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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, 11 November 15
VESSEL VALUES ARE DOWN BY AT LEAST 20% SINCE MID-AUGUST - INTERMODAL
I had promised not to spend another broker’s insight focusing on the dry bulk side. However, the sale of the M/V Churchill Bulker (179,362 dw ...
Tuesday, 10 November 15
SELF-HEATING OF COAL HAS EMPHASISED THE IMPORTANCE OF CHECKING THE ACCURACY OF SHIPPER'S DECLARATIONS - GARD
Recent incidents involving self-heating of coal has emphasised the importance of checking the accuracy of shipper’s declarations for all type ...
Tuesday, 10 November 15
API 5 FOB NEWCASTLE COAL SWAP SLIDES CONTINUE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.55 per ton (8.50%) month over month to US$ 38.20 per ton. The swap ...
Monday, 09 November 15
BUNKER PRICES TO KEEP SLIDING THIS WEEK, EXPERT SAYS - MARINE BUNKER EXCHANGE
The oil price volatility has continued this week. Two dollars up one day and the next day two dollars down. The oil market has been trading on the ...
Monday, 09 November 15
CFR SOUTH CHINA THERMAL COAL SWAP FOR Q3' 16 CONTRACT DECLINED US$ 4 PER TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.35 (9.03 %) per ton month over month.
A commodity swa ...
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- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Latin American Coal - Colombia
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