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Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
 Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was informed on Monday.
Domestic supply of coal during the April-December period of the ongoing financial year stood at 489.89MT, Coal Minister Pralhad Joshi said in a reply in the Rajya Sabha.
“Initially demand of coal for current year i.e. 2020-21 was estimated at 1085 MT. However, due to COVID-19 effect actual demand of coal is likely to be less than estimated demand,” the minister said.
The demand of coal is higher than the current level of domestic supply of the fossil fuel, he added.
In FY’20, the actual demand of coal in the country was 955.26MT while the supply was 706.72MT, Joshi said.
The gap between demand and domestic supply of coal cannot be bridged completely as there is insufficient availability and reserves of prime coking coal in the country, the minister said.
Further, coal is imported by power plants designed on imported coal and high-grade coal required for blending purposes is also imported in the country as this cannot be fully substituted by the domestic sector which has limited reserves of high-grade coal.
The focus of the government is on increasing domestic production of the dry fuel through allocation of more coal blocks, pursuing with state government for assistance in land acquisition and coordinated efforts with Railways for movement of coal, he said.
In order to enhance domestic production, 25 percent of coal production has been allowed for sale in open market for newly allocated captive coal blocks.
Source: PTI
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Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Globalindo Alam Lestari - Indonesia
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- Ministry of Transport, Egypt
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- MS Steel International - UAE
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- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
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- Coalindo Energy - Indonesia
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- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
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- Vedanta Resources Plc - India
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- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
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- CNBM International Corporation - China
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
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- Planning Commission, India
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Metalloyd Limited - United Kingdom
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- Therma Luzon, Inc, Philippines
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- Economic Council, Georgia
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- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
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- ICICI Bank Limited - India
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- Power Finance Corporation Ltd., India
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- Edison Trading Spa - Italy
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- Georgia Ports Authority, United States
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- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
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- Goldman Sachs - Singapore
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- Videocon Industries ltd - India
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- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
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- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
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- Port Waratah Coal Services - Australia
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- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
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- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
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- Uttam Galva Steels Limited - India
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- European Bulk Services B.V. - Netherlands
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- GAC Shipping (India) Pvt Ltd
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- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
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