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Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
 Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. During April-June 2010, the output rose 4.6% compared to 4.3% in the year-ago quarter.
Coal production, which declined 0.4%, was the biggest drag on the core sector output in the June quarter. Weak growth in coal production in the recent months is a consequence of lower coal offtake. Coal India — India’s largest coal producer — claims it has not been able to get enough rail wagon combinations or rakes to transport the mined coal. Shortage of rail wagons is also resulted in imported coal lying idle in ports. This is likely to affect power, steel and cement sectors as coal is one of the key materials used by these industries.
Crude oil production rose 5.9% during the quarter, mainly due to higher output by private and JV companies, including RIL. Refinery output grew 5.3% on the back of resurgent energy demand in a recovering global economy.
Growth in cement production also moderated to 7% from 12.1% during the year-ago quarter. A better mon-soon in the current year compared to the previous year also led to lower demand for cement by the construction sector. Also, with the Commonwealth Games around the corner, demand for cement from this segment is largely over.
Steel production remained robust on the back of high demand from end use industries like automobiles and capital goods.
As part of the annual plan 2010-11, the planning commission has projected all India demand of coal at 656.31 million tonnes against which the indigenous supply plan is envisaged at 573.42mt with a demand-supply gap of 82.89mt.
Insufficient/poor coal supplies have resulted in a raw material shortage for the power and cement industries. India’s thermal coal imports surged last year to a little less than 60mt from about 30mt in 2008, according to a report by the Macquarie Group. India plans to almost double its power generation capacity by 2012, when the shortage of coal will exceed 200mt.
In order to bridge the demand-supply gap of thermal coal in the country, Coal India plans to import 8mt of thermal grade coal for supplies to NTPC in 2010-11. However, in the absence of adequate infrastructure and expertise in international trade, CIL had nominated MMTC to import on its behalf.
Importing coal is more expensive for India but it is forced to do so, not for the want of reserves, but for the speed at which reserves are developed in India. Commercialising a mine can take 15 years — three times longer than in other countries, according to KPMG.
Buying Overseas
India has traditionally looked to Indonesia for imports. Rising domestic demand there and the large volumes involved are prompt-ing Indian companies to look further at mines in Mozambique, Botswana and Australia.
Private power companies — including Tata Power, Reliance Power, GMR Infrastructure and JSW Energy — have acquired coal assets overseas in Indonesia and South Africa. NTPC, the state-owned company, plans to buy mines overseas to source 67% of its imports.
While NTPC plans to directly import coal, cement makers, including ACC, Grasim and Jaypee Cement, have directed Adani Enterprises to import coal for them. Adani plans to import 4 lakh tonnes from Australia’s Linc Energy for Australian $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Friday, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
Thursday, 03 October 13
INDONESIA AUGUST COAL EXPORTS FALL 12.90 % FROM JULY TO 30.71 MIL MT
COALspot.com: Indonesia, the 15th largest economy in world, 4th largest coal producer in world and world's largest multi grade coal exporter ...
Thursday, 03 October 13
TOP FOUR U.S. COAL COMPANIES SUPPLIED MORE THAN HALF OF U.S. COAL PRODUCTION IN 2011 - EIA
In the past two years, more than half of U.S. coal production was attributable to the top four coal producers, the result of changes in regional pro ...
Thursday, 03 October 13
HANDY: PERIOD MARKET STAND IN GOOD POSITION - FEARNRESEARCH
Handy
Nickel ore and Bauxite was active last week but slowed down now due to Chinese holidays. Ships opened in North China fixed at US$ 11-13k leve ...
Wednesday, 02 October 13
DRY BULK MARKET IS STILL MAINTAINING ITS UPWARD DIRECTION
Chartering (Wet: Stable- / Dry: Firm+)
Despite the fact that rates for Capes didn't continue their crazy ride this past week, the Dry Bulk market ...
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- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Australian Coal Association
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
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