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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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Thursday, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
Supramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despit ...
Wednesday, 15 March 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1000 point mark and creating a positive sentiment for the u ...
Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has be ...
Monday, 13 March 17
PORT OF NEWCASTLE HAS SHIPPED 11.563 MILLION TONS COAL IN FEBRUARY 2017; DECLINED 12.19 PERCENT M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,4 ...
Monday, 13 March 17
INDO - INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
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- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Marubeni Corporation - India
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