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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, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities ...
Friday, 29 August 14
U.S. WEEKLY COAL PRODUCTION DROPS 1.3 PERCENT, EIA SAYS
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Friday, 29 August 14
ADARO'S PROFITS SINK FURTHER AMID FALL IN COAL PRICES - JP
Adaro Energy, one of the country’s largest coal miners, has reported a 31 percent drop in net profit in the first half of this year as global ...
Friday, 29 August 14
CHINESE LIGNITE IMPORTS: QUANTITY OVER QUALITY? - CLARKSONS
In the first half of 2014, Chinese seaborne coal imports declined 0.4% y-o-y to 148mt, largely reflecting a 3.3% fall in imports of steam coal. Mea ...
Thursday, 28 August 14
PANAMAX: OWNERS CAN GET AROUND USD 16000 FOR A FRONTHAUL; PERIOD MARKET - VERY QUIET - FEARNLEYS
Handy
The activity and sentiment is improving in the Atlantic with the general TA rate is up about US$ 800 w-o-w. We see more South American carg ...
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- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Siam City Cement - Thailand
- PTC India Limited - India
- Deloitte Consulting - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
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