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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, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- VISA Power Limited - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
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