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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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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Pendopo Energi Batubara - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
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- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
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- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
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- Minerals Council of Australia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
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- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
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- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
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- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
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- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
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- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The University of Queensland
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- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
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- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
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- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
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