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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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Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
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- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
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