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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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Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
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- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
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