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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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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
Monday, 04 November 19
PANAMAX: WEAKER SENTIMENTS CONTINUED FROM LAST WEEK, WITH RATES FURTHER SOFTENING IN BOTH BASINS - BALTIC BRIEFING
Capesize
The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, t ...
Thursday, 31 October 19
U.S. COAL-FIRED POWER PLANTS SCHEDULED TO SHUT - REUTERS
U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,30 ...
Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, ...
Monday, 28 October 19
ULTRAMAX: ASIA RATES REMAINED UNDER PRESSURE WITH THE NORTH LACKING FRESH ENQUIRY - BALTIC BRIEFING
Capesize
The end of the week brought about a small increase in sentiment heading into a long weekend for some regions. After sustaining a drop ...
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- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
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