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Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed, with electricity demand boosting imports as fuel use outpaced supply.
Inventories held by power plants fell by 12.6% to 20.58 million metric tons in the sharpest fortnightly decline since the second half of September 2021. Stocks fell to their lowest level since November 2021.
While India’s power demand typically peaks during May, unusually dry weather and an uptick in economic activity has boosted consumption this month.
Stockpiles fell as coal-fired power generation jumped 33% year on year – much faster than the 21.6% increase seen in September. Utilities faced a 20.4% increase in power demand and a 26.8% decline in hydropower output, data from the federal grid regulator showed.
India also ramped up coal-fired power output to make up for a seasonal decline in generation from renewable sources such as wind and solar, whose share in total output fell to 10.1% in the first half of this month from 12.1% in September, the data showed.
The demand surge was so steep that coal stockpiles at power plants fell despite state-run Coal India, the dominant miner, ramping up supplies to power plants by 6% year on year to 23.5 million tons between Oct 1 and Oct 15.
Higher coal-fired power generation is driving an increase in imports, with India-bound shipments of thermal coal set to increase to 19.35 million tons in October, the highest level since June 2022, data from analytics firm Kpler showed.
There was also a nearly three-fold surge in natural gas-fired power generation in the first half of October to 1,993 million kilowatt-hours (kWh), up from 700 million kWh a year earlier.
Stepped-up buying of seaborne thermal coal and liquefied natural gas by India could boost global benchmark prices, which have also benefited from Chinese demand in recent months.
“Steady coal prices and increased demand ahead of the festive season and after the monsoon are the main factors driving the Indian imports,” a Indian coal trader said.
The power demand spike also resulted in more outages in parts of the country. Average shortages jumped by 33.1% to 19.3 million kWh a day during the first half of October from 14.5 million units in September, the grid regulator data showed.
Power cuts reported by states to the regulator nearly halved during the first nine months of this year but have increased in recent weeks, the data showed.
Source: Reuters
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- PTC India Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
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