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Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
 COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. However, Chinese's utilities increased their coal imports from Indonesia and also expected to buy more coal this month to anticipate winter season.
Alarmed by the falling Indian imports, COALspot.com made some enquiries with Indian counter parties like traders/end users to know the reason behind the less imports of Indonesian coal. According to market information, due to the Un-viability of generation and realization cost, many of the co-generation and private power plants have shut their plants. Hence Indian coal imports were below the normal import level.
An experienced International coal trader based in Chennai said, "bad financial condition of some of the utilities, which are procuring power from a private sector also the part of reason why Indian power producers are reducing coal imports. The payments for earlier supplies of power were in ordinarily delayed. Due to this reason, all units are facing liquidity crunch and unable to meet their import bills".
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However, another importer in opined that, "good monsoon the Hydel power and wind power has come to the rescue of the utilities. Hence utilities reduce their imported coal usage". India's Hydropower accounts for around 22% of India’s installed generating capacity, while coal-fired power plants represent over 50%, according to a data released end of last year.
The increase in the international prices of imported coal also one of the reasons why the cost of generation has become unviable. The (per) unit rate offered by utilities is lesser than the cost of generation, a power producer commented. Hence power producers are forced to reduce their production.
However, according to an Indonesian coal producer, the market was dull for last few weeks and there is no demand for coal. The Coal prices also stand flat for past few weeks. An Indian state owned utility recently concluded a contract with a trader to buy 240,000 MT of non-coking coal at US$ 90.40/ MT for GCV 6000 kcal/kg on adb basis and 15% TM on a delivered basis. The cargo is expected to be supplied from Indonesia.
Indian supreme court restrictions on iron ore mining, many of the sponge iron units were closed down in south India also contributed for lack of demand for imported coal.
Due to the ill effects of all the above reasons, stocks were piled up in Indian ports. As per one estimate, currently around 7 to 8 Mmt imported coal is being held up in various ports.
Multiple reasons together drive Indian coal imports slow.
"Bankers have become very cautious in extending further facilities, and the units are crippled with a squeeze in their cash cycles. One source mentioned that power industry is no more darling of financial institutions and unless this situation is not corrected it may lead to disaster", said a trader.
However, Indian traders are optimise that, they will return back to market soon, as heavy weight coal consumers are expected to be in the market soon. India's Maharashtra State Electricity Board (MSEB) has received offers for 3.35 million tonnes of coal at around $125.00 a tonne CIF from MMTC backed by traders Coal & Oil and traders Gupta Coal, Reuters reported last week. Mahagenco is expected to issue LoI any time this week.
NTPC is expected to be in the market for coal soon either directly or through MMTC and NALCO was already in market for coal.
(TNPL contract qty corrected to 240,000 MT instead of 160,000 MT previously reported - 22/9/2011)
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
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