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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
 Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward revision of coal prices by government-owned Coal India Limited (CIL), which took place last week, is likely to have a divergent impact on the fossil fuel’s primary consumers such as cement, power and steel sectors. While cement makers’ margins will be under pressure, power producers will make a move to pass on the increased burden to consumers.The three sectors account for about 72 per cent of the total coal demand in the country.
On October 16, CIL increased the price of coal from Eastern Coalfields (ECL) and Bharat Coking Coal (BCCL) by 15 per cent, while all other subsidiary companies were permitted a hike of 10 per cent. This price increase is expected to swell CIL’s net profit by approximately Rs 2,000 crore this financial year and by about Rs 4,100 crore in the following year.
However, for the consuming sectors, especially the cement industry, the increase in coal prices will squeeze profit margins at a time when prices are already low due to rapid capacity augmentation.
Despite the fact that coal accounted for around two-thirds of the power and fuel cost, and 20 per cent of the total cost for cement manufacturers, firms would be unable to pass on the hike in coal prices to end users due to the current business environment, a report by Crisil Research suggested.
“The recent coal price hike will increase the cost of cement by Rs 3-4 a bag. However, this has been absorbed by manufacturers in the short-term. In the long run, though, if conditions are right, we could pass on the cost,” Cement Manufacturers Association President and Shree Cement Managing Director HM Bangur said. For the power sector, though, the impact of the upward revision of coal prices would be neutral, as the rise in cost of fuel would be passed on by the generators.
On an average, tariffs of power plants using domestic coal as fuel are expected to increase by 3-4 per cent. In rupee terms, the tariffs are expected to increase on an average by Rs 0.06 a unit. The rise is expected to increase the tariffs for final power consumers as the price hike will be passed on, the Crisil report further stated.
With the respective regulatory authorities of each state overseeing power tariffs, generators would first have to ascertain the increase in input costs and then approach the regulator for approval.
However, with the coal mixture of each generator differing, the choice being between CIL coal and that of the imported variety, it would take sometime before power utilities decide on the actual magnitude of the increase in tariff. “But 100 per cent, we will have to pass on the cost,” an official from the RPG’s power utility CESC said.
As for the steel industry, the Crisil report indicated that the coal price hike by CIL was not expected to have a significant impact on the steel industry as non-coking coal, which was primarily used by the sector, did not account for a significant portion of the total cost of steel manufacturing, except for steel made through the sponge iron route. Moreover, the dependence of domestic steel producers on CIL is only 25-35 per cent of their total requirement due to the availability of captive mines and imports. But Visa Steel Chairman and President of the Indian Chamber of Commerce Vishambhar Saran said the ex-pit head prices of CIL were already comparable to international prices, barring the freight factor cost. “The cost of setting-up a plant is higher if one is to use domestically available coal as compared to imported coal. This is because the former is of inferior quality and consequently extra costs such as ash disposal must be counted into the total project cost,” he added.
Source: Business-Standard
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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Parliament of New Zealand
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
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