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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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Tuesday, 13 September 11
CAPITAL COSTS OF INDIAN COAL MINING PROJECT - AN ANALYST VIEW
By Mr Dipesh Dipu, Director - Consulting (Mining), Deloitte Touche Tohmatsu India Private Limited
The coal mining sector that has been opened par ...
Tuesday, 13 September 11
INDONESIAS COAL SECTOR EYES 2012 BOOM - JG
The Jakarta Globe, Indonesian English language News paper reported that, Coal production is set to surge next year as coal miners bolster their busi ...
Tuesday, 13 September 11
DRY BULK RALLY MAINTAINS MOMENTUM AT START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum at the start of the week, as the industry’s benchmark, the Baltic Dry Index (BDI) was up by 2.07% ...
Monday, 12 September 11
INDONESIAN GOVERNMENT HAS ALLOCATED MORE COAL FOR 2012
COALspot.com - Indonesian government has increased the domestic market obligation allocation to 82.07 million tons of coal for 2012, which is 4 perc ...
Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
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- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
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