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Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal.
CIL so long didn’t have to think of demand and meeting the power sector’s requirement was a challenge till recently. Even when the non power sector was starved of coal and had to lift the fuel, paying high premium above notified prices through e-auctions, CIL gave priority to the power sector for supplies. However, with the power sector piling up with 50 million tonne of stocks sufficient for 29 days of consumption, the mining behemoth will now have to focus on marketing and look into the factors that create demand.
A CIL official said the company so long has worked on the supplies side improving facilities to its customers like reduction in reserve prices of coal in auctions and liasoning with the Railways on behalf of the customers but never looked into the mechanism of creating demand. Demand is based on many factors like logistics, freighter movement, fluctuation in international prices, affecting landed cost most importantly the liquidity condition of the consumer. CIL will now have to take into considerations these factors too.
To find the avenues for expanding its supplies, CIL is now focusing on non power sector consumers like sponge iron, cement, fertiliser, captive power plants, and steel, persuading them to replace their imported coal with domestic coal. “Dialogue is on with customers who opted for import substitution in FY20. Until demands picks from the non power sector supplies will be low key,” a CIL official said.
CIL has also developed a portal in which consumers can register the details of their demand for domestic coal towards import substitution and secure allocation of the fuel. CIL has flagged for government’s consideration the case for lower or discounted railway tariff for transportation of quantities of domestic coal booked by consumers which will facilitate import substitution.
Although the company feels the move would result in curtailing forex outgo arising out of coal imports and help CIL expand its supply volumes, CIL continues to be beset with tepid demand for coal with most of the customers shying away from lifting adequate quantities. Power sector, which makes up close to 80% of CIL’s total supplies, is brimming over with nearly 50 million tonne (MT) of coal sufficient for 29 days of consumption ending May 2020. Already many plants have started restricting supplies from CIL further shrinking the despatches of coal companies. For the month of May 2020, power sector at 30.15 MT, lifted only around 75% of coal, from CIL, compared to what it did same month a year ago, resulting in a 10.23 MT slide in supplies. During May 2019, power utilities lifted 40.38 MT of coal.
Meanwhile, the Center has mulled creating a coal exchange in the lines of commodity exchange with a view to open the sector to market forces with the government allowing commercial mining. The coal ministry is likely to begin auctioning of around 50 coal blocks for commercial mining on June 11. The government plans to get ready with the coal exchange with the commercial miners getting ready for production. All the coal produced in the country, including CIL’s will be traded through the exchange online and market forces will determine pricing of coal in a transparent manner.
CIL officials said this form of coal, trading would mean end of the regime of fuel supply agreement (FSA) and coal will be thrown open to the markets. In view of that, CIL, though would continue to remain a lead player, would need to transform itself to a market driven company, for which it is reorienting it marketing to work on creating demand. With the coal sector thrown open to the market, every consumer be it the power or non power sector, will have a level playing field.
Source: Financial Express
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Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
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- Ministry of Finance - Indonesia
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- Posco Energy - South Korea
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- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
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- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
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- AsiaOL BioFuels Corp., Philippines
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- Petron Corporation, Philippines
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- Trasteel International SA, Italy
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- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
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- SMG Consultants - Indonesia
- Mjunction Services Limited - India
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- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
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- Bulk Trading Sa - Switzerland
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- The Treasury - Australian Government
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- Australian Coal Association
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- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
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- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
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- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- The University of Queensland
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- Cement Manufacturers Association - India
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- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
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- Energy Development Corp, Philippines
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