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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, 16 October 15
MAJOR REVISION OF NYPE TIME CHAPTER PARTY - BIMCO
Major revision of NYPE time charter party promises to be both balanced and comprehensive
BIMCO has today jointly issued the first revision of ...
Friday, 16 October 15
FOB INDONESIA COAL SWAP FOR Q4'15 DELIVERY FLAT WEEK OVER WEEK; DOWN 5.5 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and flat week over week.
The Q4 swap declined $ 2.23 (-5.51%) ...
Friday, 16 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK; DOWN 11.3 PER CENT Y-Y, DOWN 3.5 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.1 million shor ...
Friday, 16 October 15
INDONESIA REJOINING OPEC DESPITE BEING A NET IMPORTER OF PETROLEUM - EIA
The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country's request to reactivate its ...
Thursday, 15 October 15
INDONESIA COAL PRICE REFERENCE FALLS FOR SEVEN STRAIGHT MONTH IN OCTOBER
COALspot.com - The Director General of Mineral and Coal of Indonesia once a again revised down Indonesian coal benchmark price this month.
The ...
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- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Minerals Council of Australia
- White Energy Company Limited
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
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