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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, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
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