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Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
 COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called Petcoke, as it emits fine particulate matter (PM), which is harmful to human health, says PTI.
Petroleum coke or petcoke is a carbonaceous solid delivered from oil refinery coker units is a high calorific value solid fuel and is used for power generation by Indian private and public sectors due to its low delivered cost. According to PTI, the petition filed by Pritam Singh has contended that the demand and supply of Pet-coke was increasing at a high rate due to its cheaper cost and better availability compared to coal.
As reported by PTI, according to Ashwani Kumar Dubey, advocate of Pritam Singh "Pet-coke is being consumed by both the private and public sector with a massive growth rate. In FY 2013-14, 2.13 million tonnes were used in the public sector and 9.662 million tons were used by the private sector. However, in FY 2014-15, 2.381 million tonnes were used in the public sector and 12.027 million tonnes were used in the private sector. That approximately 5.81 million tonnes of petroleum coke were imported into the country in FY 2014-2013 as compared to 3.57 million tonnes in FY 2013-2014, thus having the growth rate of 62 per cent."
Indian utilities import Pet coke from the U.S. as well as Saudi Arabia due to its lowest price and high calorific value energy. Indian cement producers burn more Pet coke compared to power producers in India.
If India’s National Green Tribunal decides to ban the use of Pet Coke in India, then there will be short term energy supply disturbance, particularly for Pet coke users as those buyers may face contractual defaults with their respective Pet-coke suppliers as well as ship Owners. Any ban on with immediate effect would affect the vessels which are currently carrying Pet Coke towards India. The plants will also face fuel supply disturbance as those Pet Coke users should look for prompt and alternative high calorific coal to replace Pet coke to keep their factories in operating mode.
According to our market sources in India, some of the Indian Pet Coke users consuming Pet coke without getting amendments to their EC certificates where the approved sulphur level was maximum one percent. The Pet coke used to contain high sulphur content. The same sources told us that, in such case the punitive penalty would be huge and it will affect the bottom line of Pet Coke users in India.
The Indian National Green Tribunal’s decision if favors, environmental activists, the COALspot.com predicts there would be huge demand for higher calorific coal for prompt loading. Any sudden demand for high calorific value coal would push up the global coal price as well as shipping freight to a higher level compared to today’s level.
Commenting on Mozambique coal, our sources in India said, Indian cement, utilities are now accepting coal from Mozambique as coal prices of Mozambique origin were working out cheaper on an evaluation basis compared to current RB2 coal prices.
5500 NAR coal from South African origin coal is offered at around US$ 53 per ton basis CFR East Coast of India, whereas 6100 NAR coal of Mozambique origin is being offered at around US$ 50 per ton for the same destination. Mozambique coal’s volatile matter is around 20%, which is quite low compared to South African coal and Ash content is around 23% which is also quite higher compared RSA coal. However, Indian cement, utilities are now days accepting Mozambique coal without any hesitation due to its price advantages.
South African coal is also slowly losing its grip in India due to its high price levels compare to coal from other sources. According to a market player, RB1 coal is almost out of India and the Mozambique coal will also possibly push out RB2 coal soon if the Mozambique keeps offering the coal at this attractive level. RB3 coal fetching higher domestic price in South Africa, hence it may not look for an export market.
Will Indian National Green Tribunal’s upcoming decision on Pet Coke write a new equilibrium for coal import and demand in India?
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Wednesday, 24 May 17
LR MARKET IT SEEMS THAT EARNINGS ARE STILL UNDER PRESSURE - INTERMODAL
As we are approaching the summer season, the Clean Product market appears poised to become more challenging, either on East or West of Suez.
L ...
Tuesday, 23 May 17
TANKERS WEEKLY MARKET NOTE - ALLIED
It’s been a turbulent couple of weeks on the oil front, with the effectiveness of OPEC’s policy being under debate amongst most traders ...
Monday, 22 May 17
THE SHIPPING INDEX DECLINES AGAIN
COALspot.com: The Freight market again decline this past week, as BDI and all other indexes show a negative trend week over week.
The Baltic E ...
Friday, 19 May 17
U.S WEEKLY COAL OUTPUT UP 1.2% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.5 million short ton ...
Thursday, 18 May 17
SUPRAMAX : COAL TRIPS TO CHINA WITH VESSELS OPEN INDO HAVE BEEN FIXED AROUND $8000
Supramax
Atlantic market has stayed quiet with no substantial developments.
Cont to Med scrap cargoes have concluded around 11k says Fearnle ...
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- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Minerals Council of Australia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- White Energy Company Limited
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
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