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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, 07 October 18
SUPRAMAX: INDO-INDIA USUAL COAL RUNS WERE COVERED AT US$ 12K - FEARNLEYS
Capesize
Average daily earnings up close to 15 pct in 5 trading days, thus patience finally paying off for owners of the big ships - Chinese play ...
Sunday, 07 October 18
A CASE FOR 20/20 VISION? IMO'S LOW SULPHUR FUEL LIMIT UNDER MARPOL ANNEX VI WHICH COMES INTO FORCE ON 1ST JANUARY 2020
KNOWLEDGE TO ELEVATE
The implementation of the global 0.5% sulphur cap for bunker fuel under MARPOL Annex VI in just under 18 months’ ti ...
Friday, 05 October 18
COAL PRODUCTION REACHES 64% OF 2018 TARGET : THE JAKARTA POST
National coal production up to August has already reached 311 million tons, or 64 percent of this year's total target of 485 million tons, acco ...
Wednesday, 03 October 18
VALUE OF AUSTRALIAN COAL EXPORTS TIPPED TO DECLINE SHARPLY OVER NEXT 18 MONTHS - THE GUARDIAN
Thermal coal prices forecast to drop 25% and metallurgical coal prices 23% as value of iron ore exports also falls
The value of Aust ...
Wednesday, 03 October 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
The bunker fuel supply and availability landscape is close to its transformation with the enforcement of the IMO’s global 0.5% fuel Sulphur c ...
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- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
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- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- PTC India Limited - India
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- Asmin Koalindo Tuhup - Indonesia
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- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
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- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
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