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Tuesday, 25 August 20
INDIA'S IMPORTS FALL AS LOCKDOWNS IMPACT THE POWER AND INDUSTRIAL SECTORS - REPORT
India is the world’s second largest thermal coal consumer and importer, importing an estimated 211 million tonnes of thermal coal in 2019. The Indian government ordered a lockdown in late March, which was subsequently extended until the end of June, although only for key containment zones. India’s imports grew slightly year-on-year in the March quarter, but the lockdown saw imports fall in April as buyers deferred shipments from South Africa, Indonesia and Australia scheduled for the coming month, said Office of the Chief Economist’ of Australia in its Resources and Energy Quarterly June 2020 report in early July 2020.
The fall in India’s imports was the result of a sharp contraction in demand coupled with resilient domestic output. As India went into a COVID-related lockdown in March, power demand plunged as did demand for thermal coal in electricity generation. The lockdown also affected industrial thermal coal demand, especially in the sponge iron and cement production sectors. India’s sponge iron sector uses an estimated 25-30 million tonnes of imported thermal coal each year, largely from South Africa.
The report further noted, India’s domestic coal output initially withstood the impacts of COVID-19. Production from state-owned Coal India which accounts for about 80 per cent of India’s coal output reached a monthly record in March, as the miner sought to reach its production target for Indian fiscal year (April to March) 2019-20. Coal stocks at mines, industrial facilities, ports and power plants climbed to record highs in April. With excess supply mounting, the Indian government urged state-owned generation companies to use domestic coal ahead of imports. India’s Power Ministry issued a directive for power plants to cut their use of imported coal. India’s thermal coal imports are forecast to decline sharply by over 40 million tonnes to 167 million tonnes in 2020, due to the demand-side impacts of COVID-19.
According to Resources and Energy Quarterly June 2020 report, record high inventories will take some time to run down and will weigh on India’s thermal coal imports in the short term, and India’s domestic coal production has been resilient to the disruptive effects of the virus. Domestic mining operations have been allowed to continue throughout the lockdown and coal producers have been directed to proceed in accordance with their annual production targets. Stated-owned Coal India has a production target of 710 million tonnes in Indian fiscal year (April to March) 2020–21. India’s thermal coal imports are expected to recover gradually over the next two years to reach 185 million tonnes in 2022, as the country’s electricity demand picks up and industrial activity resumes. However, the bounce back is expected to be constrained by government targets and policy. In February 2020, India’s Minister for Coal and Mines announced India would aim to stop importing thermal coal from Indian fiscal year 2023-24 (instead relying on domestic production). While this has been a long-term goal for India and there are considerable barriers to its achievement, the announcement signals a renewed intent to reduce thermal coal imports.
The Indian government’s strategy to increase domestic production has several elements. The first is to boost production by state-owned companies, particularly Coal India. Coal India has a production target of 1 billion tonnes by Indian fiscal year 2023-24, , said Resources and Energy Quarterly June 2020 report of Office of the Chief Economist’ of Australia.
The second strategy is to increase production by the private sector. The Indian government has introduced a number of reforms to encourage private investment, including opening up the country’s coal sector to foreign direct investment and changing the rules governing coal mine auctions. While India will likely fall short of its production targets, government policy is nevertheless expected to propel Indian coal production higher over the next few years.
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Friday, 06 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
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- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
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