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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, 08 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
Thursday, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- McConnell Dowell - Australia
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