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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 $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
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- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
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