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Monday, 09 October 17
INDIA'S COAL IMPORTS UP 10% IN SEPT AS POWER PLANTS FACE FUEL SHORTAGE - PTI
 Coal imports rose by 9.5 per cent to 18.33 million tonnes (MT) in September, after having registered year-on-year decline for five months in a row, as some power plants faced fuel shortages.
“Coal imports (all types) in September 2017 stood at 18.33 MT (provisional), against 16.73 MT in September 2016,” according to latest data by m-junction services.
mjunction services is an online procurement and sales platform floated jointly by state-run SAIL and steel behemoth Tata Steel.
There was a revival of coal demand post monsoon rains, mjunction CEO Vinaya Varma said, adding that at present the buyers are looking for restocking for the approaching winter months.
Besides, he said, the healthy growth in coal-fired generation of late has raised coal demand in the country, resulting in higher off-take from domestic sources as well as imports of the material.
“The higher volume of coal and coke imports in September (9.6 per cent year-on-year) is mainly due to a 1.1 MT increase in non-coking coal imports during the month under review. There was also an increase in non-coking coal imports in September 2017 on a month-on-month basis,” according to mjunction.
Of the 18.3 MT of coal imported in September, 12 MT was non-coking coal, followed by coking coal at 4.1 MT and 1.4 MT pet coke among others. In April, the first month of the ongoing fiscal, India’s coal imports declined marginally to 19.08 MT as against 19.63 MT in the same month of 2016-17.
In May, they came down to 18.38 MT as against 19.38 MT a year ago. In June the imports again dropped to 18.22 MT, against 21.50 MT a year-ago. In July, they were at 14.64 MT, down from 19.15 MT. In August, the import of coal were down to 18.80 MT as against 19.75 MT same month of 2016-17.
Import of coal saw a decline of 6.37 per cent to 191.95 MT in 2016-17 on higher production by Coal India Ltd that saw the country move to a regime of surplus coal. CIL accounts for over 80 per cent of the domestic coal production.
Source: PTI
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Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
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Showing 1891 to 1895 news of total 6871 |
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