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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, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
Wednesday, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...
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- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- White Energy Company Limited
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
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