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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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Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. ...


Friday, 30 October 15
INDONESIA'S COAL EXPORTS DROP ON LOW PRICES - THE JAKARTA POST
Indonesia's coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in ad ...


Friday, 30 October 15
CHINESE MINERAL IMPORTS: MOVING ON FROM INDONESIA? - CLARKSONS
China has accounted for almost 90% of global imports of nickel ore and bauxite in recent years and was therefore heavily hit by the Indonesian mine ...


Friday, 30 October 15
COAL PRODUCTION IN THE UNITED STATES INCREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...


Thursday, 29 October 15
IRAN'S RETURN TO OIL MARKETS WILL HAVE TEMPERED IMPACT FOR THE TANKER SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While many analysts appear to be fearful of a potential incremental rise in tanker ships’ supply, as a result of the imminent return of Iran ...


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