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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, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...
Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...
Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...
Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...
Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
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Showing 1716 to 1720 news of total 6871 |
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- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
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