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Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
 COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. According to an Indian coal trader, due to the pricing structure of RB2 coal, Indian consumers are preferred to stay with RB2 coal, the CFR price of RB2 coal is significantly lower compared to RB1 coal price. The RB1's high energy value is not supported to keep its market share in India and lost its majority of market share to RB2 coal.
However, the trader further noted that RB2 coal can enjoy its demand in India until the coal’s CFR price is able to compete with Indian washed coal of 4700 GAR energy. Sea Freight is also playing a significant role to keep South African RB2 coal competing in India. According to the trader, if RB2 coal's CFR price crosses US$ 50 per ton, the coal may lose demand in India as evaluated price of Indian washed coal will compete with RB2 on delivering basis.
Coal India, the single largest coal producer in the world, is now operating like a private coal miner and removing most of the hurdles that worked against buyers of Indian coal in the past, says a person familiar with the Indian domestic coal supplies. The coal India is now working with buyers of Its coal too closely and offering attractive terms to compete with imported coal. Recently Coal India has also removed premium that charged to buyers in the past if the buyer's requirement exceeds their allocation.
According to a trader, the quality of Indian washed coal is almost similar to RB2 coal except for energy value. When RB2 coal prices cross US$ 50 a ton, then the evaluated price of Indian washed coal will compete head-to-head with RB2 coal in Indian domestic market. The Cement producers. whose factories are closer to the Indian coal belts, considering switching part of their requirements to Indian washed coal from RB2 coal because the CFR price of RB2 coal is now touching US$ 50 a ton. However, he also pointed that, RB2 coal's demand will not be dried up like RB1 coal and the demand for RB2 coal may reduce from the current level.
RB2 coal's CFR prices were around US$ 44 per ton end of 2015, however, the price of RB2 coal now at (slightly below) US$ 50 per ton.
Commenting on Australian coal supplies to India, another trader said that, the Australian coal is having good demand and reception in Indian market. However, due to uncertainty of arrival of cargo within agreed lay-can, Indian end-users are reluctant to consider Australian coal compare to Indonesian or South African coal. Past few months, some of Australian coal shipments were failed to arrive at discharging ports within the agreed lay-can due to congestion in Australian coal exporting ports.
Indian private sector coal demands were flat or up slightly, but the public sector demands were falling, Indian domestic coal replacing Imported coal in the Public sector.
The demand of Imported coal in India in the second half of this year may fall slightly compared to previous years due to high output from coal India, wind power & hydro energy. However, the CFR price of imported coal will also play a significant role to decide the direction of demand for imported coal in India.
Hydroelectric power in India, according to Wikipedia, the present installed capacity as of February 2016 is 42,663 MW, which is 15.22% of total electricity generation in India. India Meteorological Department (IMD) on Tuesday (12 April) released southwest monsoon forecast for 2016 and said that 94 per cent of more than excess to heavy rainfall is predicted for this year. According to IMD, this year monsoon will be above normal. More or less, Monsoon 2016 is expected to be good.
Wind power accounts nearly 8.5% of India's total installed power generation capacity and generated 28,214 million Kwh (MU) in the fiscal year 2014-15 which is nearly 2.6% of total electricity generation, says Wikipedia. The capacity utilization factor is nearly 15 % in the fiscal year 2014-15. 70% of wind generation is from May to September, coinciding with South West monsoon duration.
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Friday, 03 February 17
KOMIPO INVITES BIDS FOR 1.13 MILLION TONS OF BITUMINOUS COAL FOR Q2' 17
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 1,130,000 Metric Tons of Bituminous coal f ...
Friday, 03 February 17
U.S. WEEKLY COAL PRODUCTION DECLINED 3.9% W/W; ROSE 17.7% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 03 February 17
US - EXECUTIVE ORDER ON IMMIGRATION AFFECTS VESSEL CREWS - GARD
From 27 January 2017, crew members carrying Iraqi, Syrian, Sudanese, Iranian, Somalian, Libyan or Yemeni passports are temporarily barred from ente ...
Wednesday, 01 February 17
MARKET INSIGHT - PANOS TSILINGIRIS
The recent placement of LOIs for 208kdwt Newcastlemax Newbuildings at $38.5m at Private Chinese Yard identifies with the modern history low for dry ...
Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
Unlike the typical lull in the market that we note during the period just prior to the Chinese New Year, 2017 has proved to be fairly m ...
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- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Parliament of New Zealand
- GMR Energy Limited - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
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