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Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory levels. While the non-coking coal import prices have shown signs of recovery as the power demand picked up over May 2020, the coking coal import price is yet to catch up because steel sector demand remains subdued.
Non-coking coal import prices in July declined by about 40 per cent from mid-January (pre-Covid levels) and the coking coal import prices have had fallen by about 25 per cent. Considering the nature of the respective end-user industries, the non-coking coal import prices are likely to pick up gradually while coking coal prices may still take a while to recover, said a India Ratings report.
Production and offtake are subdued till July due to employees union strikes at mines against privatisation combined with the onset of the monsoon season. Domestic coal production was down for the third consecutive month in June on the back of a low power demand and high piling inventory at power stations. The offtake is improving slowly with gradual relaxation in lockdown norms.
China bounces back
However, China’s coal production has bounced back to exceed the previous year’s performance, despite the Covid outbreak, it said.
Domestic coal imports are likely to have been lower in July due to the low domestic demand from end-user industries amid the Covid outbreak.
The government has mandated Coal India to replace at least 100 tonnes of avoidable imports with domestic coal in this fiscal, to reduce imports. The share of imports in the total domestic consumption reduced to 22 per cent in June from 28 per cent in FY’20. While the non-coking coal imports reduced 34 per cent, coking coal imports declined 41 per cent.
Faster implementation of commercial coal mining and associated reforms will be key for a more deregulated and competitive scenario.
Some States’ resistance over environmental concerns for some mines on offer is likely to stall the auction of these blocks. Furthermore, a global shift towards green fuels and simultaneous withdrawal from coal-based energy may be a key challenge to participation of industry players.
Source: The Hindu Business Line
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Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
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- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
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