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Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from their peak of 2018, according to Reuters.
For domestic power producers, that import coal, this should come as good news. However, the extent of benefit will be limited as Indian firms import largely from Indonesia and South Africa.
“India does not import much from Australia. The decline is more volatile and is not meaningful for companies to strategise accordingly. There may be some cost advantage due to the fall, but it will not be significant,” said Sharad Mahendra, chief operating officer – energy business, JSW Energy.
Australian coal saw its steepest decline in prices in the past decade, hurt by a weak global growth and lower demand.
“The recent fall in global coal prices — Indonesian coal is down 14 per cent while South African coal has declined 21 per cent in the past six months — is driven by various external factors. The change in investment sentiment in Japan to move away from coal projects, and the record increase in coal production in China and its plans to open new mines are impacting the demand for imported coal,” said Kameswara Rao, partner with PwC India.
JSW Energy, Tata Power and Adani Power use imported coal in their plants and stand to benefit from any downward movement in international coal prices.
Mahendra said while Australian coal prices are influenced by Japanese demand, China decides the fate of coal from geographies like Indonesia. “Prices for South African coal have seen a drop in the past six months, while Indonesian prices are determined more by the changes in global demand,” he said.
According to the Department of Commerce, coal imports from Australia stood at 3.33 million tonnes between April 2018 and January 2019, while imports from Indonesia and South Africa in the same period were at 81.95 million tonnes and 23.69 million tonnes, respectively.
India’s overall coal imports in the first 10 months of financial year 2018-19 (FY19) were 124.4 million tonnes, up 6.75 per cent on a year-on-year basis.
“As India’s coal imports are growing at a lower pace than before, global coal prices should continue to soften,” Rao said.
Officials from JSW Energy said the current fall in prices comes at a time when India will enter a lower power demand period because of monsoons, while peak summer supplies have been tied up.
“Contracts from June onwards will be entered into now, with power demand expected to be lower during monsoons in India, it may not lead to a rise in imports from where it currently is,” Mahendra added.
However, below-normal rains knocking off the hydro capacity may later have an opposite effect.
Source: Business Standard
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
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