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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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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
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- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Australian Coal Association
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- The University of Queensland
- White Energy Company Limited
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
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