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Friday, 23 October 15
WILL INDIAN DOMESTIC COAL PRICES BE ABLE TO COMPETE IMPORTED COAL PRICES IF THE CURRENT TREND CONTINUES?
Coal excavatorCOALspot.com: The Most of the Indian end-users are waiting for last minute purchase to enjoy every drop in price. Coal procurement managers are also encouraged this strategy to avoid  blames from Senior officers in case prices drop further after the conclusion of any deal, said a Thermal Coal Consultant  based out of Mumbai.

He further said that,  In addition, Indian as well as International traders are lining up in front of each end-users seeking an opportunity to supply their spot cargo. Such situation makes Coal procurement Manages more challenging and enjoying.

On commenting on pricing, the consultant noted that, on the pricing, recently a client has finalized at $32 on CFR  Paradip for a Geared Supramax 4200 GAR coal of Indonesian origin, delivery during Nov 2015.

On the RB1 coal, clients are getting offers below $55 CIF West Coast for a Cape vessel cargo delivery during Nov 15.   In addition to the already squeezed prices, now  clients are also demanding Disport quality final instead of load port final. The Indian buyers are also seeking a 90-180 days clean credit pressuring Traders to consider.

On the Domestic coal production, Coal India is producing at 9% higher and  are aiming to reach 1Bln Ton by 2020 as per Govt. plan.

“ A question comes to my mind whether domestic coal will be able to compete against imported coal if current trend continue?”, the consultant asked.

The East Coast based power plants find Indonesian coal still substantially cheaper compared to Domestic coal prices.   Similar case might be applied to West Coast Based Power Plants, he concluded. 


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Sunday, 22 November 15
INDONESIA TO INDIA FREIGHT RATES TO REMAIN DULL NEXT WEEK
COALspot.com: The BDI was down to historical lows closing at 498 points which is down by almost 95.77 per cent compared to 11,800 points in 2008. ...


Sunday, 22 November 15
INDIA COULD PROVIDE SILVER LINING FOR SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
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Friday, 20 November 15
U.S. COAL PRODUCTION FOR THE WEEK ENDING NOVEMBER '14; NO CHANGE FROM LAST WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.5 million shor ...


Friday, 20 November 15
NO IMPROVEMENT SEEN IN NEAR-TERM COAL DEMAND; SWAPS CLOSE LOWER
COALspot.com: Indonesian coal swap for delivery Q1 2016 declined month on month and flat on week over week. Price of coal seen no improvements this ...


Friday, 20 November 15
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