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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, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
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