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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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Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
Thursday, 24 September 20
SUPRAMAX: INDO TO INDIA FIXING AROUND US$13,000 - FEARNLEYS
Cape
Over the last week the iron ore segment from Brazil to China has picked up, and we see freight rates up USD 2 (12%) week on week Fearnleys ...
Thursday, 24 September 20
KOREA MIDLAND POWER TO BUY 1.92 MILLION TONS OF 4,300-4,700 NCV COAL FOR THREE YEARS
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 640,000 MT 4,300-4,700 kcal/kg NCV coal per year.
...
Wednesday, 23 September 20
VIETNAM'S NEW POWER DEVELOPMENT PLAN MUST OPTIMIZE RENEWABLES AND AVOID FOSSIL FUEL LOCK-IN: IEEFA
EVN’s financial constraints leaves the utility with little room for error
Implementing Vietnam’s soon-to-be-launched next Power De ...
Wednesday, 23 September 20
MARKET INSIGHT - INTERMODAL
Undoubtedly, this year (ongoing) will never be forgotten because in a matter of months it has managed to severely affect and shape our day to day p ...
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Showing 776 to 780 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
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