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Tuesday, 09 June 20
INDIA: COAL IMPORT DROPS BY 20% TO NEARLY 19 MILLION TONNES IN MAY, SAYS REPORT - HINDUSTAN TIMES
The country’s coal import dropped by 20 per cent to 18.93 million tonnes (MT) last month, industry data showed.
The government is planning to bring the country’s ‘avoidable coal imports’ to zero by 2023-24. Demand for coal import is expected to remain subdued in the short-term given the high coal stock levels in pithead and power plants, according to mjunction.
The coal import in May last year stood at 23.57 MT, it said. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company that also publishes research reports on coal and steel verticals. However, coal import during last month through the major and non-major ports is estimated to have increased by 10.76 per cent over April 2020, according to a provisional compilation by mjunction services limited, based on monitoring of vessels’ positions and data received from shipping companies.
“The slight uptick in May imports over the previous month might have resulted from the partial re-start of operations in some sectors as well as the continued softness in coal prices in the international markets. “However, given the high coal stock levels in pithead and power plants, we expect import demand to remain subdued in the short-term,” mjunction MD and CEO Vinaya Varma said.
Import of coal in May stood at 18.93 MT (provisional) as compared to 17.09 MT (revised) in April 2020, mjunction said. Of the total imports last month, the import of non-coking coal was at 13.22 MT, against 12.28 MT in April.
Coking coal imports were at 3.81 MT in May, up from 3.23 MT imported a month ago.
During April-May, total coal import was at 36.02 MT, registering a decline of 27.83 per cent from 49.90 MT imported during the same period of the previous year.
During April-May, non-coking coal imports stood at 25.50 MT, from 35.35 MT imported during April-May 2019.
Coking coal imports were at 7.04 MT during April-May, down from 8.77 MT earlier.
Coal India Ltd (CIL), which accounts for over 80 per cent of the domestic fuel output, has been mandated by the government to replace at least 100 MT of imports with domestically-produced coal in the ongoing fiscal.
The Centre had earlier asked power generating companies, including NTPC, Tata Power and Reliance Power, to reduce import of the dry fuel for blending purposes and replace it with domestic coal.
The power sector is a key coal consumer.
Prime Minister Narendra Modi had also given directions to target thermal coal import substitution, particularly when huge coal stock inventory is available in the country this year.
Coal Minister Pralhad Joshi had earlier written to state chief ministers asking them not to import coal and take domestic supply from CIL, which has the fuel in abundance.
The country’s coal imports increased marginally by 3.2 per cent to 242.97 MT in 2019-20.
Source: Hindustan Times
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Monday, 20 July 20
COAL INDIA LAUNCHES SPECIAL CATEGORY OF E-AUCTION FOR COAL IMPORTERS - BUSINESS STANDARD
Coal India (CIL) on Friday launched a special category of e-auction for importers of coal. This is in line with the government’s declaration ...
Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after t ...
Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With ...
Friday, 17 July 20
MISC MALAYSIA ENTERS INTO PURCHASE AGREEMENTS AND TIME CHARTER PARTIES FOR SIX VLECS
MISC Berhad (MISC) has entered into Memorandum of Agreements (MOAs) with six indirect wholly-owned subsidiaries of Zhejiang Satellite Petrochem ...
Wednesday, 15 July 20
HOW MEANINGFUL ARE SOME ESTIMATES FOR INDIA’S COAL CONSUMPTION DATA? - IEEFA
In recent years, BP's estimates for India have contained what appears to be a record of over-optimistic projections
BP’s a ...
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- Eastern Energy - Thailand
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- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
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- The Treasury - Australian Government
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- Wood Mackenzie - Singapore
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- Planning Commission, India
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- Indonesian Coal Mining Association
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- Georgia Ports Authority, United States
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- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
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- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Australian Coal Association
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- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
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- Pendopo Energi Batubara - Indonesia
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- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
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- Rio Tinto Coal - Australia
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- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
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- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
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- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
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- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Ministry of Mines - Canada
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- Karbindo Abesyapradhi - Indoneisa
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- Anglo American - United Kingdom
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- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
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- European Bulk Services B.V. - Netherlands
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- Jindal Steel & Power Ltd - India
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- Minerals Council of Australia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
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