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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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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevai ...
Friday, 22 February 19
AUSTRALIAN HIGH CV THERMAL COAL PRICES AT 19-MONTH LOW, BUT NOT FOR LONG - WOOD MACKENZIE
The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has be ...
Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that ow ...
Wednesday, 20 February 19
SHIPPING MARKET INSIGHT - INERMODAL
Market experts mostly agree that the recent dry bulk market downtrend was caused by seasonal slowdown amid the Chinese New Year celebrations in com ...
Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
...
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- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- White Energy Company Limited
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
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