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Saturday, 30 August 14
INDIAN GOVERNMENT SHOULD TAKE NOTICE: THERMAL COAL IMPORT PRICES EXTREMELY LOW - COMMODORE RESEARCH
COALspot.com: Both Indonesian and Australian thermal coal prices are at the lowest levels seen this decade, with Indonesia's monthly benchmark thermal coal price last marked at approximately $70/ton and Australian thermal coal currently selling for approximately $69.50/ton, said Commodore Research & Consultancy in its latest analysis report. These are the lowest levels seen this decade. In addition, the average daily price to charter a panamax vessel now stands at $6,941/day, which is only slightly higher than operating costs.
According to Jeffrey Landsberg, Managing Director of Commodore Research, Indian power plant coal stockpiles have now fallen below 9 million tons, which is a critically low level that is the lowest amount seen in twenty-three months and India is in dire and immediate need of more thermal coal. Commodore Research further noted that, at the same time, Indian electricity demand continues to surge and growth in hydropower production remains much lower than seen in previous years, as India has experienced a much weaker than normal monsoon season this year.
Commodore Research is in view that, there is one favorable element on the side of the Indian government however. Thermal coal import prices are at the lowest level seen this decade and panamax shipping costs are also still low. The time for India to take advantage of low thermal coal import prices (and currently low panamax shipping rates) is now. While India's government has had to contend with critically low power plant coal stockpiles, the nation is very fortunate that both thermal coal import prices and panamax shipping rates are low.
India's citizens should not be left without power. Fortunately for the nation, India's domestic coal supply shortage is coinciding with an environment that is extremely advantageous for thermal coal imports.
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Saturday, 27 September 14
OIL MARKET CONTANGO: SPECULATION ON FUTURE PRICES CAN BE A RISKY MOVE, EVEN FOR TANKER OWNERS HELLENIC SHIPPING NEWS
Despite the fact that tanker owners can easily use their vessels as floating storage units for oil, in a bid to exploit the current oil market dyna ...
Saturday, 27 September 14
MORE COAL MINERS AGREE TO AMEND CONTRACTS - THE JAKARTA POST
The Energy and Mineral Resources Ministry is in a rush to beat a deadline for the conclusion of numerous memorandums of understanding (MoUs) with t ...
Friday, 26 September 14
INDIA SUPREME COURT RULING TO HIT STEEL, UTILITY EARNINGS, SAYS FITCH
COALspot.com: The 24 September Supreme Court of India (SCI) decision to cancel almost every coal block allocation since 1993 will have a negative f ...
Friday, 26 September 14
U.S WEEKLY COAL PRODUCTION FELL 1.8% WEEK OVER WEEK, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.80 million short tons (mmst) of c ...
Friday, 26 September 14
ORACLE SIGNS EPC FRAMEWORK AGREEMENT WITH SEPCO FOR COAL MINE AND POWER PLANT IN PAKISTAN
COALspot.com: Oracle Coalfields PLC, the UK developer of a lignite coal mine and power plant in the south-eastern Sindh Province, Pakistan, has ann ...
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- Deloitte Consulting - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- The University of Queensland
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Australian Coal Association
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
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