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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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Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
Sunday, 02 December 18
TRADE WAR LEADING TO HEADWINDS FOR THE FRAGILE DRY BULK RECOVERY - PETER SAND, BIMCO
The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which ...
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- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Australian Coal Association
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Planning Commission, India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
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