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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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Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...
Monday, 03 October 16
THERMAL COAL PRICE SHOOTS UP AND MADE THEIR VERTICAL MOVE IN 5 YEARS; PRICE RALLY CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Monday, 03 October 16
DRY-BULK SHIPPING FREIGHTS SLIDE IN SOFTENING SPOT MARKET
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 30 September 16
U.S. WEEKLY COAL OUTPUT FELL 2.3% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Friday, 30 September 16
OPEC CUT SUPPORTS SLOW OIL RECOVERY, NOT STRONG REBOUND - FITCH
OPEC's oil production target announced this week signals the potential for greater co-ordination among its members, but the target itself is la ...
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- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
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