trader based in Chennai said, "bad financial condition of some of the utilities, which are procuring power from a private sector also the part of reason why Indian power producers are reducing coal imports. The payments for earlier supplies of power were in ordinarily delayed. Due to this reason, all units are facing liquidity crunch and unable to meet their import bills".
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However, another importer in opined that, "good monsoon the Hydel power and wind power has come to the rescue of the utilities. Hence utilities reduce their imported coal usage". India's Hydropower accounts for around 22% of India’s installed generating capacity, while coal-fired power plants represent over 50%, according to a data released end of last year.
The increase in the international prices of imported coal also one of the reasons why the cost of generation has become unviable. The (per) unit rate offered by utilities is lesser than the cost of generation, a power producer commented. Hence power producers are forced to reduce their production.
However, according to an Indonesian coal producer, the market was dull for last few weeks and there is no demand for coal. The Coal prices also stand flat for past few weeks. An Indian state owned utility recently concluded a contract with a trader to buy 240,000 MT of non-coking coal at US$ 90.40/ MT for GCV 6000 kcal/kg on adb basis and 15% TM on a delivered basis. The cargo is expected to be supplied from Indonesia.
Indian supreme court restrictions on iron ore mining, many of the sponge iron units were closed down in south India also contributed for lack of demand for imported coal.
Due to the ill effects of all the above reasons, stocks were piled up in Indian ports. As per one estimate, currently around 7 to 8 Mmt imported coal is being held up in various ports.
Multiple reasons together drive Indian coal imports slow.
"Bankers have become very cautious in extending further facilities, and the units are crippled with a squeeze in their cash cycles. One source mentioned that power industry is no more darling of financial institutions and unless this situation is not corrected it may lead to disaster", said a trader.
However, Indian traders are optimise that, they will return back to market soon, as heavy weight coal consumers are expected to be in the market soon. India's Maharashtra State Electricity Board (MSEB) has received offers for 3.35 million tonnes of coal at around $125.00 a tonne CIF from MMTC backed by traders Coal & Oil and traders Gupta Coal, Reuters reported last week. Mahagenco is expected to issue LoI any time this week.
NTPC is expected to be in the market for coal soon either directly or through MMTC and NALCO was already in market for coal.
(TNPL contract qty corrected to 240,000 MT instead of 160,000 MT previously reported - 22/9/2011)
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Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
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- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
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